Loans |
| Maximum terms of loans for various projects
are prescribed in the Authority's resolution relating to the terms and conditions
for lending money to shareholders. Funds are advanced to borrowers in exchange
for debentures. Loans to shareholders (Resolution
No. 223) are secured by debentures repayable in semi annual installments.
Related links: FinancingThe Authority issues various debt obligations to obtain the funds necessary to finance loan requirements. These obligations of the Authority carry the unconditional guarantee of the Province of Alberta. See also: Ten-Year Loan Reviews, published in our Annual Reports. |