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Budget Implementation Act, 2006 (S.C. 2006, c. 4)

Full Document:  

Assented to 2006-06-22

Payments

Marginal note:Payment of $500,000,000

  • 209. (1) From and out of the Consolidated Revenue Fund, there may, on the requisition of the Minister of Finance made on the recommendation of the Minister of Indian Affairs and Northern Development, be paid to the Corporation for the Mitigation of Mackenzie Gas Project Impacts payments not exceeding in the aggregate the sum of $500,000,000.

  • Marginal note:Condition for recommendation

    (2) The Minister of Indian Affairs and Northern Development may only make the recommendation if the Mackenzie gas project, as defined in section 2 of the Mackenzie Gas Project Impacts Act, as enacted by section 208 of this Act, has not been terminated and the Minister of Indian Affairs and Northern Development is of the opinion that progress is being made on the project.

  • Marginal note:Terms and conditions

    (3) The Minister of Indian Affairs and Northern Development may, with the concurrence of the Minister of Finance, enter into an agreement with the Corporation for the Mitigation of Mackenzie Gas Project Impacts respecting the terms and conditions applicable to the making of the payments and their use.

Consequential Amendments

R.S., c. A-1Access to Information Act

210. Schedule I to the Access to Information Act is amended by adding the following in alphabetical order under the heading “Other Government Institutions”:

  • Corporation for the Mitigation of Mackenzie Gas Project Impacts

    Société d’atténuation des répercussions du projet gazier Mackenzie

R.S., c. F-11Financial Administration Act

211. Part 1 of Schedule III to the Financial Administration Act is amended adding the following in alphabetical order:

  • Corporation for the Mitigation of Mackenzie Gas Project Impacts

    Société d’atténuation des répercussions du projet gazier Mackenzie

R.S., c. P-21Privacy Act

212. The schedule to the Privacy Act is amended by adding the following in alphabetical order under the heading “Other Government Institutions”:

  • Corporation for the Mitigation of Mackenzie Gas Project Impacts

    Société d’atténuation des répercussions du projet gazier Mackenzie

Coming Into Force

Marginal note:Order in Council

213. Sections 208 to 212 come into force on a day to be fixed by order of the Governor in Council.

PART 13MISCELLANEOUS AMENDMENTS

1991, c. 12European Bank for Reconstruction and Development Agreement Act

214. The European Bank for Reconstruction and Development Agreement Act is amended by adding the following after section 4:

Marginal note:Amendment to schedule

4.1 The Governor in Council may, by order, amend the schedule to reflect amendments to the Agreement.

215. Article 1 of the Agreement set out in the schedule to the Act is replaced by the following:

ARTICLE 1
Purpose

In contributing to economic progress and reconstruction, the purpose of the Bank shall be to foster the transition towards open market-oriented economies and to promote private and entrepreneurial initiative in the Central and Eastern European countries committed to and applying the principles of multiparty democracy, pluralism and market economics. The purpose of the Bank may also be carried out in Mongolia subject to the same conditions. Accordingly, any reference in this Agreement and its annexes to “Central and Eastern European countries”, “countries from Central and Eastern Europe”, “recipient country (or countries)” or “recipient member country (or countries)” shall refer to Mongolia as well.

R.S., c. F-13Freshwater Fish Marketing Act

216. Subsection 16(2) of the Freshwater Fish Marketing Act is replaced by the following:

  • Marginal note:Limitation

    (2) The aggregate outstanding at any time of the amounts borrowed by the Corporation pursuant to paragraph 7(g) and the amounts lent by the Minister of Finance under this section shall not exceed fifty million dollars.

1999, c. 34Public Sector Pension Investment Board Act

217. The Public Sector Pension Investment Board Act is amended by adding the following after section 3:

CAPITAL AND SHARES

Marginal note:Capital

  • 3.1 (1) The capital of the Board is $100. The Minister shall pay the capital of the Board out of the Consolidated Revenue Fund.

  • Marginal note:Shares

    (2) The capital is divided into 10 shares having a par value of $10 each. The shares shall be issued to the Minister to be held on behalf of Her Majesty in right of Canada.

  • Marginal note:Registration

    (3) The shares issued to the Minister shall be registered by the Board in the name of the Minister.

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