Bill 14 — Second Session, 27Th Legislature, 58 Elizabeth Ii the Legislative Assembly of Alberta Bill 14 Carbon Capture and Storage Funding Act (Legislature 27, Session 2)

L27 S2 723

Alberta — Bills

2009 Bill 14 Second Session, 27th Legislature, 58 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 14 CARBON CAPTURE AND STORAGE FUNDING ACT THE MINISTER OF ENERGY First Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Second Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Committee of the Whole . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Third Reading . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Royal Assent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 Bill 14 BILL 14 2009 CARBON CAPTURE AND STORAGE FUNDING ACT ( A s s e n t e d t o , 2 0 0 9 ) Table of Contents 1 Purpose 2 Plan and budget 3 Payments 4 Report 5 Regulations HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: Purpose 1 The purpose of this Act is to encourage and expedite the design, construction and operation of carbon capture and storage projects in Alberta. Plan and budget 2(1) The Minister of Energy shall prepare and provide to the Minister of Finance and Enterprise an annual plan and budget to carry out the purpose of this Act.

(2) The Minister of Energy may, on reasonable notice to the Minister of Finance and Enterprise, having regard to the annual plan and budget referred to in subsection (1), make payments in accordance with

section 3(2).

(3) Payments under this Act shall be paid out of the General Revenue Fund.

(4) The aggregate of all payments out of the General Revenue Fund under this Act shall not exceed $2 000 000 000. Payments 3(1) The Minister of Energy may make grants to carry out the purpose of this Act.

(2) A payment under this Act may only be made (

a) pursuant to a grant ag reement entered into by the Minister, (

b) pursuant to a contract for service entered into by the Minister in relation to (

i) evaluating and selecting carbon capture and storage projects, or (ii) administering, monitoring or enforcing a grant agreement, or (

c) in any other circumstances authorized by the regulations. Report 4 The Minister of Energy shall report in the Ministry’s annual report on the progress of carbon capture and storage projects funded under this Act. Regulations 5 The Lieutenant Governor in Council may make regulations (

a) respecting requirements and conditions for making a payment under a grant agreement or contract for service; (

b) respecting requirements and conditions for entering into a grant agreement or contract for service under which a payment is to be made under this Act;

3 (

c) respecting other circumstances in which a payment may be made under this Act; (

d) respecting any other matter the Lieutenant Governor in Council considers necessary to carry out the purpose of this Act.

RECORD OF DEBATE Stage Date Member From To Questions and Comments From To Stage Date Member From To Questions and Comments From To Stage Date Member From To Questions and Comments From To Stage Date Member From To Questions and Comments From To Title: 2009 (27th, 2nd) Bill 14, Carbon Capture and Storage Funding Act

Document details

Collection	Alberta — Bills
Citation	L27 S2 723
Type	bill
Volume / chapter	L27 S2 723
Language	en
Format	json
Source	PROVINCIAL
Identifier	a35dad845eef74e2a9ddbd90efdfec01d4add2a5

Source file is stored in the law ingest library (json).