O. Reg. 610/99: DISSOLUTION OF THE FUND FOR EGG PRODUCERS

Farm Products Payments Act
Loi sur le recouvrement du prix des produits agricoles

ONTARIO REGULATION 610/99

DISSOLUTION OF THE FUND FOR EGG PRODUCERS

Note: This Regulation was revoked on July 1, 2010. See: O. Reg. 172/10, ss. 1, 2.

Last amendment: O. Reg. 172/10.

This Regulation is made in English only.

1. (1) The Fund for Egg Producers is hereby dissolved. O. Reg. 610/99, s. 1 (1).

(2) The Egg Fund Board (constituted under Regulation 444 of the Revised Regulations of Ontario, 1990) shall use the balance of the money remaining in the Fund,

(a) to pay the sum of $2 million to Ontario Egg Financial Protection Plan Inc. on condition that Ontario Egg Financial Protection Plan Inc. operate a financial protection program for egg producers in accordance with an agreement that the Minister of Agriculture, Food and Rural Affairs, Ontario Egg Financial Protection Plan Inc. and Ontario Egg Producers shall conclude for the purpose of this clause;

(b) to pay its own expenses in dissolving the Fund; and

(c) to transfer the remaining balance of the money to Ontario Egg Producers on condition that Ontario Egg Producers use it in accordance with an agreement that the Minister of Agriculture, Food and Rural Affairs, Ontario Egg Producers and Ontario Egg Financial Protection Plan Inc. shall conclude for the purpose of this clause. O. Reg. 610/99, s. 1 (2).

2. The Board shall submit to the Minister a complete statement showing,

(a) the disposition of the balance remaining in the Fund upon its dissolution; and

(b) the amounts to which the Board is entitled under the Act upon the dissolution of the Fund. O. Reg. 610/99, s. 2.