Acts and Regulations

C-6 - Clean Environment Act

Full text
Repealed
15.94Repealed: 2012, c.44, s.1
2010, c.19, s.2; 2012, c.44, s.1
Repealed
15.94Repealed: 2012, c.44, s.1
2010, c.19, s.2; 2012, c.44, s.1
Accounting and auditing requirements of the operations of a generation facility
15.94(1)A regional solid waste commission that operates a generation facility shall make provision for revenues so as to produce an annually balanced budget with respect to the operation of all of its generation facilities.
15.94(2)If the proceeds from the operation of its generation facilities are insufficient to produce a balanced budget as provided for under subsection (1), the regional solid waste commission may make, by resolution of the commission, a charge against other operating funds of the regional solid waste commission.
15.94(3)If a regional solid waste commission has a deficit at the end of its fiscal year with respect to the operation of its generation facilities, it shall cause the deficit to be debited against the commission’s budget with respect to the operation of its facilities for the second next ensuing year.
15.94(4)If a regional solid waste commission has a surplus at the end of its fiscal year with respect to the operation of its generation facilities, it shall cause the surplus to be credited to the commission’s budget with respect to the operation of its facilities for the second next ensuing year.
15.94(5)A regional solid waste commission may transfer some or all of any audited surplus of the generation facility fund to other operating funds of the regional solid waste commission by resolution of the commission, commencing with the second next ensuing year.
2010, c.19, s.2