Canada-Nova Scotia Offshore Petroleum Board (Statutory)
|Name of transfer payment program||Canada-Nova Scotia Offshore Petroleum Board (statutory)|
|Type of transfer payment||Contribution|
|Type of appropriation||Statutory authority - Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act|
|Link to department’s Program Inventory||Statutory Offshore Payments|
|Main objective||NRCan pays 50% of the operating costs of the Canada-Nova Scotia Offshore Petroleum Board. The province pays the other 50%. This is done pursuant to section 28 of the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act. The funds are drawn from the Consolidated Revenue Fund. Cost recovery regulations put in place in 2016 allow the Board to cost recover up to 100% of eligible costs from industry, which are remitted to the government of Canada and the province of Nova Scotia on a 50-50 basis.
This transfer payment program does not have any repayable contributions.
|Planned spending in 2018-19||$4,355,000|
|Fiscal year of last completed evaluation||Not applicable|
|Fiscal year of planned completion of next evaluation (if applicable)||Not applicable|
|General targeted recipient groups||Joint federal-provincial board (independent regulator)|
*This date relates to the expiry date of the program policy authority which may be different from the actual funding end date.
- Date modified: