Hyperlawhypertext legal database Sport Development Trust Fund Act current to 2024-06-27

2011-c.223 Sport Development Trust Fund Act N.B.

Current to 2024-06-27

Contents
s. 1 — Definition of “sport”

In 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

s. 2 — Establishment and administration of Sport Development Trust Fund

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

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

There is established a fund called the Sport Development Trust Fund.

s. 2(2) — Establishment and administration of Sport Development Trust Fund

Payments into the Sport Development Trust Fund shall be made in accordance with the Gaming Control Act.

s. 2(3) — Establishment and administration of Sport Development Trust Fund

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.

s. 2(4) — Establishment and administration of Sport Development Trust Fund

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

s. 2(5) — Establishment and administration of Sport Development Trust Fund

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

s. 2(6) — Establishment and administration of Sport Development Trust Fund

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.

s. 3 — Use of assets of Fund

The 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

s. 4 — Minister may provide grants

For 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

s. 5 — Certification of grants

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

s. 5(1) — Certification of grants

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.

s. 5(2) — Certification of grants

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.