Alberta plans to change rules for how public agencies own, sell assets

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Alberta plans to change rules for how public agencies own, sell assets
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Alberta Infrastructure Minister Pete Guthrie speaks to reporters on March 21, 2024.

If passed, Bill 13, the Real Property Governance Act, would require provincial agencies, boards and commissions to give the province first right of refusal when they're selling surplus land and buildings.Alberta Infrastructure Minister Pete Guthrie speaks to reporters about the province's Real Property Governance Act, introduced Thursday.

The proposed change affects Alberta's post-secondary institutions, school jurisdictions and charter schools, Alberta Health Services and numerous government organizations including the Alberta Social Housing Corporation, among others.One of the MacKinnon panel recommendations was to "redefine" government land assets to include the broader public sector.

The government estimates that public agencies, boards and commissions hold $83 billion in assets, while the infrastructure ministry owns just $12 billion.

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