Housing Development Corporation Act (amended)
BILL NO. 141
4th Session, 61st General Assembly
61 Elizabeth II, 2012
Private Member's Bill
Housing Development Corporation Act
First Reading: November 20, 2012
This Bill provides that all funding received by the Province from Canada Mortgage and Housing Corporation must be used for the purpose of housing, as defined in this Act.
Be it enacted by the Governor and Assembly as follows:
Chapter 213 of the Revised Statutes, 1989, the Housing Development Corporation Act, is amended by adding immediately after Section 9A the following Section:
9B (1) Notwithstanding Section 2, in this Section,
(a) "housing" means residential accommodation and facilities, common areas and services used directly with residential accommodation, and includes
(i) the management of programs on which funding from Canada Mortgage and Housing Corporation is permitted to be spent under the Social Housing Agreement, and
(ii) the management and administration of residential accommodation and facilities, common areas and services used directly with residential accommodation,
but does not include
(iii) commercial or institutional premises,
(iv) social or recreational services, or
(v) services or facilities related to mental or physical health care, education, corrections, food services, social support or public recreation;
(b) "Social Housing Agreement" means the Social Housing Agreement dated December 12, 1997 between the Corporation and Canada Mortgage and Housing Corporation, as amended from time to time in accordance with the Agreement.
(2) Subject to subsection (4), all funding received by the Province from Canada Mortgage and Housing Corporation must be used for the purpose of housing.
(3) Subject to subsection (4), for greater certainty, no funds received by the Province under the Social Housing Agreement may be transferred to the General Revenue Fund of the Province or used for any purpose other than housing.
(4) The money required for the purpose of this Section must be paid out of money appropriated for that purpose by the Legislature.
2 This Act has effect on and after April 1, 2013.
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