Marginal note:Regulations

227. The Governor in Council may, on the recommendation of the Federal Minister, make regulations

• (a) prescribing the time and manner of making any payment under this Part;

• (b) respecting the determination of any matter that under this Part is to be determined by the Minister of Natural Resources or the Federal Minister;

• (c) prescribing the time and manner of making any interim determination of a fiscal equalization offset payment or of the per capita fiscal capacity of the Province and the national average per capita fiscal capacity under this Part;

• (d) providing for the payment to Her Majesty in right of the Province of advances on account of a fiscal equalization offset payment for a fiscal year that may be payable or may become payable to Her Majesty in right of the Province pursuant to this Part, the adjustment of other payments by reason of such advances and the recovery of over-payments;

• (e) prescribing anything that, by virtue of any other provision of this Part, is to be prescribed; and

• (f) generally for carrying into effect the purposes and provisions of this Part.

Marginal note:Definitions

228. In this Part,

“Development Fund”

« Fonds de développement »

“Development Fund” means the account established under section 229;

“project”

« projet »

“project” means any work or activity in respect of which costs may be incurred.

Marginal note:Development Fund

229. There shall be established in the accounts of Canada an account to be known as the Offshore Development Fund, to which shall be charged all amounts paid by the Federal Minister pursuant to this Part.

Marginal note:Agreement with the Provincial Government

230. The Federal Minister may, with the approval of the Federal Government, enter into an agreement with the Provincial Minister, who has the approval of the Provincial Government,

• (a) providing for the criteria for the selection of projects and the procedure to be followed in proposing and approving projects;

• (b) providing for the procedure to be followed in making a payment of amounts pursuant to subsection 231(1) and the terms and conditions of the payment of those amounts or any part thereof;

• (c) restricting the costs in respect of which payment of amounts may be made pursuant to subsection 231(1); and

• (d) providing for any other matter or thing necessary for or incidental to carrying out the purposes and provisions of this Part.