Northern Pipeline Act

Marginal note:Costs of Agency to be recovered

• 29 (1) Every certificate of public convenience and necessity declared to be issued by subsection 21(1) to a company is subject to the condition that the company shall annually pay to the Receiver General an amount equal to the costs that are attributable to the Agency’s responsibilities under this Act and that are incurred by the Agency in the previous fiscal year with respect to that company.

• Marginal note:Invoicing

  (2) The Agency shall, no later than November 15 in each year, issue to each company an invoice for the amount payable under subsection (1).

• Marginal note:Payment period

  (3) Any amount that is payable under subsection (1) shall be paid no later than the 30th day after the date of the invoice.

• Marginal note:Interest

  (4) If a company fails to pay any amount invoiced within the required period, the company shall pay interest on the outstanding amount at a rate of 1.5% per month, compounded monthly, beginning on the 31st day after the date of the invoice.