150/2022

O.C. 359/2022

June 27, 2022

Financial Administration Act

Mountain Caribou Partnership General Remission Regulation (No. 2)

Definitions

In this regulation:

affected coal lease means a lease under the Coal Act that is identified by number in Table 1 of this regulation;

affected coal licence means a licence under the Coal Act that is identified by number in Table 2 of this regulation;

affected mineral claim means a mineral claim under the Mineral Tenure Act that is identified by number in Table 3 of this regulation;

affected year means any of the 2021, 2022 and 2023 calendar years;

deferral period means the period beginning on June 21, 2021 and ending on June 20, 2023.

Remission

Authorization is given for the remission of the eligible portion, determined in accordance with subsection (2), of the following amounts:

an amount paid under

section 13 (3) (a) [term and extension of licence] of the Coal Act in relation to an affected coal licence and an affected year;

an amount paid under

section 20 [payment of rent for lease] of the Coal Act in relation to an affected coal lease and an affected year;

an amount paid under

section 29 (a) [continuation of claims] of the Mineral Tenure Act in relation to an affected mineral claim and an affected year.

For the purposes of subsection (1), the eligible portion of an amount that is paid in relation to an affected year is the product of

the amount, and

the quotient of the number of days in the affected year that are within the deferral period and 365.

Table 1

Item

Coal lease

Table 2

Item

Coal

licence

Item

Coal

licence

Item

Coal

licence

Item

Coal

licence

Table 3

Item

Mineral claim

Item

Mineral claim

Item

Mineral claim

Item

Mineral claim

[Provisions relevant to the enactment of this regulation: Financial Administration Act , R.S.B.C. 1996, c. 138, s. 19.]