﻿<?xml version="1.0" encoding="utf-8"?><Statute lims:pit-date="2005-04-01" hasPreviousVersion="true" lims:lastAmendedDate="2005-04-01" lims:current-date="2019-06-21" lims:inforce-start-date="2003-01-01" lims:fid="1414" lims:id="1414" bill-origin="commons" bill-type="govt-public" in-force="yes" xml:lang="en" xmlns:lims="http://justice.gc.ca/lims"><Identification lims:inforce-start-date="2003-01-01" lims:fid="1415" lims:id="1415"><LongTitle lims:inforce-start-date="2003-01-01" lims:fid="1416" lims:id="1416">An Act to provide for certain matters in connection with the transfer of certain airports</LongTitle><ShortTitle lims:inforce-start-date="2003-01-01" lims:fid="1417" lims:id="1417" status="official">Airport Transfer (Miscellaneous Matters) Act</ShortTitle><RunningHead lims:inforce-start-date="2003-01-01" lims:fid="1418" lims:id="1418">Airport Transfer (Miscellaneous Matters)</RunningHead><BillHistory lims:inforce-start-date="2003-01-01" lims:fid="1419" lims:id="1419"><Stages lims:inforce-start-date="2003-01-01" lims:fid="1420" lims:id="1420" stage="assented-to"><Date><YYYY>1992</YYYY><MM>3</MM><DD>19</DD></Date></Stages><Stages lims:inforce-start-date="2003-01-01" stage="consolidation"><Date><YYYY>2019</YYYY><MM>6</MM><DD>22</DD></Date></Stages></BillHistory><Chapter lims:inforce-start-date="2003-01-01" lims:fid="1422" lims:id="1422"><ConsolidatedNumber official="no">A-10.4</ConsolidatedNumber><AnnualStatuteId revised-statute="no"><AnnualStatuteNumber>5</AnnualStatuteNumber><YYYY>1992</YYYY></AnnualStatuteId></Chapter></Identification><Introduction lims:inforce-start-date="2003-01-01" lims:fid="1423" lims:id="1423"><Enacts lims:inforce-start-date="2003-01-01" lims:fid="1424" lims:id="1424"><Provision lims:inforce-start-date="2003-01-01" lims:fid="1425" lims:id="1425" format-ref="indent-0-0" language-align="no" list-item="no"><Text>Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:</Text></Provision></Enacts></Introduction><Body lims:inforce-start-date="2003-01-01" lims:fid="1426" lims:id="1426"><Heading lims:inforce-start-date="2003-01-01" lims:fid="1427" lims:id="1427" level="1"><TitleText>Short Title</TitleText></Heading><Section lims:inforce-start-date="2003-01-01" lims:lastAmendedDate="2003-01-01" lims:fid="1428" lims:id="1428"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1429" lims:id="1429">Short title</MarginalNote><Label>1</Label><Text>This Act may be cited as the <XRefExternal reference-type="act" link="A-10.4">Airport Transfer (Miscellaneous Matters) Act</XRefExternal>.</Text></Section><Heading lims:inforce-start-date="2003-01-01" lims:fid="1430" lims:id="1430" level="1"><TitleText>Interpretation and Application</TitleText></Heading><Section lims:inforce-start-date="2005-04-01" lims:lastAmendedDate="2005-04-01" lims:fid="1431" lims:id="1431"><MarginalNote lims:inforce-start-date="2005-04-01" lims:fid="1432" lims:id="1432">Definitions</MarginalNote><Label>2</Label><Subsection lims:inforce-start-date="2005-04-01" lims:fid="1433" lims:id="1433"><Label>(1)</Label><Text>In this Act,</Text><Definition lims:inforce-start-date="2005-04-01" lims:fid="1434" lims:id="1434"><Text><DefinedTermEn>designated airport authority</DefinedTermEn> means a corporation or other body designated pursuant to subsection (2); (<DefinedTermFr>administration aéroportuaire désignée</DefinedTermFr>)</Text></Definition><Definition lims:inforce-start-date="2005-04-01" lims:fid="1435" lims:id="1435"><Text><DefinedTermEn>designated employee</DefinedTermEn>, for an airport, means an employee designated pursuant to subsection (3) as a designated employee for that airport; (<DefinedTermFr>employé désigné</DefinedTermFr>)</Text></Definition><Definition lims:inforce-start-date="2005-04-01" lims:fid="1436" lims:id="1436"><Text><DefinedTermEn>Minister</DefinedTermEn> means the Minister of Transport; (<DefinedTermFr>ministre</DefinedTermFr>)</Text></Definition><Definition lims:inforce-start-date="2005-04-01" lims:fid="1437" lims:id="1437"><Text><DefinedTermEn>transfer date</DefinedTermEn>, in respect of an airport, means the date designated pursuant to subsection (2) for that airport. (<DefinitionEnOnly>Version anglaise seulement</DefinitionEnOnly>)</Text></Definition></Subsection><Subsection lims:inforce-start-date="2005-04-01" lims:fid="1438" lims:id="1438"><MarginalNote lims:inforce-start-date="2005-04-01" lims:fid="1439" lims:id="1439">Designations by Governor in Council</MarginalNote><Label>(2)</Label><Text>For the purposes of this Act, the Governor in Council may, by order,</Text><Paragraph lims:inforce-start-date="2005-04-01" lims:fid="1440" lims:id="1440"><Label>(a)</Label><Text>designate any corporation or other body to which the Minister is to sell, lease or otherwise transfer an airport as a designated airport authority; and</Text></Paragraph><Paragraph lims:inforce-start-date="2005-04-01" lims:fid="1441" lims:id="1441"><Label>(b)</Label><Text>designate the date on which the Minister is to sell, lease or otherwise transfer an airport to a designated airport authority as the transfer date for that airport.</Text></Paragraph></Subsection><Subsection lims:inforce-start-date="2005-04-01" lims:fid="1442" lims:id="1442"><MarginalNote lims:inforce-start-date="2005-04-01" lims:fid="1443" lims:id="1443">Designation by Minister</MarginalNote><Label>(3)</Label><Text>For the purposes of this Act, the Minister may, by order, designate any person employed in the federal public administration at or in connection with an airport or airports under the management, charge and direction of the Minister as a designated employee for an airport.</Text></Subsection><HistoricalNote><HistoricalNoteSubItem lims:inforce-start-date="2005-04-01" lims:fid="1445" lims:id="1445">1992, c. 5, s. 2; 2003, c. 22, s. 224(E)</HistoricalNoteSubItem></HistoricalNote></Section><Heading lims:inforce-start-date="2003-01-01" lims:fid="1446" lims:id="1446" level="1"><TitleText>Her Majesty</TitleText></Heading><Section lims:inforce-start-date="2003-01-01" lims:lastAmendedDate="2003-01-01" lims:fid="1447" lims:id="1447"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1448" lims:id="1448">Binding on Her Majesty</MarginalNote><Label>3</Label><Text>This Act is binding on Her Majesty in right of Canada or a province.</Text></Section><Heading lims:inforce-start-date="2003-01-01" lims:fid="1449" lims:id="1449" level="1"><TitleText>Official Languages</TitleText></Heading><Section lims:inforce-start-date="2003-01-01" lims:lastAmendedDate="2003-01-01" lims:fid="1450" lims:id="1450"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1451" lims:id="1451">Application of <XRefExternal reference-type="act" link="O-3.01">Official Languages Act</XRefExternal></MarginalNote><Label>4</Label><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1452" lims:id="1452"><Label>(1)</Label><Text>Where the Minister has leased an airport to a designated airport authority, on and after the transfer date Parts IV, V, VI, VIII, IX and X of the <XRefExternal reference-type="act" link="O-3.01">Official Languages Act</XRefExternal> apply, with such modifications as the circumstances require, to the authority in relation to the airport as if</Text><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1453" lims:id="1453"><Label>(a)</Label><Text>the authority were a federal institution; and</Text></Paragraph><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1454" lims:id="1454"><Label>(b)</Label><Text>the airport were an office or facility of that institution, other than its head or central office.</Text></Paragraph></Subsection><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1455" lims:id="1455"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1456" lims:id="1456">Idem</MarginalNote><Label>(1.1)</Label><Text>Where the Minister has sold or otherwise transferred an airport to a designated airport authority, on and after the transfer date Parts IV, VIII, IX and X of the <XRefExternal reference-type="act" link="O-3.01">Official Languages Act</XRefExternal> apply, with such modifications as the circumstances require, to the authority in relation to the airport as if</Text><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1457" lims:id="1457"><Label>(a)</Label><Text>the authority were a federal institution; and</Text></Paragraph><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1458" lims:id="1458"><Label>(b)</Label><Text>the airport were an office or facility of that institution, other than its head or central office.</Text></Paragraph></Subsection><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1459" lims:id="1459"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1460" lims:id="1460">Construction</MarginalNote><Label>(2)</Label><Text>Nothing in subsection 23(2) of the <XRefExternal reference-type="act" link="O-3.01">Official Languages Act</XRefExternal> shall, in relation to an airport transferred to a designated airport authority by the Minister, be construed or applied so as to impose a duty on any institution other than that authority.</Text></Subsection><HistoricalNote><HistoricalNoteSubItem lims:inforce-start-date="2003-01-01" lims:fid="1462" lims:id="1462">1992, c. 5, s. 4, c. 42, s. 2</HistoricalNoteSubItem></HistoricalNote></Section><Heading lims:inforce-start-date="2003-01-01" lims:fid="1463" lims:id="1463" level="1"><TitleText>Pension Benefits</TitleText></Heading><Section lims:inforce-start-date="2003-01-01" lims:lastAmendedDate="2003-01-01" lims:fid="1464" lims:id="1464"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1465" lims:id="1465">Pension benefits</MarginalNote><Label>5</Label><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1466" lims:id="1466"><Label>(1)</Label><Text>Where the Minister has sold, leased or otherwise transferred an airport to a designated airport authority, the <XRefExternal reference-type="act" link="P-36">Public Service Superannuation Act</XRefExternal>, the <XRefExternal reference-type="act" link="S-24">Supplementary Retirement Benefits Act</XRefExternal> and the regulations made under those Acts apply, in the manner and to the extent provided by the regulations made under subsection (3), to any person who meets all of the following criteria:</Text><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1467" lims:id="1467"><Label>(a)</Label><Text>the person is a designated employee for the airport and, immediately prior to the transfer date, was a contributor under the <XRefExternal reference-type="act" link="P-36">Public Service Superannuation Act</XRefExternal>;</Text></Paragraph><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1468" lims:id="1468"><Label>(b)</Label><Text>on the transfer date, the person became an employee of the designated airport authority;</Text></Paragraph><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1469" lims:id="1469"><Label>(c)</Label><Text>the President of the Treasury Board has not made a payment pursuant to section 40 of the <XRefExternal reference-type="act" link="P-36">Public Service Superannuation Act</XRefExternal> in respect of the pensionable service to that person’s credit under that Act immediately prior to the transfer date;</Text></Paragraph><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1470" lims:id="1470"><Label>(d)</Label><Text>the person has not received or opted to receive any annuity or other benefit under section 12 or 13 of the <XRefExternal reference-type="act" link="P-36">Public Service Superannuation Act</XRefExternal> in respect of the pensionable service to the person’s credit under that Act immediately prior to the transfer date; and</Text></Paragraph><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1471" lims:id="1471"><Label>(e)</Label><Text>the person elects, within one year after the transfer date and in such form and manner as the President of the Treasury Board may direct, to have the <XRefExternal reference-type="act" link="P-36">Public Service Superannuation Act</XRefExternal>, the <XRefExternal reference-type="act" link="S-24">Supplementary Retirement Benefits Act</XRefExternal> and the regulations made under those Acts apply to the person in the manner and to the extent provided by the regulations made under subsection (3).</Text></Paragraph></Subsection><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1472" lims:id="1472"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1473" lims:id="1473">Election irrevocable</MarginalNote><Label>(2)</Label><Text>An election under paragraph (1)(e) is irrevocable.</Text></Subsection><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1474" lims:id="1474"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1475" lims:id="1475">Regulations</MarginalNote><Label>(3)</Label><Text>The Governor in Council may, on the recommendation of the President of the Treasury Board, make regulations</Text><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1476" lims:id="1476"><Label>(a)</Label><Text>respecting the manner in which and the extent to which provisions, as amended, of the Acts and regulations referred to in subsection (1) apply to persons who make an election under paragraph (1)(e);</Text></Paragraph><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1477" lims:id="1477"><Label>(b)</Label><Text>adapting provisions of those Acts and regulations for the purposes of this section; and</Text></Paragraph><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1478" lims:id="1478"><Label>(c)</Label><Text>generally for carrying out the purposes and provisions of this section.</Text></Paragraph></Subsection><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1479" lims:id="1479"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1480" lims:id="1480">Retroactivity</MarginalNote><Label>(4)</Label><Text>Regulations made under subsection (3) may, if they so provide, be retroactive and have effect with respect to any period before they were made.</Text></Subsection></Section><Section lims:inforce-start-date="2003-01-01" lims:lastAmendedDate="2003-01-01" lims:fid="1481" lims:id="1481"><Label>6 and 7</Label><Text><Repealed>[Repealed, 1998, c. 26, s. 72]</Repealed></Text></Section><Heading lims:inforce-start-date="2003-01-01" lims:fid="1482" lims:id="1482" level="1"><TitleText>Income Tax</TitleText></Heading><Section lims:inforce-start-date="2003-01-01" lims:lastAmendedDate="2003-01-01" lims:fid="1483" lims:id="1483"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1484" lims:id="1484">Exemption from income tax</MarginalNote><Label>8</Label><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1485" lims:id="1485"><Label>(1)</Label><Text>No tax is payable under Part I of the <XRefExternal reference-type="act" link="I-3.3">Income Tax Act</XRefExternal> by a corporation for a taxation year commencing after 1990 on that portion of its taxable income for the year that may reasonably be regarded as being derived from an airport business if</Text><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1486" lims:id="1486"><Label>(a)</Label><Text>throughout the year, the corporation was a designated airport authority and no part of the income or capital of the corporation was or became payable to, or otherwise available for the personal benefit of, any member or shareholder of the corporation; and</Text></Paragraph><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1487" lims:id="1487"><Label>(b)</Label><Text>all or substantially all of the gross revenue of the corporation, other than dividends received from a taxable Canadian corporation, in the year was derived from an airport business.</Text></Paragraph></Subsection><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1488" lims:id="1488"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1489" lims:id="1489">Idem</MarginalNote><Label>(2)</Label><Text>No tax is payable under Parts I.3, IV and IV.1 of the <XRefExternal reference-type="act" link="I-3.3">Income Tax Act</XRefExternal> by a corporation for a taxation year commencing after 1990 for which no tax is payable on all or a portion of its taxable income by reason of subsection (1).</Text></Subsection><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1490" lims:id="1490"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1491" lims:id="1491">Same meaning</MarginalNote><Label>(3)</Label><Text>Unless a contrary intention appears, words and expressions used in this section have the same meaning as in the <XRefExternal reference-type="act" link="I-3.3">Income Tax Act</XRefExternal>.</Text></Subsection><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1492" lims:id="1492"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1493" lims:id="1493">Definitions</MarginalNote><Label>(4)</Label><Text>For the purposes of subsection (1),</Text><Definition lims:inforce-start-date="2003-01-01" lims:fid="1494" lims:id="1494"><Text><DefinedTermEn>airport business</DefinedTermEn> means the business of operating an airport and any activities incidental or pertaining to that operation and, without restricting the generality of the foregoing, includes the rental or leasing of real property situated at the airport, the making of investments, the granting of franchises, concessions and licences and the provision of parking facilities at the airport and heliport facilities and bus services serving the airport, but does not include activities relating to the operation of a hotel, motel, restaurant, bar, retail or wholesale store, a motor vehicle rental or leasing service, a taxi or limousine service, a freight transportation service, an airline, an aircraft rental or leasing service, an aircraft fuelling or maintenance service, a currency exchange service or an amusement or entertainment centre or any prescribed activity; (<DefinedTermFr>activités aéroportuaires</DefinedTermFr>)</Text></Definition><Definition lims:inforce-start-date="2003-01-01" lims:fid="1495" lims:id="1495"><Text><DefinedTermEn>taxation year</DefinedTermEn>, in respect of a corporation, means</Text><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1496" lims:id="1496"><Label>(a)</Label><Text>where the corporation is designated as a designated airport authority in a taxation year of the corporation, only that part of that year following the designation, and</Text></Paragraph><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1497" lims:id="1497"><Label>(b)</Label><Text>where the corporation ceases to be a designated airport authority in a taxation year of the corporation, only that part of that year preceding the cessation. (<DefinedTermFr>année d’imposition</DefinedTermFr>)</Text></Paragraph></Definition></Subsection><HistoricalNote><HistoricalNoteSubItem lims:inforce-start-date="2003-01-01" lims:fid="1499" lims:id="1499">1992, c. 42, s. 3; 1999, c. 31, s. 247(F)</HistoricalNoteSubItem></HistoricalNote></Section><Heading lims:inforce-start-date="2003-01-01" lims:fid="1500" lims:id="1500" level="1"><TitleText>Seizure and Detention of Aircraft</TitleText></Heading><Section lims:inforce-start-date="2003-01-01" lims:lastAmendedDate="2003-01-01" lims:fid="1501" lims:id="1501"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1502" lims:id="1502">Seizure and detention for fees and charges</MarginalNote><Label>9</Label><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1503" lims:id="1503"><Label>(1)</Label><Text>Where the amount of any landing fees, general terminal fees or other charges related to the use of an airport, and interest thereon, set by a designated airport authority in respect of an airport operated by the authority has not been paid, the authority may, in addition to any other remedy available for the collection of the amount and whether or not a judgment for the collection of the amount has been obtained, on application to the superior court of the province in which any aircraft owned or operated by the person liable to pay the amount is situated, obtain an order of the court, issued on such terms as the court considers necessary, authorizing the authority to seize and detain aircraft.</Text></Subsection><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1504" lims:id="1504"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1505" lims:id="1505">Idem</MarginalNote><Label>(2)</Label><Text>Where the amount of any fees, charges and interest referred to in subsection (1) has not been paid and the designated airport authority has reason to believe that the person liable to pay the amount is about to leave Canada or take from Canada any aircraft owned or operated by the person, the authority may, in addition to any other remedy available for the collection of the amount and whether or not a judgment for the collection of the amount has been obtained, on <Language xml:lang="la">ex parte</Language> application to the superior court of the province in which any aircraft owned or operated by the person is situated, obtain an order of the court, issued on such terms as the court considers necessary, authorizing the authority to seize and detain aircraft.</Text></Subsection><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1506" lims:id="1506"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1507" lims:id="1507">Release on payment</MarginalNote><Label>(3)</Label><Text>Subject to subsection (4), except where otherwise directed by an order of a court, a designated airport authority is not required to release from detention an aircraft seized under subsection (1) or (2) unless the amount in respect of which the seizure was made is paid.</Text></Subsection><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1508" lims:id="1508"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1509" lims:id="1509">Release on security</MarginalNote><Label>(4)</Label><Text>A designated airport authority shall release from detention an aircraft seized under subsection (1) or (2) if a bond, suretyship or other security in a form satisfactory to the authority for the amount in respect of which the aircraft was seized is deposited with the authority.</Text></Subsection><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1510" lims:id="1510"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1511" lims:id="1511">Same meaning</MarginalNote><Label>(5)</Label><Text>Words and expressions used in this section and section 10 have the same meaning as in the <XRefExternal reference-type="act" link="A-2">Aeronautics Act</XRefExternal>.</Text></Subsection><HistoricalNote><HistoricalNoteSubItem lims:inforce-start-date="2003-01-01" lims:fid="1513" lims:id="1513">1992, c. 42, s. 3; 2001, c. 4, s. 55(E)</HistoricalNoteSubItem></HistoricalNote></Section><Section lims:inforce-start-date="2003-01-01" lims:lastAmendedDate="2003-01-01" lims:fid="1514" lims:id="1514"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1515" lims:id="1515">Exempt aircraft</MarginalNote><Label>10</Label><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1516" lims:id="1516"><Label>(1)</Label><Text>Any aircraft of a person referred to in subsection 9(1) or (2) that would be exempt from seizure under a writ of execution issued by the superior court of the province in which the aircraft is situated is exempt from seizure and detention under that subsection.</Text></Subsection><Subsection lims:inforce-start-date="2003-01-01" lims:fid="1517" lims:id="1517"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1518" lims:id="1518">Exemption</MarginalNote><Label>(2)</Label><Text>The Governor in Council may, by regulation, exempt any aircraft from seizure and detention under section 9.</Text></Subsection><HistoricalNote><HistoricalNoteSubItem lims:inforce-start-date="2003-01-01" lims:fid="1520" lims:id="1520">1992, c. 42, s. 3</HistoricalNoteSubItem></HistoricalNote></Section><Heading lims:inforce-start-date="2003-01-01" lims:fid="1521" lims:id="1521" level="1"><TitleText>Qualified Investment</TitleText></Heading><Section lims:inforce-start-date="2003-01-01" lims:lastAmendedDate="2003-01-01" lims:fid="1522" lims:id="1522"><MarginalNote lims:inforce-start-date="2003-01-01" lims:fid="1523" lims:id="1523">Debt obligations qualified</MarginalNote><Label>11</Label><Text>For the purpose of qualifying the bonds, debentures or other evidences of indebtedness of a designated airport authority</Text><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1524" lims:id="1524"><Label>(a)</Label><Text>as an authorized investment under paragraph 86(i) of the <XRefExternal reference-type="act">Canadian and British Insurance Companies Act</XRefExternal>, paragraph 61(1)(b) of the <XRefExternal reference-type="act">Loan Companies Act</XRefExternal> or paragraph 78(1)(b) of the <XRefExternal reference-type="act">Trust Companies Act</XRefExternal>,</Text></Paragraph><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1525" lims:id="1525"><Label>(b)</Label><Text>as a permitted investment under paragraph 1(j) of Schedule III to the <XRefExternal reference-type="regulation" link="SOR-87-19">Pension Benefits Standards Regulations, 1985</XRefExternal>, and</Text></Paragraph><Paragraph lims:inforce-start-date="2003-01-01" lims:fid="1526" lims:id="1526"><Label>(c)</Label><Text>as assets that may be vested in trust in Canada under paragraph 1(i) of Schedule II to the <XRefExternal reference-type="act">Canadian and British Insurance Companies Act</XRefExternal> or paragraph 1(i) of the schedule to the <XRefExternal reference-type="act">Foreign Insurance Companies Act</XRefExternal>,</Text></Paragraph><ContinuedSectionSubsection lims:inforce-start-date="2003-01-01" lims:fid="1527" lims:id="1527"><Text>the rights and interests acquired by the authority under the instrument executed by the Minister that transfers an airport to the authority are deemed to be assets listed in that paragraph.</Text></ContinuedSectionSubsection><HistoricalNote><HistoricalNoteSubItem lims:inforce-start-date="2003-01-01" lims:fid="1529" lims:id="1529">1992, c. 42, s. 3</HistoricalNoteSubItem></HistoricalNote></Section></Body></Statute>