Orders in council

104/2020

FINANCIAL ADMINISTRATION ACT (sections 56, 58 and 80); PETROLEUM MARKETING ACT (sections 6.3, 12 and 12.1) - Authorizes the President of Treasury Board and Minister of Finance to make advances to or purchase securities of the Alberta Petroleum Marketing Commission, and to raise money under certain terms and conditions to a maximum of $2.0 billion, authorizes the Alberta Petroleum Marketing Commission to borrow money to a maximum of $2.0 billion, and authorizes the Alberta Petroleum Marketing Commission to purchase shares, make loans, enter into joint ventures or partnerships, provide indemnities or guarantees or incorporate or acquire one or more subsidiary corporations in respect of the development of a hydrocarbon pipeline project.