Marginal note:Short title

1. This Act may be cited as the Regional Development Incentives Act.

Marginal note:Definitions

2. In this Act

“applicant”

« requérant »

“applicant” means an applicant for a development incentive or an applicant for a loan guarantee under this Act;

“approved capital costs”

« coût d’immobilisation approuvé »

“approved capital costs” means the capital costs, as determined by the Minister, of

• (a) establishing, expanding or modernizing a facility in respect of which a development incentive is authorized or a loan guarantee is authorized under this Act, or

• (b) establishing a commercial facility in respect of which a loan guarantee is authorized under this Act;

“capital to be employed in the operation”

« capital affecté à l’entreprise »

“capital to be employed in the operation” means, in relation to the establishment or expansion of a facility, the aggregate of

• (a) the approved capital costs,

• (b) the value, as accepted by the Minister, of the fixed assets that are to be employed in the operation and that are not included in the approved capital costs, and

• (c) such amount in respect of the working capital required for the purposes of the operation as is approved by the Minister;

“commercial facility”

« établissement commercial »

“commercial facility” means the structures, machinery and equipment that constitute the necessary components of a commercial operation;

“designated region”

« région désignée »

“designated region” means a region designated pursuant to section 3;

“development incentive”

« subvention au développement »

“development incentive” means a primary development incentive, a secondary development incentive or a special development incentive described in section 4;

“facility”

« établissement »

“facility” means the structures, machinery and equipment that constitute the necessary components of a manufacturing or processing operation, other than an initial processing operation in a resource-based industry;

“Minister”

« ministre »

“Minister”, in relation to any class of matters to which this Act extends in any province or region of a province, means such member of the Queen’s Privy Council for Canada as is designated by the Governor in Council as the Minister for the purposes of this Act in relation to that class of matters in that province or region of a province;

“operation”

« entreprise »

“operation” means,

• (a) in relation to a facility, the manufacturing or processing operation of which the facility constitutes the necessary components, and

• (b) in relation to a commercial facility, the commercial undertaking of which the commercial facility constitutes the necessary components;

“total capital costs”

« coût d’immobilisation total »

“total capital costs” means

• (a) the approved capital costs,

• (b) the value, as accepted by the Minister, of the fixed assets that are to be employed in the operation and that are not included in the approved capital costs, and

• (c) the value, as accepted by the Minister, of the capitalized expenses incurred in bringing a new facility or commercial facility into commercial production or operation or in bringing an expanded or modernized facility into commercial production.