S.M. 1998, c. 11

THE MINES AND MINERALS AMENDMENT ACT

(Assented to June 29, 1998)

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Manitoba, enacts as follows:

C.C.S.M. c. M162 amended

1         The Mines and Minerals Act is amended by this Act.

2         The following is added after subsection 195(2):

Investment earnings to be credited to account

195(2.1)  Earnings from the investment of an amount deposited in an account under subsection (2) must be credited to the account.

3         Subsection 200(3) is amended by adding "and shall credit to the account any earnings from the investment of the amounts deposited" after "Fund".

Coming into force

4         This Act is retroactive and is deemed to have come into force on April 1, 1992.