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Third
Session, 48th General Assembly 68 Elizabeth II, 2019 |
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AN ACT TO AMEND THE
LOAN AND GUARANTEE ACT, 1957 |
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Received and Read the First Time................................................................................................. |
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Second |
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Committee.......................................................................................................................................... |
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Third |
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Royal Assent...................................................................................................................................... |
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HONOURABLE
TOM OSBORNE Minister of Finance and
President of Treasury Board |
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Ordered
to be printed by the Honourable House of Assembly |
EXPLANATORY NOTES This Bill would amend the Schedule to The Loan and Guarantee Act, 1957. Order in Council 2005-066 authorized a loan guarantee
of $350,000 in order to secure additional operating credit for the Stephenville
Airport Corporation during the period of its restructuring. In 2010, the
guarantee was increased by $250,000, with an additional increase of $300,000
being authorized in A BILL AN ACT TO AMEND THE LOAN AND GUARANTEE ACT, 1957 Analysis 1. Schedule Amdt Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: 1957 No. 70 1. The Schedule to The Loan and Guarantee Act, 1957 is amended by amending Item 2 - Stephenville Airport Corporation, as enacted by chapter 6 of 2005 and amended by chapter 20 of 2010, chapter 26 of 2016, chapter 39 of 2016 and chapter 13 of 2018, by striking out the expiry date of "Mar. 31/19" and substituting the expiry date of "Mar. 31/20". ©Queen's Printer |