2001 Legislative Session: 2nd Session, 37th Parliament
FIRST READING


The following electronic version is for informational purposes only.
The printed version remains the official version.


HONOURABLE GEOFF PLANT
ATTORNEY GENERAL AND MINISTER 
RESPONSIBLE FOR TREATY NEGOTIATIONS

BILL 14 -- 2001

CROWN CORPORATIONS GOVERNANCE STATUTES AMENDMENT ACT, 2001

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


Hydro and Power Authority Act

1 Section 7 (a) of the Hydro and Power Authority Act, R.S.B.C. 1996, c. 212, is repealed.


Insurance Corporation Act

2 Section 2 (2) and (3) of the Insurance Corporation Act, R.S.B.C. 1996, c. 228, is repealed and the following substituted:

(2) The corporation consists of at least 3 members appointed by the Lieutenant Governor in Council.

 

Explanatory Notes


Hydro and Power Authority Act

SECTION 1: [Hydro and Power Authority Act, repeals section 7 (a)] removes certain restrictions on securities a director may hold.


Insurance Corporation Act

SECTION 2: [Insurance Corporation Act, amends section 2] replaces the minister as a member of the corporation and removes the 3 year limitation on the term of an appointment as a member.


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