of Bill :
Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:
1 Section 40.1 of the Public Utilities Act, chapter P-27 of the Revised Statutes of New Brunswick, 1973, Act is amended
(a) by adding after subsection (1.1) the following:
40.1(1.2) The New Brunswick Power Corporation shall make an application to the Board for the Board's approval as to any proposed sale or lease of generating assets, facilities or generating units, before entering into any agreement for the lease or sale of such assets, facilities or generating units.
(b) in subsection (2) by striking out the portion preceding paragraph (a) and substituting the following:
40.1(2) The Board shall, upon receipt of an application made under subsection (1), (1.1), or (1.2),
2 This Act or any provision of it comes into force on a day or days to be fixed by proclamation.