Municipal Finance Corporation Act

Hi guys here I have come to get info regarding to Municipal Finance Corporation Act of Nova Scotia, so would you plz tell me about the same ??

[pawan]

As you are asking for Municipal Finance Corporation Act of Nova Scotia, so on your demand I am giving below require material :

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

In this Act,
(a)
Board means the Board of Directors of the Corporation;
(b)
Corporation means the Nova Scotia Municipal Finance Cor-
poration;

(c)
financial assistance includes assistance by way of loan, loan
guarantee 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 borrow-
ings of which are or may be guaranteed by a municipality, any body corpo-
rate to which a municipality may lend money and any body corporate the
deficit 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 dis-
trict;
(h)
service commission means a board, commission or corpora-
tion created 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 munici-
pality 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 addi-
tion to water or electric rates fixed or approved under the Public Util-
ities Act,

Municipal Finance Corporation Act of Nova Scotia