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S.M. 2020, c. 3
Bill 4, 2nd Session, 42nd Legislature
The Manitoba Hydro Amendment Act
This note is a reader's aid and is not part of the law.
This Act 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.
(Assented to April 15, 2020)
HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Manitoba, enacts as follows:
The Manitoba Hydro Act is amended by this Act.
Subsection 30(1) is amended by striking out "$500,000,000." and substituting "$1,500,000,000".
This Act comes into force on the day it receives royal assent.