Canadian Environmental Protection Act, 1999 (S.C. 1999, c. 33)

Marginal note:Environmental Economic Instruments Fund

• 327.1 (1) There is established an account in the accounts of Canada to be called the Environmental Economic Instruments Fund, consisting of a sub-account for each funding program that meets the following conditions:

  • (a) its purpose is provided for in a regulation made under section 326 and any of sections 93, 118, 140, 167, 177 and 209; and

  • (b) it is under the responsibility of the Minister.

• Marginal note:Amounts paid into C.R.F.

  (2) The amounts received by His Majesty in right of Canada as contributions to a funding program referred to in subsection (1) are to be paid into the Consolidated Revenue Fund and credited to the sub-account for that program.

• Marginal note:Interest

  (3) The Minister of Finance shall cause to be credited to each sub-account an amount representing interest, calculated in the manner and at the rate determined by the Governor in Council on the recommendation of that Minister, on the amount standing to the credit of that sub-account.

• Marginal note:Amounts paid out of C.R.F.

  (4) On the Minister’s request, one or more amounts not exceeding in total the amount standing in the sub-account for a funding program referred to in subsection (1), including interest, may be paid out of the Consolidated Revenue Fund for the purpose for which that funding program was established. The amount of all such payments is to be charged to that sub-account.

• Marginal note:Administration of Fund

  (5) The Minister is responsible for the administration of the Environmental Economic Instruments Fund.

• Marginal note:Use of amounts

  (6) Amounts credited to a sub-account for a funding program referred to in subsection (1) may be used for the administration of that sub-account.

• Marginal note:Designation

  (7) The Minister may, by order, designate any person or class of persons to exercise the powers and perform the duties and functions set out in subsections (4) and (5).