Aspen Regional Water Services Commission Regulation

Link to law: http://www.qp.alberta.ca/1266.cfm?page=2007_176.cfm&leg_type=Regs&isbncln=9780779725922&display=html

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AR 176/2007 ASPEN REGIONAL WATER SERVICES COMMISSION REGULATION (no amdt)
ALBERTA REGULATION 176/2007
Municipal Government Act
ASPEN REGIONAL WATER SERVICES COMMISSION REGULATION
Table of Contents
                1       Establishment
                2       Members
                3       Water supply system                 4       Operating deficits
                5       Sale of property
                6       Profit and surpluses
                7       Approval
Establishment
1   A regional services commission known as the Aspen Regional Water Services Commission is established.
Members
2   The following municipalities are members of the Commission:
                                 (a)    The County of Athabasca No. 12;
                                 (b)    Town of Athabasca;
                                 (c)    Village of Boyle.
Water supply system
3   The Commission is authorized to provide and operate a water supply system.
Operating deficits
4   The Commission may not assume operating deficits that are shown on the books of any of the member municipalities.
Sale of property
5(1)  The Commission may not, without the approval of the Minister, sell any of its land, buildings, equipment or inventory whose purchase has been funded wholly or partly by grants from the Government of Alberta.
(2)  The Minister may not approve a sale under subsection (1) unless the Minister is satisfied
                                 (a)    as to the repayment of the grants from the Government of Alberta and outstanding debt associated with that portion of the land, buildings, equipment or inventory to be sold,
                                 (b)    that the sale would not have a significant adverse effect on the services the Commission provides, and
                                 (c)    that the sale will be properly reflected in the rates subsequently charged to the customers of the Commission.
Profit and surpluses
6   Unless otherwise approved by the Minister, the Commission may not
                                 (a)    operate for the purposes of making a profit, or
                                 (b)    distribute any of its surpluses to its member municipalities.
Approval
7   The Minister may make an approval under section 5 or 6 subject to any terms or conditions the Minister considers appropriate.