1st Session, 40th Legislature
This version is based on the printed bill that was distributed in the Legislature after First Reading. It is not the official version. If accuracy is critical, you can obtain a copy of the printed bill from Statutory Publications or view the online bilingual version (PDF).
THE RENEWABLE ENERGY JOBS ACT
|Explanatory Note||Bilingual version (PDF)||Table of Contents|
(Assented to )
HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Manitoba, enacts as follows:
1 The following definitions apply in this Act.
"eligible manufacturer" means a corporation or partnership that carries on, or is established to carry on, in Manitoba, the business of manufacturing equipment, components or construction materials
(a) for use in the production, generation, transmission or distribution of renewable energy, including hydroelectricity; or
(b) for use in the processing of renewable resources used in the production of renewable energy. (« fabricant admissible »)
"minister" means the minister appointed by the Lieutenant Governor in Council to administer this Act. (« ministre »)
2(1) A government program to be known as the "Renewable Energy Jobs Funding Program" is hereby established.
2(2) The purpose of the program is to provide support in accordance with this Act to eligible manufacturers.
3(1) With the approval of the Lieutenant Governor in Council, the minister may enter into an agreement with an eligible manufacturer to provide financial support, by way of a loan, for the purposes specified in the agreement.
3(2) The Lieutenant Governor in Council may authorize or direct Manitoba Development Corporation, the corporation continued under The Development Corporation Act, to enter into the loan agreement or to administer it, or both.
4(1) In addition to, or instead of, providing financial support by means of a loan under section 3, the minister may provide any other form of support to eligible manufacturers in accordance with the regulations.
4(2) The Lieutenant Governor in Council may make regulations respecting other forms of support, which may include performance bonds or loan guarantees, to eligible manufacturers.
5 Advances to be made under loan agreements made under section 3, and any other payments to be made in accordance with the regulations, are payable by the Minister of Finance out of the Consolidated Fund from money authorized by an Act of the Legislature for those purposes.
6 For each fiscal year, the report of the department over which the minister presides must include a report about the Renewable Energy Jobs Funding Program that includes summary information about
(a) the loans made under section 3;
(b) any other support provided under section 4; and
(c) the jobs created by eligible manufacturers that can reasonably be attributed to the support provided under the program.
7 This Act may be referred to as chapter R85 of the Continuing Consolidation of the Statutes of Manitoba.
8 This Act comes into force on the day it receives royal assent.