Bill 22 – Important changes to ATB, AIMCo and ACFA- Updated
Immediate outrage from Alberta's official opposition greeted the introduction of the Reform of Agencies, Boards, and Commissions and Government Enterprises Act on Monday, 18 November. While the opposition NDP focused on the political aspects of the firing of Lorne Gibson- his position was abolished by the Act- careful study shows the legislation will have significant implications beyond the political party sphere. The 172 page omnibus bill, introduced by Treasury Board President and Finance Minister Travis Toews, is part of the legislation necessary to give effect to some of the 24 October budget announcements. This analysis and opinion piece is devoted to three of the most important financial institutions owned by the Alberta Crown.
Before commenting on the details in Bill 22, it is im...