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B.C. Reg. 330/83
O.C. 1432/83
Filed August 29, 1983
effective September 1, 1983
This consolidation is current to January 14, 2020.

Mineral Land Tax Act

Mineral Land Tax Interest Rate Regulation

[includes amendments up to B.C. Reg. 392/92]

Rate of interest

1   For the purposes of section 17 of the Mineral Land Tax Act, the rate of interest shall be

(a) during the period from September 1, 1983 until September 30, 1983, 1 1/2% above the prime lending rate of the principal banker to the Province on June 15, 1983, and

(b) during each successive 3 month period, beginning on October 1, January 1, April 1 and July 1 in every year, 3% above the prime lending rate of the principal banker to the Province on the 15th day of the month immediately preceding that 3 month period.

[am. B.C. Reg. 392/92.]

[Provisions of the Mineral Land Tax Act, R.S.B.C. 1996, c. 290, relevant to the enactment of this regulation: sections 17, 21 (2) (a)]