Alberta Record

· Order in Council / Proclamation of Financial Statutes Amendment Act, 2023 · enacted

Financial statutes amendment act 2023 proclamation

This Order in Council proclaims various sections of the Financial Statutes Amendment Act, 2023 into force on specified dates, initiating legal effect for amendments to Alberta's financial statutes.

Low impactInstitutional independenceCentralization of powerThe public, directly

What changed

  • Sections 2(3), 7(3), (4), (5), (9), (10), (11), (16), 8, 9, 11, 12, 14(2), 15(4), and 16 of the Financial Statutes Amendment Act, 2023, came into force on March 29, 2023.
  • Section 10 of the Financial Statutes Amendment Act, 2023, came into force on April 10, 2023.
  • Sections 1 and 13 of the Financial Statutes Amendment Act, 2023, came into force on April 16, 2023.

Why it matters

  • The proclamation of these sections initiates the legal effect of amendments to various financial statutes in Alberta.
  • The staggered effective dates for different sections indicate a phased implementation of the legislative changes.
  • The specific impacts of these amendments on financial governance and public finance are determined by the content of the Financial Statutes Amendment Act, 2023.

Other governance concerns

  • Lack of public clarity regarding specific changes without access to the full Act text.

Primary sources (1)