Acts and Regulations

2011, c.151 - Environmental Trust Fund Act

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Current to 1 January 2024
2011, c.151
Environmental Trust Fund Act
Deposited May 13, 2011
Establishment and administration of Environmental Trust Fund
1(1)There is established a fund called the Environmental Trust Fund.
1(2)The Minister of Finance and Treasury Board shall be the custodian of the Environmental Trust Fund and the Environmental Trust Fund shall be held in trust by the Minister of Finance and Treasury Board.
1(3)Payments for the purposes of section 3 shall be a charge on and payable out of the Environmental Trust Fund.
1(4)All interest arising from the Environmental Trust Fund shall be paid into and form part of the Environmental Trust Fund.
1(5)The Minister of Finance and Treasury Board may invest the money in the Environmental Trust Fund in the manner authorized by the Trustees Act and may invest in securities issued under the Provincial Loans Act.
1990, c.E-9.3, s.1; 1996, c.34, s.5; 2000, c.34, s.4; 2003, c.E-4.6, s.166; 2019, c.29, s.52
Direct contributions to Fund
2(1)The Environmental Trust Fund may receive direct contributions.
2(2)When the contributions are made by individuals, partnerships or corporations under subsection (1), the contributions shall be deemed to be gifts to the Crown in right of the Province.
2(3)Subsection (2) does not apply to contributions made by a department, corporation or agency of the Government of the Province or of Canada.
1990, c.E-9.3, s.2; 2023, c.17, s.77
Uses of assets of Fund
3The assets of the Environmental Trust Fund shall be used to
(a) pay for the costs incurred to
(i) provide for environmental protection,
(ii) provide for environmental restoration,
(iii) promote sustainable development of natural resources,
(iv) conserve natural resources within the Province,
(v) educate on matters relating to environmental issues and the sustainable development of natural resources, and
(vi) maintain and enhance the visual environment; and
(b) reimburse any department, corporation or agency of the Government of the Province that makes an advance so as to provide financing for any of the costs incurred for any of the purposes set out in paragraph (a).
1990, c.E-9.3, s.3; 2000, c.34, s.4
Environmental Trust Advisory Board
4The Minister of Environment and Climate Change shall appoint an Environmental Trust Advisory Board consisting of a chair and not less than four members to advise the Minister of Environment and Climate Change on matters relating to section 3.
1990, c.E-9.3, s.4; 2000, c.26, s.108; 2006, c.16, s.62; 2012, c.39, s.64; 2020, c.25, s.49
Certification of costs
5(1)The Minister of Environment and Climate Change shall certify the costs incurred under section 3 to the Minister of Finance and Treasury Board.
5(2)When the Minister of Environment and Climate Change certifies the costs incurred, the Minister of Finance and Treasury Board may rely on the costs so certified.
1990, c.E-9.3, s.5; 2000, c.26, s.108; 2006, c.16, s.62; 2012, c.39, s.64; 2019, c.29, s.52; 2020, c.25, s.49
N.B. This Act was proclaimed and came into force September 1, 2011.
N.B. This Act is consolidated to June 16, 2023.