Search Results | Clear Search | Previous (in doc) | Next (in doc) | Prev Doc | Next Doc
B.C. Reg. 377/2010
Treasury Board
Deposited December 20, 2010
This consolidation is current to October 15, 2019.
See “Amendments Not in Force” for amendments
effective after October 15, 2019.
Link to consolidated regulation (PDF)
Link to Point in Time

Clean Energy Act

First Nations Clean Energy
Business Fund Regulation

[includes amendments up to B.C. Reg. 149/2018, July 13, 2018]

Definition

1   In this regulation, "Act" means the Clean Energy Act.

Power projects

2   (1) For the purposes of paragraph (a) in the definition of "power project" in section 20 (1) of the Act, the prescribed class of projects is projects for the generation of electricity from a clean or renewable resource, including transmission of the electricity to a point of interconnection with the equipment or facilities of a public utility.

(2) A project is not a power project if an organization of the government reporting entity has a financial interest in the project.

(3) For the purposes of paragraph (c) in the definition of "power project" in section 20 (1) of the Act, the prescribed authorizations are tenures granted under

(a) section 11 or 14 of the Land Act, or

(b) section 9 of the Ministry of Lands, Parks and Housing Act.

Initial balance

3   The initial balance of the First Nations Clean Energy Business Fund is $5 million.

Increase of balance

4   (1) The percentage prescribed for the purposes of section 20 (4) (b) of the Act is 55%.

(2) The land and water revenues prescribed for the purposes of section 20 (4) (b) of the Act are

(a) land revenues received from tenures granted under

(i) section 11 or 14 of the Land Act, or

(ii) section 9 of the Ministry of Lands, Parks and Housing Act, and

(b) rentals payable under the Water Sustainability Fees, Rentals and Charges Tariff Regulation for the diversion, use and storage of water, or the use of Crown land, in relation to a power project,

excluding interest and penalties.

(3) The percentage prescribed for the purposes of section 20 (5) (a) of the Act is 68.18%.

[am. B.C. Regs. 98/2016; 7/2017, ss. (a) and (c); 149/2018, s. (a).]

[Provisions relevant to the enactment of this regulation: Clean Energy Act, S.B.C. 2010, c. 22, s. 38]