Dedicated Funding for Public Transportation Act, 2013, S.O. 2013, c. 2, Sched. 3

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Dedicated Funding for Public Transportation Act, 2013

S.O. 2013, CHAPTER 2
SCHEDULE 3

Consolidation Period: From June 21, 2013 to the e-Laws currency date.

No amendments.

Dedicated portion of gasoline tax

1. (1) A portion of the tax that is paid to Ontario under the Gasoline Tax Act in each fiscal year is dedicated to the provision of grants to municipalities for public transportation. 2013, c. 2, Sched. 3, s. 1 (1).

Amount

(2) The portion of the tax that is dedicated to that purpose in each fiscal year that begins on or after April 1, 2013 is the amount determined using the formula,

2 cents × A/B

in which,

“A” is the total revenue from gasoline tax for the previous fiscal year as reported in the Public Accounts, and

“B” is the tax rate per litre of gasoline that is specified in clause 2 (1) (b) of the Gasoline Tax Act.

2013, c. 2, Sched. 3, s. 1 (2).

Special purpose

(3) For the purposes of the Financial Administration Act, the amount described in subsection (2) is deemed to be money paid to Ontario for the special purpose set out in subsection (1). 2013, c. 2, Sched. 3, s. 1 (3).

Authority for grants

(4) The grants referred to in subsection (1) may be provided by the Minister of Transportation under subsection 118 (2) of the Public Transportation and Highway Improvement Act. 2013, c. 2, Sched. 3, s. 1 (4).

2. Omitted (provides for coming into force of provisions of this Act). 2013, c. 2, Sched. 3, s. 2.

3. Omitted (enacts short title of this Act). 2013, c. 2, Sched. 3, s. 3.

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