Legislative Assembly of Alberta

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Bill 24: Fiscal Responsibility Amendment Act, 2006 (McClellan)

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Bill 24

BILL 24

2006

FISCAL RESPONSIBILITY
AMENDMENT ACT, 2006

(Assented to , 2006)

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows:

Amends RSA 2000 cF-15

1 The Fiscal Responsibility Act is amended by this Act.

2 Section 1(k.1)(i) is amended by striking out "$4 750 000 000" and substituting "$5 300 000 000".

Explanatory Notes

1 Amends chapter F-15 of the Revised Statutes of Alberta 2000.

2 Section 1(k.1) presently reads:

1 In this Act,

(k.1) "non-renewable resource revenue for fiscal policy purposes" in respect of a fiscal year means the lesser of

(i) $4 750 000 000, and

(ii) the average of the following:

(A) the forecast non-renewable resource revenue for the previous fiscal year, and

(B) the actual non-renewable resource revenue for each of the 2 fiscal years preceding the fiscal year referred to in paragraph (A);

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