English - EN
Français - FR
Loading paragraph markers
Current: as posted at an unknown date
Bill 18, 1st Sess, 20th Leg
Royal Assent: 1983-03-30
Link to this version:
Citation:
Alberta Heritage Savings Trust Fund Amendment Act, 1983, SA 1983, c 6, <https://canlii.ca/t/53qs0> retrieved on 2025-05-06
Bill 18 ALBERTA HERITAGE SAVINGS TRUST FUND AMENDMENT ACT, 1983 CHAPTER 6 (Assented to March 30, 1983) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: RSA 1980 cA-27 1 The Alberta Heritage Savings Trust Fund Act is amended by this Act. 2 Section 1(d) is amended by striking out "30%" and substituting "a percentage': 3 Section 4 is renumbered as section 4(1) and the following is added after subsection (1): (2) The Provincial Treasurer shall, in accordance with subsections (3) and (4), transfer to the General Revenue Fund with respect to the period from September 1, 1982 to August 31, 1984, amounts equal to (a) 7/12 of the net investment income of the Trust Fund in respect of the 1982-83 fiscal year, (b) all of the net investment income of the Trust Fund in respect of the 1983-84 fiscal year, and (c) 5/12 of the net investment income of the Trust Fund in respect of the 1984-85 fiscal year. (3) The Provincial Treasurer shall estimate the net investment income of the Trust Fund for the fiscal years described in subsection (2)(a), (b) and (c) and shall transfer, (a) as soon as practicable after the coming into force of this subsection, an amount that in aggregate equals 7 /12 of the estimated net investment income of the Trust Fund for the 1982-83 fiscal year, (b) each month between April 1, 1983 and March 31, 1984, amounts that on March 31, 1984 in aggregate equal all the estimated net investment income of the Trust Fund for the 1983-84 fiscal year, and (c) each month between April 1, 1984 and August 31, 1984, amounts that on August 31, 1984 in aggregate equal 5/12 of 391 91 II I I III
Chap. 6 ALBERTA HERITAGE SAVINGS TRUST FUND 1983 the estimated net investment income of the Trust Fund for the 1984-85 fiscal year. (4) The Provincial Treasurer shall, as soon as practicable after the audited financial statements for the Trust Fund are available, determine the difference (a) between 7/12 of the net investment income as reported in the audited financial statements for the 1982-83 fiscal year and the amount transferred pursuant to subsection (3) for that year, (b) between all of the net investment income as reported in the audited financial statements for the 1983-84 fiscal year and the amount transferred pursuant to subsection (3) for that year, and (c) between 5/12 of the net investment income as reported in the audited financial statements for the 1984-85 fiscal year and the amount transferred pursuant to subsection (3) for that year and he shall then transfer money from the General Revenue Fund to the Trust Fund or from the Trust Fund to the General Revenue Fund so that the amount transferred to the General Revenue Fund is equal to the amounts described in subsection (2)(a), (b) and (c). (5) No interest is payable with respect to any money transferred pursuant to this section to or from the General Revenue Fund or to or from the Trust Fund. 4 Section 5 is amended (a) in subsection (1) (i) by striking out "30%" and substituting "A percentage"; (ii) by striking out "enacted in the preceding fiscal year"; (b) in subsections (4), (5) and (6) by striking out "30%" wherever it occurs and substituting "the percentage authorized in accordance with subsection (1)". 5 Section 12(1) is amended by striking out "and 9" and substituting "and 10". 6 Section 14 is amended by adding the following after subsection (5): (6) Subsection (4) does not apply to a Bill for a Special Act relating to the 1983-84 fiscal year. 392