Acts and Regulations

2014-71 - Economic Development Act

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NEW BRUNSWICK
REGULATION 2014-71
under the
Economic Development Act
(O.C. 2014-231)
Filed June 27, 2014
1Section 3.5 of New Brunswick Regulation 82-197 under the Economic Development Act is repealed and the following is substituted:
3.5Despite subsection 3.3(1), when an application for financial assistance is made under the NB Growth Program, the Minister is not required to refer the application to the New Brunswick Industrial Development Board and may grant financial assistance under subsection 3(1) of the Act
(a) without the recommendation of the New Brunswick Industrial Development Board or the New Brunswick Industrial Development Appeal Board, and
(b) without the approval of the Lieutenant-Governor in Council.
2Section 10 of the Regulation is amended
(a) in subsection (1) in the portion preceding paragraph (a) by striking out “Subject to subsections (2) and (3)” and substituting “Subject to subsection (3)”;
(b) by repealing subsection (2).
3Paragraph 12(a) of the Regulation is repealed.
4Schedule A of the Regulation is repealed.