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| Bill C-44
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42. If Bill C-44, introduced in the first
session of the thirty-sixth Parliament and
entitled An Act to authorize remedial and
disciplinary measures in relation to members
of certain administrative tribunals, to
reorganize and dissolve certain federal
agencies and to make consequential
amendments to other Acts, is assented to,
then
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(a) on the later of the day on which
paragraph 42(a) of that Act comes into
force and the day on which subsection
25(1) of this Act comes into force,
subsection 6(1) of the English version of
the Canada Mortgage and Housing
Corporation Act is replaced by the
following:
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6. (1) The Board of Directors shall consist
of the Chairperson, the President and eight
other members.
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(b) on the later of the day on which
paragraph 42(a) of that Act comes into
force and the day on which subsection
25(2) of this Act comes into force,
subsection 6(4) of the English version of
the Canada Mortgage and Housing
Corporation Act is replaced by the
following:
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(4) Each director, other than the
Chairperson and the President, shall be
appointed by the Minister, with the approval
of the Governor in Council, to hold office
during pleasure for a term not exceeding three
years that will ensure, as far as possible, the
expiration in any one year of the terms of
office of not more than one half of the
directors.
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(c) on the later of the day on which
subsection 40(2) of that Act comes into
force and the day on which section 26 of
this Act comes into force, subsection 7(3)
of the Canada Mortgage and Housing
Corporation Act is replaced by the
following:
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(3) The Board, with the approval of the
Governor in Council, shall appoint three
Vice-Presidents and fix their remuneration.
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(d) on the later of the day on which
paragraph 42(b) of that Act comes into
force and the day on which section 27 of
this Act comes into force, section 9 of the
English version of the Canada Mortgage
and Housing Corporation Act is replaced
by the following:
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9. There shall be an Executive Committee
of the Board consisting of the Chairperson, the
President and three other directors selected by
the Board.
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| Retroactivity
of subsection
18(2) of the
National
Housing Act
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43. Subsection 18(2) of the National
Housing Act, as enacted by section 3 of this
Act, is deemed to have come into force on
January 1, 1997.
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