52

 


First Session, 46th General Assembly

57 Elizabeth II, 2008

BILL 52

AN ACT TO AMEND THE STUDENT FINANCIAL
ASSISTANCE ACT NO. 2

Received and Read the First Time...................................................................................................

Second Reading.................................................................................................................................

Committee............................................................................................................................................

Third Reading.....................................................................................................................................

Royal Assent......................................................................................................................................

HONOURABLE JOAN BURKE

Minister of Education

Ordered to be printed by the Honourable House of Assembly

 

EXPLANATORY NOTES

This Bill would amend the Student Financial Assistance Act.

Clause 1 of the Bill would amend the Act to add a definition for "reserve force".

Clause 2 of the Bill would amend the Act to provide authority for the Lieutenant-Governor in Council to make regulations respecting the circumstances in which no payments, interest or fees on student loans would be payable by a member of the reserve force.

A BILL

AN ACT TO AMEND THE STUDENT FINANCIAL ASSISTANCE ACT NO. 2

Analysis


        1.   S.2 Amdt.
Definitions

        2.   S.16 Amdt.
Lieutenant-Governor in Council regulations


Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

SNL2002 cS-29.01
as amended

        1. Section 2 of the Student Financial Assistance Act is amended by adding immediately after paragraph (i) the following:

           (i.1)  "reserve force" means reserve force as defined in the National Defence Act (Canada);

 

        2. Subsection 16(1) of the Act is amended by adding immediately after paragraph (e.2) the following:

          (e.3)  respecting the circumstances in which no interest is payable by members of the reserve force in respect of their student loans;

          (e.4)  respecting the circumstances in which no fees may be charged to members of the reserve force on their student loans;

          (e.5)  respecting the circumstances in which no amount on account of principal or interest is required to be paid by members of the reserve force in respect of their student loans;