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Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act

Version of section 101 from 2002-12-31 to 2016-02-26:

Marginal note:Remittance to Receiver General

  •  (1) All royalties, interest and penalties payable under section 99, including the proceeds of any royalty payable in kind, shall be made payable and remitted to the Receiver General.

  • Marginal note:Consolidated Revenue Fund

    (2) On the collection or receipt of any royalties, interest and penalties by the Board pursuant to this section, the royalties shall be deposited as soon as practicable to the credit of the Receiver General and paid into the Consolidated Revenue Fund in the manner prescribed by the Treasury Board under the Financial Administration Act.

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