Prairie Agricultural Machinery Institute Regulations, 1999, P-21.1 Reg 1

1 PRAIRIE AGRICULTURAL MACHINERY INSTITUTE P-21.1 REG 1 The Prairie Agricultural Machinery Institute Regulations, 1999 being Chapter P-21.1 Reg 1 (effective June 24, 1999). NOTE: This consolidation is not official. Amendments have been incorporated for convenience of reference and the original statutes and regulations should be consulted for all purposes of interpretation and application of the law. In order to preserve the integrity of the original statutes and regulations, errors that may have appeared are reproduced in this consolidation. 2 PRAIRIE AGRICULTURAL P-21.1 REG 1 MACHINERY INSTITUTE Table of Contents 1 Title 2 Interpretation 3 Head office 4 Corporate seal 5 Jurisdiction of institute 6 Operating surplus 7 Borrowing limits 8 Sask. Reg. 198/75 repealed 9 Coming into force 3 PRAIRIE AGRICULTURAL MACHINERY INSTITUTE P-21.1 REG 1 CHAPTER P-21.1 REG 1 The Prairie Agricultural Machinery Institute Act, 1999 Title 1 These regulations may be cited as The Prairie Agricultural Machinery Institute Regulations, 1999. Interpretation 2 In these regulations, “Act” means The Prairie Agricultural Machinery Institute Act, 1999. 9 Jly 99 cP-21.1 Reg 1 s2. Head office 3 The institute shall: (a) maintain a head office at Humboldt, Saskatchewan; and (b) make the address of the head office known to those persons carrying on business with the institute. 9 Jly 99 cP-21.1 Reg 1 s3. Corporate seal 4 The board may adopt a corporate seal for the institute. 9 Jly 99 cP-21.1 Reg 1 s4. Jurisdiction of institute 5 Subject to section 6 of the Act, the institute may exercise its powers: (a) in Saskatchewan and Manitoba pursuant to an agreement between the two provinces dated October 10, 1974, subject to any amendment to or substitution for that agreement; and (b) in any other province or territory of Canada pursuant to an agreement made pursuant to section 26 of the Act. 9 Jly 99 cP-21.1 Reg 1 s5. Operating surplus 6 The board may: (a) set a limit on the operating surplus to be carried by the institute; and (b) authorize a refund of amounts exceeding the limit set in accordance with clause (a) to Saskatchewan and Manitoba in proportion to their contributions to the institute, as specified in the agreement mentioned in clause 5(a) and in any amendment to or substitution for that agreement. 9 Jly 99 cP-21.1 Reg 1 s6. 4 PRAIRIE AGRICULTURAL P-21.1 REG 1 MACHINERY INSTITUTE Borrowing limits 7 For the purposes of clause 5(d) of the Act, the institute shall have no more than $1 million in outstanding loans or borrowed money at any one time. 9 Jly 99 cP-21.1 Reg 1 s7. Sask. Reg. 198/75 repealed 8 The Agricultural Machinery Institute Regulations, being Saskatchewan Regulations 198/75, are repealed. 9 Jly 99 cP-21.1 Reg 1 s8. Coming into force 9 These regulations come into force on the day on which they are filed with the Registrar of Regulations. 9 Jly 99 cP-21.1 Reg 1 s9. REGINA, SASKATCHEWAN Printed by the authority of THE QUEEN’S PRINTER Copyright©1999