Sir Chris will then attend a private ceremony at the Assembly Rooms.
Hoy, who has six Olympic gold medals - two from London 2012 - making him Britain's greatest Olympian, will then be given the freedom of the city during a private ceremony at the Assembly Rooms at about 15:00, watched by 500 invited guests.
Their staff had reviewed the Assembly's private settlement, although they insist Schneiderman and DiNapoli were never advised.
Mr Elliott lodged papers for the Private Members Bill to the Assembly.
"This would be a substantial multi-million pound fund run by a professional fund manager, with the Welsh Assembly Government and a private sector funder having equal stakes, " he said.
The Housing Executive said it intended to use its land assembly powers to work with private developers to target investment towards urban areas.
Laws to ensure bilingual services, including in some parts of the private sector, were passed by the last assembly.
Assembly government, European regional aid and private sector cash for the fund would be boosted by support from the European Investment Bank (EIB).
An assembly amendment which would have banned abortions being performed by private clinics has failed to win sufficient cross-community support.
At the assembly, Liberal Democrat AM Peter Black raised the issue of a private company offering single measles vaccines which had a phone number on its website for people in Swansea.
The Lib-Lab assembly coalition in Wales has shown far less enthusiasm for Tony Blair's flagship private finance partnerships.
Was the political significance here that Welsh Labour's manifesto written for May's Assembly election said that Labour had delivered on a pledge to "eliminate the use of private sector hospitals in NHS Wales and will continue to rule out the use of PFI in health services"?
BBC: Yeah but no but to using the private sector in the NHS?
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