Agricultural and Rural Development (BC) Act ([RSBC 1996] Chapter 8)

AGRICULTURAL AND RURAL DEVELOPMENT (BC) ACT [RSBC 1996] CHAPTER 8 Contents Section 1 Agreements with Canada 2 Financial limits on agreements 3 Provincial projects 4 Appropriation 5 Contracts with corporations 6 Power to make regulations Agreements with Canada 1 The Lieutenant Governor in Council may authorize the minister to enter into and carry out an agreement with the federal minister under the Agricultural and Rural Development Act (ARDA) or another Act of Canada providing for one or more of the following: (a) projects for the alternative uses of land; (b) rural development projects; (c) soil conservation and water conservation projects. Financial limits on agreements 2 Under or in the execution of an agreement under section 1, (a) the money spent and financial liability incurred by the government must not exceed that spent and incurred by Canada, (b) the amount of capital advanced, granted or lent by the government must not exceed that granted or lent by Canada, and (c) the terms of repayment, rates of interest payable and conditions of security required, for money granted or lent by the government, must not be less favourable to the government than the terms of repayment, rates of interest payable and conditions of security required, for money granted or lent by Canada, are to Canada. Provincial projects 3 Despite section 2, the minister may undertake directly and pay for all or part of a project for the purposes referred to in section 1, and may acquire property for those purposes, (a) if it is anticipated that an agreement will be entered into under this Act, (b) if the expenses of a project exceed the expenses provided for in an agreement under this Act, or (c) if in the opinion of the minister no agreement will be reached under this Act. Appropriation 4 In the absence of an appropriation of the Legislature for the purpose, the expenses incurred in carrying out an agreement under this Act are to be paid out of the consolidated revenue fund. Contracts with corporations 5 (1) The minister may enter into an agreement with a corporation (a) to assist in implementing agreements under section 1 or projects under section 3, or (b) to ensure repayment of money advanced or granted as provided under the agreements or this Act. (2) A corporation may carry out an agreement entered into under subsection (1). Power to make regulations 6 The Lieutenant Governor in Council may make regulations referred to in section 41 of the Interpretation Act.