BILL NO. 46
1st Session, 60th General Assembly
55 Elizabeth II, 2006
Private Member's Bill
Energy Resources Conservation Act
First Reading: July 10, 2006
Clause 1 amends the Energy Resources Conservation Act to require the Government to make available interest-free loans for energy-efficiency retrofitting of private homes and eligible small businesses.
Clause 2 adds regulation-making authority respecting the eligibility of small businesses for loans and prescribing loan re-payment terms.
An Act to Amend Chapter 147
Be it enacted by the Governor and Assembly as follows:
1 Chapter 147 of the Revised Statutes, 1989, the Energy Resources Conservation Act, is amended by adding immediately after Section 12, the following Section:
of the Revised Statutes, 1989,
the Energy Resources Conservation Act
13 (1) Subject to subsection (2), the Government of the Province shall, on or before July 1, 2006, make available interest-free loans
(a) to a maximum of ten thousand dollars per recipient for the purpose of facilitating energy-efficiency retrofitting of private homes; and
(b) to a maximum of twenty-five thousand dollars per recipient for the purpose of facilitating energy-efficiency retrofitting of eligible small businesses,
upon such re-payment terms as the Governor in Council prescribes.
(2) The moneys required for the purpose of subsection (1) shall be paid out of moneys appropriated by the Legislature for that purpose.
2 Subsection 29(1) of Chapter 147, as amended by Chapter 15 of the Acts of 2001, is further amended by adding immediately before clause (g) the following clauses:
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