Bill 1 (An Act to Repeal the Alberta Management Investment Corporation Act)

Bill 1 aims to repeal the Alberta Management Investment Corporation Act, which previously established the Alberta Management Investment Corporation (AMIC). AMIC was responsible for managing certain government investment funds. Repealing this act means that the corporation will be dissolved or its responsibilities transferred elsewhere, streamlining government operations and reducing duplication. This change can impact how government investments are managed, potentially shifting these responsibilities to other entities or departments for more efficiency and oversight. Essentially, the bill simplifies or consolidates investment management within the provincial government structure.