Municipal Modernization and Business Development Bank of Canada Act

An Act to amend the Business Development Bank of Canada Act (municipal infrastructure bonds) and to make a consequential amendment to another Act

This bill was last introduced in the 40th Parliament, 2nd Session, which ended in December 2009.

Status

In committee (Senate), as of May 6, 2009
(This bill did not become law.)

Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

This enactment amends the Business Development Bank of Canada Act to provide for income tax exemptions for municipal bonds to finance infrastructure projects. The short title of the Act is also changed.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, provided by the Library of Parliament. You can also read the full text of the bill.