Regulation BEFORE repealed by BC Reg 80/2005, effective March 17, 2005.
| B.C. Reg. 233/98 Treasury Board Regulation | Deposited July 6, 1998 |
Financial Administration Act
Retention of Fee by British Columbia Assets and Land Corporation Regulation No. 2
Retention authorized
1 British Columbia Assets and Land Corporation (Incorporation No. 258741) ("BCALC") is authorized to retain the following amounts from all public money collected by BCALC in operating, maintaining, developing, marketing and disposing of Crown assets in accordance with the agreement between the Province, represented by the Minister of Finance and Corporate Relations and BCALC dated April 1, 1998 ("the Agreement") which is on file with the Minister of Finance and Corporate Relations:
(a) all "Eligible Expenses", as defined in the Agreement;
(b) all "BCALC Fees", as defined in the Agreement;
(c) all interest earned on the "Provincial Revenue", as defined in the Agreement, while the Provincial Revenue is held by BCALC, as trustee for the Province.
[Provisions of the Financial Administration Act, R.S.B.C. 1996, c. 138, relevant to the enactment of this regulation: section 14 (2)]