Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act
Marginal note:Definitions
246. (1) In this Part,
“average annual cost to the Province of borrowing money”
« coût d’emprunt annuel moyen »
“average annual cost to the Province of borrowing money” means the average annual rate of interest, determined in the manner prescribed, that would be incurred by the Province on borrowed money if the money were borrowed during the period of twelve months immediately preceding the date of the determination of the threshold rate of return;
- “deemed profit”
“deemed profit”[Repealed, 2009, c. 31, s. 47]
- “fiscal incentive”
“fiscal incentive”[Repealed, 2009, c. 31, s. 47]
- “former Act”
“former Act”[Repealed, 2009, c. 31, s. 47]
- “offshore revenue threshold”
“offshore revenue threshold”[Repealed, 2009, c. 31, s. 47]
“project”
« projet »
“project” means a work or activity resulting in the production of petroleum in the offshore area that is required to be authorized pursuant to paragraph 142(1)(b).
- “threshold rate of return”
“threshold rate of return”[Repealed, 2009, c. 31, s. 47]
Marginal note:Determination of per capita fiscal capacity
(2) For the purposes of this Part, the per capita fiscal capacity of the Province and the national average per capita fiscal capacity in respect of any fiscal year shall be determined in accordance with section 226.
- 1988, c. 28, s. 246;
- 2009, c. 31, s. 47.
- Date modified:
