Copyright and Disclaimer Print


AR 1/2007 SCHOOL BOARD INVESTMENT REGULATION

(Consolidated up to 28/2018)

ALBERTA REGULATION 1/2007

School Act

SCHOOL BOARD INVESTMENT REGULATION

Definition


1   In this Regulation, “Schedule” means the Schedule to the Trustee Act, RSA 2000 cT‑8, as it existed prior to the coming into force of the Trustee Amendment Act, 2006.

Manner of investing

2(1)  A board may invest any portion of its funds not required for its immediate purposes only in accordance with the Schedule, or as otherwise permitted by the Minister.

(2)  A permission given by the Minister under section 60(2)(d) of the School Act as it read immediately before the coming into force of the Trustee Amendment Act, 2006 continues to apply until rescinded or amended by the Minister.

Expiry

3   For the purpose of ensuring that this Regulation is reviewed for ongoing relevancy and necessity, with the option that it may be repassed in its present or an amended form following a review, this Regulation expires on August 31, 2021.

AR 1/2007 s3;136/2016;28/2018

Coming into force

4   This Regulation comes into force on January 1, 2007.