2011-c.151 — Environmental Trust Fund Act

s. 1 — Establishment and administration of Environmental Trust Fund

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

s. 1(1) — Establishment and administration of Environmental Trust Fund

There is established a fund called the Environmental Trust Fund.

s. 1(2) — Establishment and administration of Environmental Trust Fund

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.

s. 1(3) — Establishment and administration of Environmental Trust Fund

Payments for the purposes of section 3 shall be a charge on and payable out of the Environmental Trust Fund.

s. 1(4) — Establishment and administration of Environmental Trust Fund

All interest arising from the Environmental Trust Fund shall be paid into and form part of the Environmental Trust Fund.

s. 1(5) — Establishment and administration of Environmental Trust Fund

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.

s. 2 — Direct contributions to Fund

1990, c.E-9.3, s.2; 2023, c.17, s.77

s. 2(1) — Direct contributions to Fund

The Environmental Trust Fund may receive direct contributions.

s. 2(2) — Direct contributions to Fund

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.

s. 2(3) — Direct contributions to Fund

Subsection (2) does not apply to contributions made by a department, corporation or agency of the Government of the Province or of Canada.

s. 3 — Uses of assets of Fund

The assets of the Environmental Trust Fund shall be used to 1990, c.E-9.3, s.3; 2000, c.34, s.4

s. 3(a) — Uses of assets of Fund

(a) pay for the costs incurred to

s. 3(a)(i) — Uses of assets of Fund

(i) provide for environmental protection,

s. 3(a)(ii) — Uses of assets of Fund

(ii) provide for environmental restoration,

s. 3(a)(iii) — Uses of assets of Fund

(iii) promote sustainable development of natural resources,

s. 3(a)(iv) — Uses of assets of Fund

(iv) conserve natural resources within the Province,

s. 3(a)(v) — Uses of assets of Fund

(v) educate on matters relating to environmental issues and the sustainable development of natural resources, and

s. 3(a)(vi) — Uses of assets of Fund

(vi) maintain and enhance the visual environment; and

s. 3(b) — Uses of assets of Fund

(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).

s. 4 — Environmental Trust Advisory Board

The 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

s. 5 — Certification of costs

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

s. 5(1) — Certification of costs

The Minister of Environment and Climate Change shall certify the costs incurred under section 3 to the Minister of Finance and Treasury Board.

s. 5(2) — Certification of costs

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.