2nd Session, 60th General Assembly
57 Elizabeth II, 2008
First Reading: November 7, 2008
Second Reading: November 18, 2008
Third Reading: November 24, 2008 (LINK TO BILL AS PASSED)
Be it enacted by the Governor and Assembly as follows:
1 This Act may be cited as the East Hants Sportsplex Expansion Act.2 In this Act,
(a) "Association" means the East Hants Arena Association, a society incorporated pursuant to the Societies Act;
(b) "Council" means the Council of the Municipality;(c) "Municipality" means the Municipality of the District of East Hants.
3 The Municipality may borrow up to six million dollars to assist financially the Association in an expansion of the East Hants Sportsplex situate in the Municipality at Lantz for the purpose of encouraging and promoting recreational activity of all kinds for the community at large.4 (1) The Municipality may
(a) levy a charge, rate or tax for the purpose of retiring all or part of the debt incurred by the Municipality pursuant to this Act;
(b) enter into an agreement with the Association for the lending to the Association and repayment by the Association of all or part of the monies borrowed by the Municipality pursuant to this Act on such terms as the Council determines to be in the best interest of the Municipality;
(c) retire all or part of the debt incurred by the Municipality pursuant to this Act by such other method as the Council determines to be in the best interest of the Municipality.
(2) A charge, rate or tax levied pursuant to this Act may be levied and collected in the same manner and in all respects as other municipal charges, rates and taxes required for the ordinary lawful purposes of the Municipality are levied and collected.
5 The Association shall use all monies paid to it pursuant to this Act to defray the cost of constructing the expansion of the East Hants Sportsplex referred to in this Act and for no other purpose.