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2nd Session, 42nd Legislature

This HTML version is provided for ease of use and is based on the bilingual version that was distributed in the Legislature after First Reading.

Bill 4

THE MANITOBA HYDRO AMENDMENT ACT


  Bilingual version (PDF) Explanatory Note

(Assented to                                         )

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

C.C.S.M. c. H190 amended

1           The Manitoba Hydro Act is amended by this Act.

2           Subsection 30(1)  is amended by striking out "$500,000,000." and substituting "$1,500,000,000".

Coming into force

3           This Act comes into force on the day it receives royal assent.

Explanatory Note

This Bill amends The Manitoba Hydro Act to increase the borrowing authority granted to Manitoba Hydro.

Currently, Manitoba Hydro may borrow up to $500 million for temporary purposes. This amendment authorizes borrowing up to $1.5 billion for those purposes.