Alberta Indigenous Opportunities Corporation Regulation

(Consolidated up to 188/2024) alberta regulation 162/2019 Alberta Indigenous Opportunities Corporation Act ALBERTA INDIGENOUS OPPORTUNITIES CORPORATION REGULATION Exercising powers under section 2(6) of Act 1 (1) The Corporation may only exercise the powers under section 2(6) of the Act if one or more indigenous groups are investing a total of at least $20 000 000 in (a) a specific authorized natural resource project or related infrastructure, or (b) any other specific authorized project or related infrastructure that fall within the mandate of the Corporation for the purposes of the Act. (2) For the purposes of subsection (1), the amount of any direct investment by the Corporation in an authorized natural resource project, any other authorized project or related infrastructure, as the case may be, shall be considered to be and shall be calculated as part of the total amount of indigenous group investment in that project or related infrastructure, as the case may be. AR 11/2022 s2 Grants and contributions 2 (1) The Corporation may, in carrying out the Corporation’s mandate, only make a grant or contribution in accordance with a grant program established by the Corporation and approved by the Minister. (2) The Corporation shall not make a grant or contribution for the purpose of providing funds to purchase or invest in an authorized natural resource project, any other authorized project or related infrastructure, as the case may be. AR 11/2022 s3 Indemnities 2.1 The Corporation may, under section 9(3)(b) of the Act, provide indemnities in writing of the type that the Crown may provide under section 71(1)(a), (b) or (d) of the Financial Administration Act . AR 19/2021 s2 Expiry 3 For the purposes of ensuring that this Regulation is reviewed for ongoing relevancy and necessity, with the option that it may be repassed in its present or an amended form following a review, this Regulation expires on November 30, 2034. AR 162/2019 s3;188/2024