Barrhead Regional Water Commission Regulation

Link to law: http://www.qp.alberta.ca/1266.cfm?page=2011_135.cfm&leg_type=Regs&isbncln=9780779759125&display=html

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AR 135/2011 BARRHEAD REGIONAL WATER COMMISSION REGULATION (no amdt)
ALBERTA REGULATION 135/2011
Municipal Government Act
BARRHEAD REGIONAL WATER COMMISSION REGULATION
Table of Contents
                1       Definition
                2       Establishment
                3       Members
                4       Services
                5       Operating deficits
                6       Sale of property
                7       Profit and surpluses
                8       Approval
                9       Transfer of property
              10       Assumption of debts, etc.
Definition
1   In this Regulation, “member municipality” means a municipality referred to in section 3.
Establishment
2   A regional services commission known as the Barrhead Regional Water Commission is established.
Members
3   The following municipalities are members of the Commission:
                                 (a)    County of Barrhead No. 11;                                  (b)    Town of Barrhead.
Services
4   The Commission is authorized to provide potable water through the operation of a water treatment and transmission system.
Operating deficits
5   The Commission may not assume operating deficits that are shown on the books of any of the member municipalities.
Sale of property
6(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
7   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
8   The Minister may make an approval under section 6 or 7 subject to any terms or conditions the Minister considers appropriate.
Transfer of property
9   The member municipalities shall execute all documents and do all things necessary to transfer to the Commission the Neerlandia Waterline.
Assumption of debts, etc.
10   All debts and liabilities, all titles, easements and rights of way and crossing and all service, construction and consulting agreements incurred, held or entered into by any of the member municipalities with respect to the Neerlandia Waterline are assumed by the Commission, and the Commission shall enter into any agreements, execute any documents and do any other things that are necessary to assume those debts, liabilities, titles, easements, rights of way and crossing and agreements.