Bill 85 — Second Session, 20Th Legislature, 33 Euzabeth Ii the Legislative Assembly of Alberta Bill 85 Natural Gas Pricing Agreement Amendment Act, 1984 (Legislature 20, Session 2)

L20 S2 3554

Alberta — Bills

1984 BILL 85 Second Session, 20th Legislature, 33 EUzabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 85 NATURAL GAS PRICING AGREEMENT AMENDMENT ACT, 1984 THE MINISTER OF ENERGY AND NATURAL RESOURCES First Reading Second Reading Committee ofthe Whole Third Reading Royal Assent

BiU 85 BILL 85 1984 NATURAL GAS PRICING AGREEMENT AMENDMENT ACT, 1984 (Assented to , 1984) HER MAJESTY, by and with the advice and consent ofthe Legislative Assembly of Alberta, enacts as follows: 1 The Natural Gas Pricing Agreement Act is amended by this Act. 2

Section 17 is amended (

a) in subsection (4) by adding the following after clause (d): (

e) money directed to be transferred to the Natural Gas Pric ing Agreement Market Development Fund pursuant to sub section (6.1). (

b) by adding the following after subsection (6):

(6.1) If a federal-provincial agreement provides a Umitation on the aggregate amount of market development incentive payments for which the Commission is liable in relation to a specified period, the Commission shaU, on being directed to do so by the Miidster, transfer from the Natural Gas Pricing Agreement Act Fund to the Natural Gas Pricing Agreement Market Development Fund an amount equal to the amount by which the aggregate amount of the payments that would have been paid to the Govemment of Canada in relation to the period ui the absence ofthe Umitation exceeds the amount of the limitation. 3

Section 20 is amended (

a) by repealing subsections (3) and (4) and substituting the fol lowing:

(3) The foUowing shall be paid into the Development Fund: (

a) amounts collected by the Commission pursuant to

section 19; (

b) amounts transferred to the Development Fund from the Natural Gas Pricing Agreement Act Fund pursuant to

section 17(6.1).

Explanatory Notes 1 This Bill wiU amend

chapter N-4 of the Revised Statutes of Alberta 1980. 2

Section 17(4) presently reads:

(4) The following shad be paid out ofthe Fund: (

a) compensation payable by the Commission pursuant to

section 15 with respect to gas delivered to the Commission under that section; (

b) any cost of service incurred by the Commission with respect to gas delivered to the Commission uruier

section 15 arui the movement of the gas from the point of delivery to the Commission to the point of delivery to the purchaser ofthe gas from the Commission; (

c) money paid to producers, original buyers and second buyers pur suant to the regulations under subsection (5); (

d) money required to be paid by the Commission to the Government of Canada as market development incentive payments pursuant to a federal-provincial agreement. 3

Section 20 presently reads in part: 20(1) There shad be a fund called the "Natural Gas Pricing Agreement Market Development Fund" (in this

section referred to as the "Develop ment Furui') which shad be held and administered by the Commission.

(2) The Commission shall keep a separate accounting record of the De velopment Fund.

(3) The Commission shaU pay into the Development Fund the amounts collected by it pursuant to

section 19.

(4) The Commission shall pay from the Development Furui the amounts it is authorized to pay pursuant to regulations uruier subsection (5). Explanatory Notes

(4) The foUowing shaU be paid from the Development Fund: (

a) amounts the Commission is authorized or required to pay under agreements entered into by the Commission pursuant to subsection (6); (

b) amounts directed to be paid by the Commission pur suant to subsection (6.1). (

b) by repealing subsection (5)(b); (

c) by repealing subsection (6) and substituting the following:

(6) Subject to the approval of the Lieutenant Governor in Councd, the Commission may enter into agreements with persons carrying on business as distributors of gas, wherever produced, to consumers within Canada but outside Alberta for the purpose of providing incentives for the retention or development by those distributors of markets for gas.

(6.1) The Minister may direct the Commission to pay all of the money then in the Development Fund to or for the benefit of persons who, pursuant to

section 15(4), purchase from the Commission gas intended to be removed from Alberta, in the manner and on the conditions specified by the Minister. In accordance with

section 4(1) ofthe

Interpretation Act, this Bill comes into force on the date it receives Royal Assent.

(5) The Lieutenant Governor in Councd may make regulations (

a) prescribing the maximum amount of a market development levy for the purposes of

section 18(4); (

b) authorizing the Commission to make payments from the Devel opment Furui to persons carrying on business as distributors of gas, wherever produced, to consumers within Canada but outside Alberta; (

c) governing any other matter incidental to the administration ofthe Development Fund.

(6) The Commission may, with the approval ofthe Lieutenant Governor in Council, enter into agreements with any person to whom payments may be made from the Development Furui on any terms arui conditions that may be prescribed by the Lieutenant Governor in Council. Explanatory Notes Title: 1984 (20th, 2nd) Bill 85, Natural Gas Pricing Agreement Amendment Act, 1984

Document details

Collection	Alberta — Bills
Citation	L20 S2 3554
Type	bill
Volume / chapter	L20 S2 3554
Language	en
Format	json
Source	PROVINCIAL
Identifier	af0491c4a34bbafa46ad6e0e01f61c6b82ec789e

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