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Legislative Assembly of New Brunswick
Status of Legislation - First Reading Bill
An Act to Amend the New Brunswick Investment Management Corporation Act +
 
Legislature :
55
Session :
3
Bill No. :
24
Member :
Mr. Murphy
First Reading :
2005-12-15
Second Reading :
2005-12-20
Committee of the Whole :
Amended :
Third Reading :
Royal Assent :
Download PDF :
  Bill 24         
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Text of Bill :
Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:



1                           Section 17 of the New Brunswick Investment Management Corporation Act, chapter N-6.01 of the Acts of New Brunswick, 1994, is amended by adding the following after subsection (5):



17(6)               By March 31, 2008, and thereafter, the Corporation shall make investments in the Province resulting in holding and managing at least 1% of total cumulative investment funds falling under this Act, in accordance with the investment policies of the Corporation.
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Legend
* Private Bill
** Bill referred to Standing Committee on Law Amendments
+ Private Member's Public Bill
++ Motion for second reading defeated
+++ Debate at second reading adjourned
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