1992 Legislative Session: 1st Session, 35th Parliament
THIRD READING


The following electronic version is for informational purposes only.
The printed version remains the official version.


Certified correct as passed Third Reading on the 29th day of April, 1992
Ian D. Izard, Law Clerk.


MINISTER OF FINANCE AND
CORPORATE RELATIONS

BILL 4 -- 1992
BUDGET MEASURES IMPLEMENTATION ACT, 1992

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

Discontinuance of special accounts

1 (1) The following special accounts are discontinued:

(a) Crop Insurance Stabilization;

(b) Freedom to Move;

(c) Industrial Development Subsidiary Agreement Loan Repayment Revolving Fund;

(d) Land Titles Survey;

(e) Lottery Fund;

(f) Low Interest Loan Assistance Revolving Fund;

(g) North East Coal Development;

(h) Tourism Incentives Program.

(2) Money may be paid out of the general fund of the consolidated revenue fund after the end of March, 1992 in satisfaction of liabilities incurred on the basis of an appropriation under any of the discontinued special accounts referred to in subsection (1).

 
British Columbia Transit Act

2 Section 11.1 of the British Columbia Transit Act, R.S.B.C. 1979, c. 421, is amended by adding the following subsections:

(2.1) Subject to the approval of the Lieutenant Governor in Council, the Vancouver Regional Transit Commission may, with respect to the fiscal year ending on March 31, 1993, make regulations under subsection (2) that relate to periods that are shorter than the full fiscal year, but which in the aggregate relate to the full fiscal year.

(2.2) If the Vancouver Regional Transit Commission does not make a regulation under subsection (2) before April 1, 1992 relating to all or any portion of the fiscal year ending on March 31, 1993, the Vancouver Regional Transit Regulation No. 14-1991 (B.C. Reg. 105/91) shall be deemed to be extended and continue in force

(a) for the period, and

(b) with any modifications necessary to the extension and continuation,

prescribed by the Lieutenant Governor in Council.

 
Industrial Development Incentive Act

3 Sections 4 and 6 (2) (b) of the Industrial Development Incentive Act, S.B.C. 1985, c. 43, are repealed.

 
Insurance For Crops Act

4 Section 5 of the Insurance For Crops Act, R.S.B.C. 1979, c. 202, is repealed.

 
Insurance Premium Tax Act

5 Section 3.1 of the Insurance Premium Tax Act, R.S.B.C. 1979, c. 205, is amended by striking out "a tax equal to 5% of the premium paid or payable," and substituting "a tax equal to 7% of the premium paid or payable,".

 
Land Title Act

6 Part 19 of the Land Title Act, R.S.B.C. 1979, c. 219, is repealed.

 
Lottery Act

7 Section 1 of the Lottery Act, R.S.B.C. 1979, c. 249, is amended by repealing the definition of "fund".

8 Sections 6 and 7 are repealed.

 
Lottery Corporation Act

9 Section 8 of the Lottery Corporation Act, S.B.C. 1985, c. 50, is amended by striking out "lottery fund established under the Lottery Act" and substituting "consolidated revenue fund".

 
Special Accounts Appropriation and Control Act

10 Section 9 of the Special Accounts Appropriation and Control Act, S.B.C. 1988, c. 26, is repealed.

 
Special Appropriations Act

11 Sections 6 and 10 (f), (l), (p) and (r) of the Special Appropriations Act, S.B.C. 1982, c. 40, are repealed.

 
Sustainable Environment Fund Act

12 Section 3 of the Sustainable Environment Fund Act, S.B.C. 1990, c. 27, is repealed and the following substituted:

Object

3 The object of the fund is to provide for programs to protect and enhance the environment.

13 Section 4 (1) is amended

(a) by repealing paragraph (c), and

(b) by striking out "and" at the end of paragraph (h), by adding ", and" at the end of paragraph (i) and by adding the following paragraph:

(j) any other prescribed revenue.

14 Section 5 (1) (a.1) and (2) is repealed.

15 Section 6 is amended by renumbering it as section 6 (1) and by adding the following subsection:

(2) Without restricting the generality of subsection (1), the Lieutenant Governor in Council, on the recommendation of the Minister of Finance and Corporate Relations, may make regulations prescribing revenue for the purpose of section 4 (1) (j).

 
Tobacco Tax Act

16 Section 2 (1) of the Tobacco Tax Act, R.S.B.C. 1979, c. 404, is amended by striking out "a purchase of tobacco," and substituting "a purchase of tobacco in the form of cigars,".

17 Section 2 (1.2) is repealed and the following substituted:

(1.2) Every consumer shall, at the time of making a purchase of tobacco in the form of cigarettes, pay to Her Majesty in right of the Province a tax at the rate of 10.5 for each cigarette purchased.

18 Section 2 (1.6) to (1.9) is repealed and the following substituted:

(1.6) Every consumer shall, at the time of making a purchase of tobacco in a form other than cigars or cigarettes, pay to Her Majesty in right of the Province a tax at the rate of 8 for each gram of tobacco purchased.

 
Repeals

 
Low Interest Loan Assistance Revolving Fund Act

19 The Low Interest Loan Assistance Revolving Fund Act, S.B.C. 1985, c. 44, is repealed.

 
Privatization Benefits Fund Act

20 (1) The Privatization Benefits Fund Act, S.B.C. 1988, c. 23, is repealed.

(2) The assets and liabilities of the Privatization Benefits Fund at the end of March, 1992 become the assets and liabilities of the British Columbia Endowment Fund on April 1, 1992.

 
Transportation Capital Funding Act

21 The Transportation Capital Funding Act, S.B.C. 1990, c. 73, is repealed.

Commencement

22 (1) Sections 1, 3, 4, 6, 7 to 15 and 19 to 21 shall be deemed to have come into force at the end of March, 1992 and are retroactive to the extent necessary to give them effect on and after that time.

(2) Sections 2 and 16 to 18 shall be deemed to have come into force on March 27, 1992 and are retroactive to the extent necessary to give them effect on and after that date.

(3) A regulation made under section 11.1 (2) of the British Columbia Transit Act by the Vancouver Regional Transit Commission is not invalid only because it is made before the date on which this Act receives Royal Assent so long as the regulation is made after March 26, 1992.

(4) A regulation of the Lieutenant Governor in Council under section 11.1 (2.2) of the British Columbia Transit Act shall be deemed to have come into force on April 1, 1992 and is retroactive to the extent necessary to give it effect on and after that date.

(5) Section 5 shall be deemed to have come into force on April 1, 1992 and is retroactive to the extent necessary to give it effect on and after that date.


[ Return to: Legislative Assembly Home Page ]

Copyright © 1992: Queen's Printer, Victoria, British Columbia, Canada