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Province introduces legislation to repeal provisions of Bill 40

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The province introduced legislation on Tuesday afternoon to reverse changes made as a result of Bill 40 that was passed last spring. File / Global News

The province introduced legislation on Tuesday afternoon to reverse changes made as a result of Bill 40 that was passed last spring.

The legislation will repeal the provisions implemented by Bill 40 that allows for the sale of a partial equity position of a Crown corporation.

READ MORE: Province set to repeal Bill 40 and will not allow sale of Crown corporations

“We have listened to Saskatchewan people and are making these changes because of what we heard,” Morgan said.

“Saskatchewan people were concerned about this legislation and the potential sale of even a small stake in a Crown corporation.”

The Interpretation Act, 1995 is being amended to repeal the recently-added definition to ‘privatize’ and to repeal the ability to add additional methods of transfer of control that would constitute privatization by regulation.

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