Acts and Regulations

2011, c.223 - Sport Development Trust Fund Act

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Current to 1 January 2024
2011, c.223
Sport Development Trust Fund Act
Deposited May 13, 2011
Definition of “sport”
1In this Act, “sport” means an activity with a significant physical component involving formal rules or procedures in which two or more persons engage for the purpose of competitively evaluating their personal performances.
1990, c.S-12.12, s.1
Establishment and administration of Sport Development Trust Fund
2(1)There is established a fund called the Sport Development Trust Fund.
2(2)Payments into the Sport Development Trust Fund shall be made in accordance with the Gaming Control Act.
2(3)The Minister of Finance and Treasury Board shall be the custodian of the Sport Development Trust Fund and the Sport Development Trust Fund shall be held in trust by the Minister of Finance and Treasury Board.
2(4)Payments for the purposes of section 3 shall be a charge on and payable out of the Sport Development Trust Fund.
2(5)All interest arising from the Sport Development Trust Fund shall be paid into and form part of the Sport Development Trust Fund.
2(6)The Minister of Finance and Treasury Board may invest the money in the Sport Development Trust Fund in the manner authorized by the Trustees Act and may invest in securities issued under the Provincial Loans Act.
1990, c.S-12.12, s.2; 1993, c.1, s.3; 2003, c.E-4.6, s.178; 2008, c.G-1.5, s.89; 2019, c.29, s.153
Use of assets of Fund
3The assets of the Sport Development Trust Fund shall be used to provide grants to individual athletes and sport organizations to promote leadership and excellence in sport.
1990, c.S-12.12, s.3
Minister may provide grants
4For the purpose of section 3, the Minister of Tourism, Heritage and Culture, after consultation with provincial sport organizations recognized as such by the Minister of Tourism, Heritage and Culture, may provide grants to individual athletes and sport organizations.
1990, c.S-12.12, s.4; 1992, c.2, s.56; 1998, c.41, s.104; 2000, c.26, s.268; 2007, c.10, s.88; 2012, c.39, s.140; 2012, c.52, s.46; 2016, c.37, s.184
Certification of grants
5(1)The Minister of Tourism, Heritage and Culture shall certify to the Minister of Finance and Treasury Board the amount of the grants provided under section 4.
5(2)When the Minister of Tourism, Heritage and Culture certifies the amounts of the grants provided, the Minister of Finance and Treasury Board may rely on the amounts so certified.
1990, c.S-12.12, s.5; 1992, c.2, s.56; 1998, c.41, s.104; 2000, c.26, s.268; 2007, c.10, s.88; 2012, c.39, s.140; 2012, c.52, s.46; 2016, c.37, s.184; 2019, c.29, s.153
N.B. This Act was proclaimed and came into force September 1, 2011.
N.B. This Act is consolidated to December 20, 2019.