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| This archived statute consolidation is current to November 10, 1992 and includes changes enacted and in force by that date. |
[Act administered by the Ministry of Industry and Small Business Development]
Assented to May 21, 1980
| Contents | ||
|---|---|---|
| Section | ||
| 1. | Vancouver Centre | |
| 2. | Expenditure | |
| 3. | Victoria Centre | |
| 4. | Expenditure | |
| 5. | Minister of Finance to pay money in existing fund into consolidated revenue | |
| 6. | Spent | |
| 7. | Commencement | |
1. A member of the Executive Council may make and the minister may carry out an agreement with the government of Canada, the City of Vancouver and Pier B-C Development Board Ltd. respecting a trade and convention centre to be established in the City of Vancouver.
Historical Note(s): 1980-58-1.
2. (1) Where the minister certifies that an expenditure is required under an agreement entered into under section 1, the Comptroller General shall pay out of the consolidated revenue fund the amount of that expenditure.
(2) The total of amounts paid under subsection (1) shall not exceed $20 million.
Historical Note(s): 1980-58-2.
3. (1) The Provincial Capital Commission may acquire land within the Capital Improvement District for the purpose of constructing on that land a trade and convention centre and for that purpose may do all necessary things for the purposes of planning, developing, constructing, maintaining, managing and operating a trade and convention centre in the City of Victoria.
(2) The commission may enter into agreements with other persons to carry out the duties and exercise the powers of the commission under this section.
(3) The minister may make and carry out an agreement with the government of Canada, the City of Victoria and the Provincial Capital Commission respecting a trade and convention centre to be established in the City of Victoria.
Historical Note(s): 1980-58-3.
4. (1) Where the minister certifies that an expenditure is required for the purpose of establishing the trade and convention centre referred to in section 3, the Comptroller General shall pay out of the consolidated revenue fund the amount of that expenditure.
(2) The total of amounts paid under subsection (1) shall not exceed $5 million.
Historical Note(s): 1980-58-4.
5. The Minister of Finance shall pay all money in the Vancouver Trade and Convention Centre Fund and the Victoria Trade and Convention Centre Fund that were continued under section 2 of the Funds Control Act into the consolidated revenue fund.
Historical Note(s): 1980-58-5.
7. (1) Sections 5 and 6 come into force on May 17, 1980.
(2) An agreement entered into under section 1 and before this Act comes into force shall be deemed to be valid.
Historical Note(s): 1980-58-7.
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