|
52 |
|
|
First
Session, 46th General Assembly 57
Elizabeth II, 2008 |
|
AN ACT TO AMEND THE
STUDENT FINANCIAL |
|
Received and Read the First Time................................................................................................... |
|
Second |
|
Committee............................................................................................................................................ |
|
Third |
|
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. 2. S.16 Amdt. Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: SNL2002 cS-29.01 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
( 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; ŠEarl G. Tucker, Queen's Printer |