O.C. 259/2019

November 26, 2019


            The Lieutenant Governor in Council makes the Order in the attached Appendix.

For Information only

Recommended by:          President of Treasury Board and Minister of Finance

Authority:                             Financial Administration Act
                                                (sections 56 and 58)


 

APPENDIX

ORDER

 

1       authorizes the President of Treasury Board and Minister of Finance to make advances to and purchase securities of ATB Financial and Alberta Capital Finance Authority;

2       orders that the maximum aggregate principal amount of advances to and securities purchased of

(a)     ATB Financial shall not at any time exceed $7 000 000 000, and

(b)     Alberta Capital Finance Authority shall not at any time exceed the maximum aggregate principal sum allowed under the Alberta Capital Finance Authority Regulation (AR 258/2006);

3       authorizes the President of Treasury Board and Minister of Finance to raise money by the issue and sale from time to time of notes, bonds, debentures or interest-bearing or non-interest-bearing treasury bills issued by the Crown in right of Alberta or any other securities under which the Crown in right of Alberta is the debtor (collectively referred to hereafter as “Government securities”) for the sole purpose of making advances to or purchasing securities of ATB Financial and Alberta Capital Finance Authority as authorized by section 1, subject to sections 4, 5 and 6;

4       orders that in respect of ATB Financial, the maximum aggregate principal amount of all

(a)     Government securities under this Order and any previous order, and

(b)     notes, bonds, debentures, interest-bearing bills and non-interest-bearing bills issued by ATB Financial to parties other than the Crown in right of Alberta

outstanding at any time shall not exceed $7 000 000 000 in Canadian dollars or its equivalent in other currencies;

5       orders that in respect of Alberta Capital Finance Authority, the maximum aggregate principal amount of all

(a)     Government securities under this Order and any previous order, and

(b)     notes, bonds, debentures, interest-bearing bills and non-interest-bearing bills issued by Alberta Capital Finance Authority to parties other than the Crown in right of Alberta

outstanding at any time shall not exceed the maximum aggregate principal sum allowed under the Alberta Capital Finance Authority Regulation (AR 258/2006);

6       orders that the Government securities issued under this Order shall include such terms and conditions as are approved from time to time by the President of Treasury Board and Minister of Finance;

7       rescinds Orders in Council numbered O.C. 334/2012, O.C. 285/2015 and O.C. 236/2019.