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Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act

Version of section 237 from 2002-12-31 to 2015-06-18:
 


Marginal note:Appropriation

  • 237 (1) There may be paid out of the Consolidated Revenue Fund, for the purpose of making payments pursuant to this Part, amounts not exceeding, in the aggregate, the sum of two hundred million dollars less the aggregate of all amounts charged to the Development Fund before its continuation by section 234.

  • Marginal note:Charges to Development Fund

    (2) All amounts paid to Her Majesty in right of the Province pursuant to this Part shall be charged to the Development Fund.

  • Marginal note:Forgiveness of debt

    (3) The debts and obligations of Her Majesty in right of the Province due to the Government of Canada under section 68 of the Canada-Nova Scotia Oil and Gas Agreement Act, chapter 29 of the Statutes of Canada, 1984, are hereby forgiven.


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