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May 31st, 2016, 01:48 PM
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Join Date: Mar 2012
Re: Municipal Finance Corporation

As you want to know about the Municipal Finance Corporation Act

Short title

1. This Act can be cited as the Municipal Finance Corporation Act. R.S., c. 301, s. 1.

Interpretation

2. In this Act,

(a) "Board" means the Board of Directors of the Corporation;

(b) "Corporation" means the Nova Scotia Municipal Finance Corporation;

(c) "financial assistance" includes assistance by way of loan, loan promise and the purchase or guarantee of a bond, debenture, note or other debt obligation;

(d) "hospital" means a hospital to which the Hospitals Act applies;

(e) "Minister" means Minister of Municipal Affairs;

(f) "municipal enterprise" means any body corporate the borrowings of which are or may be guaranteed by a municipality, any body corporate to which a municipality may lend money and any body corporate the shortage of which is or may be paid by a municipality, and includes a school board as defined in the Education Act but does not include a hospital;

(g) "municipality" means a city, an incorporated town, village commissioners, a service commission or a municipality of a county or district;

(h) "service commission" means a board, commission or corporation shaped by or under the authority of any Act and having power to

(i) provide, for an area or the residents of an area, services similar to one or more of those which may be provided by a municipality for its residents, and

(ii) levy rates and taxes, or require a municipality or an official of a municipality to levy rates and taxes, other than or in addition to water or electric rates fixed or approved under the Public Utilities Act, and includes fire protection commissioners included under the Rural Fire District Act or to whom the Rural Fire District Act applies by virtue of Section 56 thereof but does not include a municipality of a county or district, an incorporated town, a city, village commissioners or a school board as defined in the Education Act. R.S., c. 301, s. 2.




Municipal Finance Corporation
2945 Townsgate Road , Suite 200
Westlake Village, CA 91361
(805) 267-7140 phone
(805) 267-7142 fax
info@munifinance.com

Here is attachment of Municipal Finance Corporation Act;
Attached Files
File Type: doc Municipal Finance Corporation.doc (61.0 KB, 54 views)


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