Municipal Financing Corporation Repeal Act
Long title not yet sourced from the legislative registry.
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- Introduced
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- Royal assent
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- Final vote
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Legislative timeline
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Bill overview
Bill NL2488, “Municipal Financing Corporation Repeal Act”, is a Newfoundland and Labrador bill from session ga50session2.
Its latest recorded status is “Passed”.
This overview is written automatically from the registry and vote records on this page and updates when they sync. It describes the bill's path, not its merits.
PLAIN-LANGUAGE SUMMARY
What you need to know
The Municipal Financing Corporation Repeal Act repeals the Municipal Financing Corporation Act, which previously allowed the Newfoundland and Labrador government to provide financial assistance to municipalities. This bill removes the corporation's authority to do so, effectively ending the program.
AI-generated from official records and reviewed against our editorial guardrails.
Key provisions
- 01The Municipal Financing Corporation Repeal Act is hereby enacted to repeal the Municipal Financing Corporation Act.
- 02The repeal of the Municipal Financing Corporation Act takes effect on a date to be determined by the Minister of Municipal Affairs.
- 03The Minister of Municipal Affairs shall provide notice of the effective date of the repeal to all affected parties.
- 04The repeal of the Municipal Financing Corporation Act does not affect any outstanding liabilities or obligations of the corporation.
- 05The Minister of Municipal Affairs shall ensure that all assets of the Municipal Financing Corporation are transferred to the Government of Newfoundland and Labrador.
Vote roll
No division has been recorded for this bill yet.