BILL NO. 160
2nd Session, 63rd General Assembly
68 Elizabeth II, 2019
Fisheries and Coastal Resources Act
The Honourable Keith Colwell
Minister of Fisheries and Aquaculture
First Reading: September 27, 2019
Second Reading: October 1, 2019
Third Reading: October 17, 2019 (LINK TO BILL AS PASSED)
Clause 1 removes the definition of "processing" from the Act.
Clause 2 permits officers of the Nova Scotia Fisheries and Aquaculture Loan Board as designated by the members of the Board and approved by the Deputy Minister of the Department of Fisheries and Aquaculture to execute documents on behalf of the Board.
Clause 3 gives the Governor in Council, on the recommendation of the Minister of Fisheries and Aquaculture, the power to make regulations prescribing the fees and expenses payable in connection with loans or guarantees of loans made by the Board.
Clause 4 provides that Clause 1 comes into force upon proclamation.
1 Clause 3(1)(j) of Chapter 25 of the Acts of 1996, the Fisheries and Coastal Resources Act, is repealed.
2 Section 39 of Chapter 25 is repealed and the following Section substituted:
- 39 All deeds, mortgages, transfers, assignments, discharges, releases, agreements, securities or other documents of whatsoever nature or kind must be executed by officers of the Board as designated by the members of the Board and approved by the Deputy Minister of the Department.
3 Subsection 42(1) of Chapter 25 is amended by adding immediately after clause (e) the following clause:
- (ea) prescribing the fees and expenses payable with respect to loans or guarantees of loans;
4 Section 1 comes into force on such day as the Governor in Council orders and declares by proclamation.
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