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Alberta Indigenous Opportunities Corporation Act.

Country/Territory
Canada
Territorial subdivision
Alberta
Document type
Legislation
Date
2019
Source
FAO, FAOLEX
Subject
Environment gen., Fisheries, Wild species & ecosystems
Keyword
Indigenous peoples Business/industry/corporations Financing
Geographical area
Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic
Entry into force notes
This Act comes into force on Proclamation.
Abstract

The Alberta Indigenous Opportunities Corporation is established as a corporation. The mandate of the Corporation is to facilitate investment by indigenous groups in natural resource projects and related infrastructure, subject to the regulations. The Corporation has the capacity and, subject to this Act and the regulations, the rights, powers and privileges of a natural person. The share capital of the Corporation consists of one share owned by the Crown. Subject to the regulations, the Corporation may, in carrying out its mandate, make a grant or contribution. Subject to the regulations, with the approval of the Lieutenant Governor in Council, the Corporation may, in carrying out its mandate, directly or indirectly, (a) make a loan of money, or acquire an existing loan of money, (b) issue loan guarantees, (c) purchase shares or other forms of equity, and (d) enter into joint ventures or partnerships. For greater certainty, for the purposes of this Act, “indigenous groups” means (a) Indian bands as defined by the Indian Act (Canada), (b) Metis settlements established by the Metis Settlements Act, (c) Metis groups as defined by the regulations, (d) other entities approved by the Minister by order as falling within the mandate of the Corporation, and (e) entities that are fully owned by the entities identified in clause (a), (b), (c) or (d). The Lieutenant Governor in Council may, by regulation, identify additional entities as “indigenous groups” for the purposes of this Act. The Corporation is for all purposes an agent of the Crown in right of Alberta.

Full text
English
Website
www.canlii.org

References - Legislation

Implemented by

Authorized Natural Resource Sectors Regulation (Alt. Reg. 27/2020).

Legislation | Canada | 2020

Keyword: Business/industry/corporations, Indigenous peoples, Mining

Source: FAO, FAOLEX

Alberta Indigenous Opportunities Corporation Regulation 162/2019.

Legislation | Canada | 2019 (2019)

Keyword: Indigenous peoples, Business/industry/corporations, Financing

Source: FAO, FAOLEX