Bill 22 — First Session, 21St Legislature, 35 Elizabeth Ii the Legislative Assembly of Alberta Bill 22 Petroleum Incentives Program Amendment Act, 1986 (Legislature 21, Session 1)

L21 S1 3208

Alberta — Bills

1986 BILL First Session, 21st Legislature, 35 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL PETROLEUM INCENTIVES PROGRAM AMENDMENT ACT, 1986 THE MINISTER OF ENERGY First Reading Second Reading Committee of the Whole Third Reading Royal Assent Bill BILL PETROLEUM INCENTIVES PROGRAM AMENDMENT ACT, 1986 (Assented to , 1986) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: / The Petroleum Incentives Program Act is amended by this Act. 2

Section is amended (

a) in subsection (1) by repealing clause (

b) and substituting the following: (

b) the ehgible costs or expenses are incurred within the ap plicable time period under subsection (1.1), (

b) by adding the following after subsection (I):

(1.1) For the purposes of subsection (1), eligible costs and expenses must be incurred during the period commencing on January 1, 1981 and ending on (

a) March 31, 1986, in the case of eligible expenses other than those referred to in clause (b), or (

b) December 31, 1986, in the case of (

i) eligible costs or expenses incurred in respect of a tertiary recovery project as defined in the regulations, and (ii) eligible expenses, other than geological, geophysi cal or geochemical expenses, that are the subject of a ministerial certificate issued for that purpose under the regulations. 3 This Act is deemed to have come into force on March 31, 1986. Explanatory Notes This Bill will amend

chapter P-4.1 of the Statutes of Alberta, 1981. 2

Section presently reads in part: 6(1) Subject to this Act and the regulations, a person is entitled to a pay ment by the Minister if (

a) he, or a person associated with him in the manner and to the extent prescribed, has incurred eligible costs or expenses in respect of lands in Alberta, (

b) the eligible costs or expenses are incurred during the period comm encing on January 1, 1981 and ending on December 31, 1986, (

c) he applies for the payment in the form and manner prescribed, (

d) he is qualified to receive the payment, and (

e) this Act and the regulations are complied with. Explanatory Notes Title: 1986 (21st, 1st) Bill 22, Petroleum Incentives Program Amendment Act, 1986

Document details

Collection	Alberta — Bills
Citation	L21 S1 3208
Type	bill
Volume / chapter	L21 S1 3208
Language	en
Format	json
Source	PROVINCIAL
Identifier	793fc3cd84b2ab90475c286a567aa0bca98e73ae

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