3rd Session, 61st General Assembly
60 Elizabeth II, 2011
The Honourable John MacDonell
Minister of Agriculture
First Reading: November 8, 2011
Second Reading: November 14, 2011
Third Reading: November 28, 2011 (LINK TO BILL AS PASSED)
Clause 1 adds a definition for "agri-rural business" and updates the name of the Department.
(a) removes the five-member maximum on the number of persons serving on the Board;
(b) replaces the reference to a "member" of the Board with a "director";
(c) places a two consecutive-term limit on directors; and
(d) amends the requirement for a quorum from three members to two thirds of the serving directors.
Clause 3 clarifies that all officers, staff and employees report to the Minister.
(a) make or guarantee loans relating to quota or farm dwellings;
(b) make loans to pay out or refinance third-party loans;
(c) acquire or improve agri-rural business property;
(d) acquire expropriated land to encourage agricultural development;
(e) deal with a greater variety of applications for agriculture-related purchases; and
(f) deal with loan applications or guarantees.
Clause 5 adds regulation-making power to require borrowers to obtain insurance.
Clause 6 provides that documents must be executed by designated and approved officers of the Board.
Clause 7 removes the deadline for annual reporting to assist the Board in coordinating the annual report with the preparation and production of other corporate reports thereby reducing duplication.
(b) striking out "and Marketing" in the second line of clause (c); and(c) striking out "and Marketing" in the second line of clause (e). 2 (1) Subsection 3(1) of Chapter 7 is repealed and the following subsections substituted:
(2) Subsection 3(2) of Chapter 7 is amended by striking out "members" in the second and in the third lines and substituting in each case "directors".
(3) Subsection 3(3) of Chapter 7 is repealed and the following subsection substituted:
(4) Subsection 3(4) of Chapter 7 is amended by striking out "members" in the first line and substituting "directors".
(5) Subsection 3(5) of Chapter 7 is amended by striking out "Three members" in the first line and substituting "Two thirds of the directors serving at any time".3 Section 5 of Chapter 7 is amended by adding "and all such officers, staff and employees shall report to the Minister" immediately after "Board" in the last line.
4 Section 7 of Chapter 7, as amended by Chapter 24 of the Acts of 2004, is further amended by
(a) adding immediately after clause (a) the following clauses:
(b) adding immediately after clause (b) the following clause:
(c) adding "and development" immediately after "production" in the second line of clause (g);
(d) striking out ", agricultural machinery or equipment" in the second line of clause (h) and substituting "or agricultural personal property"; and
(e) adding immediately after clause (h) the following clause:
5 Clause 8(l) of Chapter 7 is amended by adding "acquire and" immediately after "to".
6 Section 10 of Chapter 7 is amended by striking out "and on behalf of the Board under its corporate seal by the Chairman or Vice-chairman of the Board and the Secretary" in the last three lines and substituting "officers of the Board as designated by the directors of the Board and approved by the Deputy Minister of the Department".
7 Section 12 of Chapter 7 is amended by striking out ", not later than the thirty-first day of July in each year," in the first two lines.