Payments to the Canada-Newfoundland Offshore Petroleum Board (Statutory)
|Name of transfer payment program||Canada-Newfoundland Offshore Petroleum Board (Statutory)|
|Type of transfer payment||Contribution|
|Type of appropriation||Statutory authority|
|Fiscal year for terms and conditions||Not applicable|
|Link to department’s Program Inventory||Statutory Offshore Payments|
|Description||NRCan pays 50% of the operating costs of the Canada-Newfoundland and Labrador Offshore Petroleum Board. The province pays the other 50%. This is done pursuant to section 27 of the Canada-Newfoundland and Labrador Atlantic 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 Newfoundland and Labrador on a 50-50 basis.
This transfer payment program does not have any repayable contributions.
|Expected results||Payments to the Canada-Newfoundland Offshore Petroleum Board are pursuant to provisions of the Canada-Newfoundland and Labrador Atlantic Accord Implementation Act.
The Canada-Newfoundland Offshore Petroleum Board mandate centers on worker safety, environmental protection and safety, effective management of land tenure, maximum hydrocarbon recovery and value, and Canada-Newfoundland and Labrador benefits.
|Fiscal year of last completed evaluation||Not applicable|
|Decision following the results of last evaluation||Not applicable|
|Fiscal year of planned completion of next evaluation||Not applicable|
|General targeted recipient groups||Joint federal-provincial board (independent regulator)|
|Initiatives to engage applicants and recipients||In respect of each fiscal year and pursuant to legislation, the Board is required to submit a budget request. Before the Canada-Newfoundland and Labrador Offshore Petroleum Board proposes a budget for ministerial approval, NRCan officials engage with Board officials to understand the budgetary request and consult with provincial officials to understand their position.|
|Type of transfer payment||2017-18 Forecast spending||2018-2019 Planned spending||2019-20 Planned spending||2020-21 Planned
|Total other types of transfer payments||0||0||0||0|
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