Extension to GTF Expenditure Deadline in the Works

The Hon. Denis Lebel, federal Minister of Transport, Infrastructure and Communities, has signed an amendment to extend the deadline for expenditures under the current Gas Tax Agreement to December 31, 2018.  
 
The amendment agreement will take effect pending the approval and signatures of UBCM President Mary Sjostrom and the Hon. Bill Bennett, Minister of Community, Sport and Cultural Development.
 
Working through the Gas Tax Fund's Partnership Committee, UBCM raised the need for an amendment to the current March 31, 2015 spending deadline to ensure local governments have sufficient time to complete larger-scale projects slated to begin during the 2013 construction season.
 
The proposed extension of the spending deadline also includes a requirement that all projects approved for funding under the Strategic Priorities Fund and Innovations Fund be complete by September 30, 2018.
 
 
The Substitutions in the Amendment Agreement are as follows:
 
A. Substitutions

1. Section 9.1 is revoked and replaced by the following:
   
9.1    This Agreement shall commence on September 19, 2005 and shall expire on March 31,2019.

2. Section 11.2 is revoked and replaced by the following:

11.2     Survival

All rights and obligations which, expressly or by necessary implication, are required or might reasonably be expected to survive the expiration or termination of this Agreement shall continue to be in effect notwithstanding the expiration or termination of this Agreement until such time as the Parties may mutually agree to the release of the obligations contained therein or until they expire by their nature. Without in any way limiting the generality of the foregoing, it is expressly agreed that Sections 3.3.2 (i), (ii), (iii), (v), (vii), (viii), (ix) and (x), 4.1, 4.2, 5.4, 5.5, 6, 6.6, 6.7, 7.1, 7.2, 7.3, 8.1, 8.4, 10, 11.4, and Schedule C shall survive the expiration or early termination of this Agreement.

3. Subsection 1.1) of Schedule C is revoked and replaced by:

1.1) expend all Funds by December 31, 2018 and complete all projects approved for funding under the Strategic Priorities Fund and Innovations Fund by September 30, 2018.

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