S.M. 2020, c. 3

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S.M. 2020, c. 3

Bill 4, 2^nd Session, 42^nd Legislature

The Manitoba Hydro Amendment Act

Explanatory Note

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:

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

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".

Coming into force

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