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SLN1994

CHAPTER G-4.1

GOVERNMENT-CORNER BROOK PULP AND PAPER LIMITED AGREEMENT ACT, 1994

Amended:

CHAPTER G-4.1

AN ACT TO RATIFY, CONFIRM AND ADOPT AN AGREEMENT ENTERED INTO BETWEEN THE GOVERNMENT OF THE PROVINCE AND CORNER BROOK PULP AND PAPER LIMITED

(Assented to December 16, 1994)

Analysis

Short title

Agreement

S.25(6) of F.F.A.

Crown timber under the Forestry Act

Agreement not part of Act

Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

Short title

This Act may be cited as the Government-Corner Brook Pulp and Paper Limited Agreement Act, 1994.

1994 cG-4.1 s1

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Agreement

The agreement executed and delivered by and between the Crown as represented by the Minister of Natural Resources, and Corner Brook Pulp and Paper Limited and deposited with the Clerk of the Executive Council is ratified, confirmed and adopted from the date of coming into force of this Act.

1994 cG-4.1 s2

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S.25(6) of F.A.A.

(1) Payment under the agreement referred to in

section 2 is not subject to the requirement contained in subsection 25(6) of the Financial Administration Act

that payment under the contract is subject to there being an appropriation for the fiscal year in which the payment falls due.

(2) A payment that the Crown may be required to make under the agreement referred to in

section 2 shall be paid by the Honourable the Minister of Finance out of the Consolidated Revenue Fund.

(3) The Minister of Finance may consent to the assignment of the payment under the agreement referred to in

section 2 to a party designated by Corner Brook Pulp and Paper Limited.

1994 cG-4.1 s3

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Crown timber under the Forestry Act

Where, in the agreement referred to in

section 2, timber is retained by Corner Brook Pulp and Paper Limited as timber rights reserved from lands and rights otherwise conveyed under the agreement, that timber shall not be Crown timber as defined in the Forestry Act

but this

section only applies for so long as the timber rights are reserved by and to Corner Brook Pulp and Paper Limited and its permitted successors and assigns.

1994 cG-4.1 s4

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Agreement not part of Act

The agreement referred to in

section 2 does not form part of this Act.

1994 cG-4.1 s5

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