BILL 14 – 2008
TRANSPORTATION INVESTMENT (PORT MANN TWINNING) AMENDMENT ACT, 2008
HER MAJESTY, by and with the
advice and
consent of the Legislative Assembly of the Province of British
Columbia, enacts as follows:
1 Section 1
of the Transportation Investment Act, S.B.C. 2002, c. 65, is amended
(a) by
repealing the definition of "agent" and
substituting the following:
"agent",
when used in relation to the government,
(a) includes the corporation, and
(b) does not include a
concessionaire or the
billing organization or any person employed by or under contract to the
concessionaire or billing organization; ,
(b) in
the definition of "concession agreement" by
adding "or (1.1)"
after "2 (1)" in both
places,
(c) in
the definition of "concessionaire" by adding ",
and, where the context so dictates, includes the corporation"
after "as the concessionaire",
(d) by
adding the following definition:
"corporation"
means the Transportation Investment Corporation established under
section 24.2; ,
(e) by
repealing the definitions of "due date" and "excessive
toll debt" and substituting the following:
"due date"
in relation to a toll, means
(a) the day prescribed as the day
by which the toll must be paid, or
(b) if no day is prescribed as
referred to in
paragraph (a), the day established in accordance with the concession
agreement as the day by which the toll must be paid;
"excessive toll debt"
means a toll debt of not less than
(a) the amount prescribed with
respect to that toll, or
(b) if no amount is prescribed as
referred to in
paragraph (a), the amount established in accordance with the concession
agreement; ,
(f) by
adding the following definition:
"payment mechanism"
means a
preauthorized credit or debit arrangement or internet billing, e-post
or any other payment arrangement in accordance with the concession
agreement; ,
(g) in
the definition of "toll debt"
(i)
in paragraph (b) by striking out "prescribed
dispute resolution procedure" and substituting "dispute
resolution procedure referred to in section 20",
and
(ii)
in paragraph (c) by striking out "prescribed
appeal procedure" and substituting "appeal
procedure referred to in section 21", and
(h) in
the definition of "vehicle" by striking out 'as
"motor vehicle" in' and substituting 'as
"vehicle" in'.
2 Section 2
is amended
(a) by
adding the following subsection:
(1.1) The minister may, with the
approval of the
Lieutenant Governor in Council, enter into one or more agreements with
the corporation or any other person under which the minister agrees, on
behalf of the government, to the terms on which the corporation may
enter into one or more agreements under which
(a) the corporation agrees to
transfer or grant
to the person designated in the agreement as the concessionaire one or
more of the following:
(i) interests in, or rights or
obligations relating to, land that is, or is to be, part of a
concession highway;
(ii) interests in or rights to
buildings,
bridges, walls, tunnels, culverts, wires, pipes and other things used
for the construction, operation, safety, protection, servicing or
maintenance of, or to provide services to persons using, the highway
referred to in subparagraph (i);
(iii) shares in any corporation
that operates
all or any portion of the highway that is, or is to be, the concession
highway, or interests in those shares;
(iv) other interests in, or
rights or obligations relating to, the highway referred to in
subparagraph (i),
(b) the person designated in the
agreement as
the concessionaire undertakes to maintain and operate all or part of
the highway referred to in paragraph (a) (i), and
(c) the person designated in the
agreement as
the concessionaire may undertake to do one or more of develop, plan,
design, construct, expand, extend, upgrade, remove and rehabilitate all
or part of the highway referred to in paragraph (a) (i). , and
(b) in
subsection (3) by adding "or (1.1)"
after "subsection (1)".
3 Section 3
is amended
(a) by
adding "referred
to in section 2 (1) (a) to (c) and (1.1) (a) to (c), but not a
concession agreement entered into by the minister with the corporation
under section 2 (1.1)," after "A
concession agreement",
(b) by
adding "or the corporation"
after "the government"
in paragraphs (a) and (e),
(c) in
paragraph (c) by adding "by
the minister and the concessionaire, including the corporation, or any
one or more of them in accordance with the concession agreement"
after "time to time",
(d) in
paragraph (c.1) by adding the following subparagraph:
(iii) payment to the government
or any other contracting party of an amount or amounts based on
tolls, , and
(e) by
adding "or the corporation"
after "to the minister"
in paragraph (k).
4 Section 4
is amended
(a) by
renumbering the section as section 4 (1),
(b) in
subsection (1) by adding "or the corporation"
after "the minister",
and
(c) by
adding the following subsection:
(2) A concession agreement entered
into by the
minister with the corporation under section 2 (1.1) may
include
any provisions that the parties consider appropriate and, without
limiting this, any provisions set out in section 3.
5 Section 6
is amended
(a) by
adding the following subsections:
(3.1) If the minister delegates
rights, powers or
functions to the corporation under subsection (3), the corporation may,
in a concession agreement, delegate to the concessionaire any or all of
those rights, powers and functions as they relate to the concession
highway and, in that event, the concessionaire is entitled to exercise
those rights, powers or functions in relation to the concession highway
during the currency of the concession agreement, subject to any limits
or conditions imposed by the minister in relation to that delegation.
(4.1) If the minister imposes
obligations on the
corporation under subsection (4), the corporation may, in a concession
agreement, impose any or all of those obligations as they relate to the
concession highway on the concessionaire and, in that event,
(a) the corporation is relieved
from those obligations in relation to the concession highway, and
(b) the concessionaire must perform
those obligations in relation to the concession highway.
(5.1) If the minister makes a
delegation and
imposition under subsection (5) to the corporation, the
corporation must not make a further delegation or imposition to a
concessionaire unless the corporation is authorized to do so by the
Lieutenant Governor in Council. ,
(b) in
subsection (6) by adding "or (4.1)"
after "(4)" and by
adding "referred to in section 2 (1) (a) to
(c) or (1.1) (a) to (c)" after "a
concessionaire", and
(c) in
subsection (7) by striking out "subsections
(4) and (6)" and substituting "subsections
(4), (4.1) and (6)".
6 Section 8
is amended
(a) in
subsection (1) (a) by striking out ", under a
concession agreement," and substituting ",
under any concession agreement referred to in section 2 (1) or (1.1),",
(b) in
subsection (1) (d) by striking out "the
concession agreement" and substituting "any
concession agreement referred to in section 2 (1) or (1.1)",
(c) by
adding the following subsection:
(1.1) Despite any law to the
contrary and despite
any enactment, neither the corporation nor any director, officer,
employee or agent of the corporation has
(a) any duty to develop, plan,
design or
construct any portion of a concession highway that, under a concession
agreement referred to in section 2 (1.1) (a)
to (c), the
concessionaire is to construct,
(b) any duty to expand, extend,
upgrade, remove,
maintain, rehabilitate, operate, close or require the closure of a
concession highway,
(c) any duty to instruct or
supervise a concessionaire or the billing organization, and
(d) any duty of care with respect
to any
development, planning, design, construction, expansion, extension,
upgrading, removal, maintenance, rehabilitation, operation or closure
of, or any other activity in relation to, a concession highway that,
after any concession agreement referred to in section 2 (1.1)
(a)
to (c) takes effect, is
(i) done by any person other
than the corporation, or any director, officer, employee or agent of
the corporation, or
(ii) omitted to be
done. ,
(d) in
subsection (2) by striking out "the
concession agreement" and substituting "any
concession agreement referred to in subsection (1)",
(e) by
adding the following subsection:
(2.1) Without limiting subsection
(1.1), neither
the corporation nor any director, officer, employee or agent of the
corporation has any liability arising by operation of law in relation
to anything done or omitted to be done on or in relation to the
concession highway after any concession agreement referred to in
subsection (1.1) takes effect, including, without limiting
this,
any liability in an action based on
(a) nuisance,
(b) the rule in Rylands v.
Fletcher, or
(c) non-delegable duty. ,
(f)
subsection (3) is amended
(i)
by striking out "the concession agreement"
and substituting "any concession agreement
referred to in section 2 (1) or (1.1),",
(ii)
by adding "by the government or by the
corporation, as the case may be," after "without
limiting this, the failure",
(iii)
by striking out "terminate the
concession agreement" and substituting "terminate
any concession agreement", and
(iv)
by striking out "under the concession
agreement" and substituting "under
any concession agreement", and
(g)
the following subsection is added:
(3.1) Subject to subsection (4), no
legal
proceeding for damages or compensation of any kind lies or may be
commenced or maintained against the corporation or any director,
officer, employee or agent of the corporation, in respect of the
failure by the corporation or any director, officer, employee or agent
of the corporation, to take any action in connection with a concession
agreement referred to in section 2 (1.1) (a) to (c), or in
connection with or against the concessionaire or the billing
organization, including, without limiting this, the failure to take any
action to terminate the concession agreement or any or all of the
interests, rights, powers, permits, approvals and authorizations
transferred or granted under the concession agreement, if the
concessionaire or billing organization breaches any provision of this
Act, the regulations, the concession agreement or any other agreement
to which the corporation is a party.
(h) in
subsection (4) by adding ", or the
corporation or any director, officer, employee or agent of the
corporation," after "of
the government",
(i) in
subsection (5) by adding ", or the
corporation or any director, officer, employee or agent of the
corporation," after "of
the government" wherever it appears,
(j) in
subsection (7) by adding ", the corporation"
after "the government"
and by adding "or any other agreement"
after "concession agreement",
and
(k) by
adding the following subsection:
(8) Nothing in this section limits
the power, capacity and authority of the government under section 72 of
the Financial Administration Act and the
regulations under that section.
7 Section
10 is amended
(a) in
subsection (1) (a) by adding "or,
in relation to a concession agreement granted by the corporation under
section 2 (1.1), all of the interests, rights and shares transferred or
granted to the concessionaire vest in the corporation"
after "vest in the government",
and
(b) in
subsection (2) by adding "or the corporation"
after "prevents the government"
and after "vest in
the government".
8 Section
16 is repealed and the following is substituted:
Tolls
16
(1) If a
concession agreement authorizes the charging of tolls, the following
may occur in the manner and to the extent provided by the concession
agreement:
(a) tolls may be charged for
vehicular use of the concession highway, which tolls may differ in
relation to
(i) the class of user of the
concession
highway or the class of vehicle to which the vehicle using the
concession highway belongs,
(ii) the ownership, type,
character, size, weight, number of axles or accessories of the vehicle
using the concession highway,
(iii) the nature, extent, date
or time of that use,
(iv) whether a toll device is
detected, or
not detected, in or on the vehicle, or whether the vehicle is
identified by another method of vehicle information capture,
(v) the time and manner of
payment of tolls, and
(vi) any other criteria
prescribed by regulation or as provided for in accordance with a
concession agreement;
(b) tolls may be set and varied
from time to time;
(c) interest and other charges may
be charged in relation to tolls that are not paid by their due date.
(2) The rate of interest that may be
charged on a
toll that is not paid by its due date, and the amount of any other
charge related to a toll or its collection, must not exceed
(a) the rate and amount set by the
regulations, or
(b) if no rate or amount is set by
the
regulations, the rate or amount established in accordance with the
terms of the concession agreement.
9 Section
17 is amended
(a) by
repealing subsection (1) (a) and substituting the following paragraph:
(a) if a toll reader detects a toll
device in or
on the vehicle and there is, in relation to that toll device, an
account or other payment mechanism established with the concessionaire
or the billing organization that is either in good standing or in which
there are sufficient funds to pay the required toll, be deducted from
that account or charged in accordance with that other payment
mechanism, ,
(b) by
repealing subsection (1) (d) and substituting the following:
(d) if a toll reader for the
concession highway does not detect a toll device in or on the vehicle,
(i) if there is, in relation to
that vehicle,
an account established with the concessionaire or the billing
organization in which there are sufficient funds to pay the required
toll, be deducted from that account,
(ii) if there is, in relation to
that
vehicle, a preauthorized credit, debit or other payment mechanism,
including internet e-billing, e-post or equivalent, be invoiced to the
person in accordance with the preauthorized credit, debit or other
payment mechanism, or
(iii) in any other case, be
invoiced to the person to whom the number plate on the vehicle was
issued, ,
(c) in
subsection (2) by striking out "(1), (b), (c)
or (d)" and substituting "(1),
(b), (c) or (d) (iii)",
(d) in
subsection (2) (a) by striking out "prescribed
dispute resolution procedure" and substituting "dispute
resolution procedure referred to in section 20",
and
(e) in
subsection (2) (b) by striking out "prescribed
appeal procedure" and substituting "appeal
procedure referred to in section 21".
10 Section
18 is amended by renumbering the section as section 18 (1) and by
adding the following subsections:
(2) Despite subsection (1), the
concessionaire
need not issue an invoice if the person to whom an invoice for the toll
is to be issued has established a payment mechanism with the
concessionaire or billing organization.
(3) The concessionaire must, on
request of a
person referred to in subsection (2), issue to that person an
invoice indicating payment and containing the information specified in
subsection (1).
11 Section
19 (1) is amended by adding the following paragraph:
(c) any other person, class of
person, vehicle,
or class of vehicle, to the extent that the regulations provide that
person, vehicle or class with an exemption from paying the toll.
12 Section
20 is repealed and the following substituted:
Dispute resolution
20
A person who
has received an invoice for a toll in relation to a concession highway
may, on one or more of the grounds referred to in section 19,
dispute that person's liability for the toll and for any related
interest or other charges
(a) in accordance with the dispute
resolution procedure prescribed for the concession highway, or
(b) if no dispute resolution
procedure has been
prescribed as referred to in paragraph (a) for the concession
highway, in accordance with the dispute resolution procedure
established in accordance with the concession agreement for the highway.
13 Section
21 is amended
(a) by
repealing subsection (1) and substituting the following:
(1) A person who has disputed the
person's
liability for a toll in accordance with the dispute resolution
procedure referred to in section 20 and who is not satisfied with the
outcome of that procedure may, on one or more of the grounds referred
to in section 19, appeal the person's liability for that toll
to
an arbitrator
(a) in accordance with the appeal
procedure prescribed for the concession highway, or
(b) if no appeal procedure has been
prescribed
as referred to in paragraph (a) for the concession highway, in
accordance with the appeal procedure established in accordance with the
concession agreement for the highway. , and
(b) in
subsection (3) by striking out "prescribed
appeal procedure" and substituting "appeal
procedure referred to in subsection (1)".
14 Section
22 (2) is amended by adding "or charged"
after "is debited".
15 Section
23 (1) is amended by adding "suspend or"
before "cancel".
16 The
following Part is added:
Part 4.1 — Transportation
Investment Corporation
Definitions
24.1
In this Act:
"board"
means the board of directors of the corporation constituted under
section 24.3;
"chief executive
officer" means the person appointed under section 24.35;
"director"
means a member of the board appointed by the Lieutenant Governor in
Council under section 24.3 (2);
"senior officer"
means the chief
executive officer and any officer of the corporation who performs a
policy-making function in respect of the corporation and has the
capacity to influence the direction of the corporation.
Division 1 —
Establishment, Purposes and Powers of the Corporation
Transportation Investment Corporation established as
corporation
24.2
(1) The
Transportation Investment Corporation is established as a corporation
consisting of a board of directors appointed under
section 24.3.
(2) The capital of the corporation
is one share with a par value of $100.
(3) The share in the corporation
must be issued
to and registered in the name of the minister and must be held by that
minister on behalf of the government.
Agent of the government
24.21
(1) The corporation is for all purposes an agent of
the government.
(2) The corporation, as an agent of
the
government, is not liable to taxation, except to the extent that the
government is liable and has the same immunities and exemptions in
relation to property of the corporation and the use or development of
land or in the planning, construction, alteration, servicing,
maintenance or use of improvements, as defined in the Assessment
Act, as the government has in relation to these matters.
Purposes of the corporation
24.22
The purposes of the corporation are to
engage in and conduct businesses related to
(a) delivering, managing,
operating, tolling or
funding transportation projects, including projects described in a
concession agreement, and
(b) such other things as the
Lieutenant Governor in Council may authorize.
Capacity and powers
24.23
(1)
Subject to this Act and the regulations, the corporation has the power
and capacity of an individual of full capacity.
(2) Without limiting subsection (1)
but subject
to this Act and the regulations, the corporation has the power and
capacity to do one or more of the following:
(a) acquire, construct, hold or
improve
transportation infrastructure or cause it to be acquired, constructed,
held or improved;
(b) acquire, hold or dispose of
land, including interest in land;
(c) with the approval of the
Minister of Finance, borrow money;
(d) with the approval of the
minister, enter
into agreements with the government of Canada, the government of
another province or territory within Canada or the government of a
jurisdiction outside Canada, or with an agency, department or official
of any of those governments;
(e) with the approval of the
minister, acquire or create a subsidiary, as defined in the Business
Corporations Act, to carry out the purposes of the
corporation;
(f) do such other things and have
such powers and capacities as the Lieutenant Governor in Council may
authorize;
(g) with the approval of the
Lieutenant Governor
in Council, enter into one or more agreements under section 2 (1.1) (a)
to (c).
(3) With the prior approval of the
Lieutenant
Governor in Council, the corporation may in any year pay to a
municipality in which it has property a grant not greater than the
amount that would be payable as taxes on the property in that year if
the property were not exempt from taxation by the municipality.
(4) If directed to do so by the
Lieutenant
Governor in Council, the corporation must pay to a municipality in
which it has property a grant not greater than the amount that would be
payable as taxes on the property in that year as if the property were
not exempt from taxation by the municipality.
Division 2 —
Governance of the Corporation
Board of directors
24.3
(1) The corporation is to be managed by a
board of directors.
(2) The board is to consist of no
more than 7 directors appointed by the Lieutenant Governor in Council.
(3) The chair of the board is a
director who
(a) is designated in writing as
chair by the minister, or
(b) is appointed by the board under
the bylaws of the corporation if a chair is not designated under
paragraph (a).
(4) The board must elect a vice
chair from among the directors.
Term of office and reappointment
24.31
A person may be appointed as a director
for a term of up to 3 years and may be reappointed for additional terms.
Board remuneration and expenses
24.32
The corporation may pay to a director
remuneration and expense allowances at rates set by the minister.
Meetings and quorum
24.33
(1) The board must meet at least 4 times a
year.
(2) The chair is to preside at all
meetings of the board but, in the absence of the chair, the vice chair
must preside.
(3) In the absence of the chair and
the vice
chair, the directors who are present must designate one of those
present to preside.
(4) A majority of the directors
holding office constitutes a quorum at meetings of the board.
(5) The affirmative votes of the
majority of the
directors present at a meeting of the board at which a quorum is
present are sufficient to pass a resolution or bylaw of the corporation.
(6) A director may participate in,
and vote at, a meeting of the board
(a) in person, or
(b) by telephone or other
communications medium
if all directors participating in the meeting, whether by telephone, by
other communications medium or in person, are able to communicate with
each other.
(7) A director who participates in a
meeting in a
manner contemplated by subsection (6) (b) is deemed
to be
present in person at the meeting.
(8) A resolution in writing, signed
by all the
directors and placed with the minutes of the directors, is as valid and
effective as if regularly passed at a meeting of directors.
Duties and powers of the board
24.34
(1) The
board has a fiduciary duty to act in the best interests of the
corporation and must manage the affairs of the corporation or supervise
the management of those affairs and
(a) may exercise the powers
conferred on it under this Act,
(b) may exercise the powers of the
corporation on behalf of the corporation, and
(c) must supervise the delegation
of any of its powers or duties.
(2) The board may pass the
resolutions or bylaws
it considers necessary or advisable for the management and conduct of
the affairs of the corporation and the exercise of the powers and
duties of the board.
(3) Without limiting subsection (2)
but subject
to section 24.33, the board may pass resolutions or bylaws respecting
the calling and holding of meetings of the directors and the procedures
to be followed at the meetings.
(4) The board may establish
committees of the board to assist the board.
(5) For the purposes of subsections
(1) and (2),
the board may, by resolution or bylaw, delegate any power or duty of
the board or the corporation except
(a) the power to establish
committees of the board,
(b) the power to pass resolutions
or bylaws respecting the procedures to be followed at board meetings,
and
(c) the power to delegate.
Chief executive officer
24.35
(1) The board must appoint a person as the
chief executive officer of the corporation.
(2) The board may determine the
remuneration and
the terms and conditions of employment of the chief executive officer
of the corporation.
(3) The chief executive officer is
responsible
for general supervision and direction of the operations of the
corporation and its staff and must carry out those functions and
perform those duties that are specified in the resolutions of the board.
Officers and employees
24.36
The
chief executive officer may appoint those officers and employees of the
corporation that are necessary to carry on the business and operations
of the corporation and may define their duties.
Division 3 — Financial
Administration
Investment powers
24.4
The
corporation may invest money that belongs to it and is available for
investment, but the investment may be made only as permitted under the
provisions of the Trustee Act respecting the
investment of trust property by a trustee.
Limitation on deficits
24.41
The
corporation must not, without the prior approval of the Minister of
Finance and the minister, incur or budget for a deficit for a fiscal
year, as determined in accordance with generally accepted accounting
principles.
Financial administration
24.42
(1) The
corporation must establish and maintain an accounting system
satisfactory to the Minister of Finance and must, whenever required by
that minister, render detailed accounts of its revenues and
expenditures for the period or to the date that minister designates.
(2) The corporation must prepare
financial statements in accordance with generally accepted accounting
principles.
(3) All books or records of account,
documents
and other financial records must at all times be open for inspection
by, or by a person designated by, the minister responsible for the
administration of this Act.
(4) The Minister of Finance may
direct the
Comptroller General to report to Treasury Board on any aspect of the
financial administration of the corporation.
(5) Unless the Auditor General is
appointed in accordance with the Auditor General Act as
the auditor of the corporation, the corporation must appoint an auditor
to audit the accounts of the corporation at least once each year.
(6) The fiscal year of the
corporation begins on April 1 in each year and ends on
March 31 in the following year.
(7) The Minister of Finance is the
fiscal agent of the corporation.
Corporation revenue
24.43
Money received by the corporation from any
source may be retained by it to be used and dealt with for its purposes.
Directives
24.44
The
Lieutenant Governor in Council may issue directives directing the
corporation in a fiscal year or subsequent fiscal years to pay to the
government an amount specified in the directive.
Division 4 — Conflict
of Interest
Disclosure of interest
24.5
(1)
Every director or senior officer of the corporation who in any way,
directly or indirectly, is interested in a proposed contract or
transaction with the corporation must disclose the fact and the nature
and extent of that interest at a meeting of the directors.
(2) The disclosure required by
subsection (1) must be made
(a) at the meeting at which a
proposed contract or transaction is first considered,
(b) if the director or senior
officer was not,
at the time of the meeting referred to in paragraph (a),
interested in a proposed contract or transaction, at the first meeting
after he or she becomes interested, or
(c) at the first meeting after the
relevant facts come to the knowledge of the director or senior officer.
(3) For the purposes of this
section, a general
notice in writing given by a director or senior officer of the
corporation to the directors of the corporation to the effect that
(a) he or she is a member, director
or officer
of a specified corporate body or is a partner in, or owner of, a
specified firm, and
(b) he or she has an interest in
the specified corporate body or firm,
is a sufficient disclosure of
interest to comply with this section.
(4) A director or senior officer of
the
corporation is not deemed to be interested or to have been interested
at any time in a proposed contract or transaction solely as a result of
any of the following circumstances:
(a) a proposed contract or
transaction relates
to a loan to the corporation, and he or she or a specified corporate
body or specified firm in which he or she has an interest has
guaranteed or joined in guaranteeing the repayment of the loan or any
part of the loan;
(b) a proposed contract or
transaction has been
or will be made with or for the benefit of a corporate body affiliated
to the corporation, and he or she is a director or officer of that
corporate body;
(c) a proposed contract or
transaction relates to an indemnity of the type described in Division 5
of Part 5 of the Business Corporations Act, or to
insurance of the type described in section 165 of that Act;
(d) a proposed contract or
transaction relates
to the remuneration of a director or senior officer in his or her
capacity as a director or senior officer.
(5) For the purposes of subsection
(4), in
determining whether a corporate body is affiliated with the
corporation, the definition of "affiliate" in
section 1 (1)
of the Business Corporations Act applies and
section 2 of that Act applies.
Accounting for profit
24.51
(1)
Every director or senior officer referred to in section 24.5 (1) must
account to the corporation for any profit made as a consequence of the
corporation entering into or performing the proposed contract or
transaction
(a) unless
(i) he or she discloses his or
her interest as required by section 24.5,
(ii) after his or her disclosure
the proposed contract or transaction is approved by the directors, and
(iii) if a director, he or she
abstains from voting on the approval of the proposed contract or
transaction, or
(b) unless
(i) the contract or transaction
was reasonable and fair to the corporation at the time it was entered
into,
(ii) after disclosure of the
nature and
extent of his or her interest the contract or transaction is approved
by resolution of the corporation, and
(iii) if a director, he or she
abstains from voting on the approval of the proposed contract or
transaction.
(2) A director referred to in
section 24.5 (1)
must not be counted in the quorum at a meeting of the directors at
which the proposed contract or transaction is approved.
Validity
24.52
If a
director or senior officer is in any way, directly or indirectly,
interested in a contract or transaction, or a proposed contract or
transaction, with the corporation, that interest does not invalidate
the contract or transaction, but, if the conditions referred to in
section 24.51 (1) (a) or (b) have
not been met, the
Supreme Court, on the application of the government, of the corporation
or of any interested person, may
(a) enjoin the corporation from
entering into the proposed contract or transaction,
(b) set aside the contract or
transaction, if in existence, or
(c) make any other order that the
Supreme Court considers appropriate.
Disclosure of conflict of office or property
24.53
(1)
Every director or senior officer of the corporation who holds any
office, or possesses any property, which, directly or indirectly, might
create a duty or interest in conflict with his or her duty or interest
as a director or senior officer of the corporation must disclose the
fact and the nature and extent of the conflict at a meeting of the
directors of the corporation.
(2) The disclosure must be made by a
director or
senior officer referred to in subsection (1) at the first
meeting
of the directors held
(a) after he or she becomes a
director or a senior officer, or
(b) if he or she is already a
director or a senior officer, after he or she takes office or acquires
the property.
Division 5 — General
Application of the Business
Corporations Act
24.6
(1) Subject to subsection (2), the Business
Corporations Act does not apply to the corporation.
(2) The Lieutenant Governor in
Council may, by order, declare that certain provisions of the Business
Corporations Act apply to the corporation.
Application of the Document
Disposal Act
24.61
The Document Disposal Act
applies to the corporation and, for the purposes of that Act, the
corporation is a ministerial office.
Liability
24.62
(1)
Subject to subsections (2) and (3), no action for damages lies or may
be brought against a director or the chief executive officer or any
other officer or employee of the corporation because of anything done
or omitted to be done
(a) in the exercise or intended
exercise of any power under this Act, or
(b) in the performance or intended
performance of any function or duty under this Act.
(2) Subsection (1) does not apply to
a person
referred to in that subsection in relation to anything done or omitted
by that person in bad faith.
(3) Subsection (1) does not absolve
the
corporation from vicarious liability arising out of an act or omission
by a person referred to in that subsection for which the corporation
would be vicariously liable if this section were not in force.
(4) Nothing in this section is to be
interpreted as a limitation on section 6 or 8.
17 The
following section is added:
Concessionaires' websites
25.1
(1) The
concessionaire under a concession agreement referred to in section 2
(1.1) (a) to (c) must establish and maintain a website that is
accessible by the public without charge.
(2) A website established under this
section must include the information specified in section 27 (2) (a) to
(c) of the Freedom of Information and Protection of Privacy
Act, and must also contain information relating to the
following:
(a) tolls payable, including the
structure and calculation of tolls payable;
(b) the amounts that constitute
toll debts and
excessive toll debts as those terms are defined in section 1, including
the structure and calculation of those debts and their due dates;
(c) interest rates and other
charges and fees,
including when interest and other charges and fees will be applied and
how they will be calculated and varied;
(d) the dispute resolution
procedure referred to in section 20;
(e) the appeal procedure referred
to in section 21;
(f) the available payment
mechanisms, including registration and account maintenance;
(g) any other matters that are
prescribed or required in accordance with the concession agreement.
18 Section
28 is amended by adding the following subsections:
(3) The Lieutenant Governor in
Council may make
regulations the Lieutenant Governor in Council considers necessary or
advisable for
(a) meeting or removing any
difficulty arising out of amendments to this Act made by the Transportation
Investment (Port Mann Twinning) Amendment Act, 2008,
including, without limitation, disapplying or varying any provision of
this Act, and
(b) resolving any errors,
inconsistencies or
ambiguities that arise in, or in relation to, another enactment
affected by this Act.
(4) A regulation made under
subsection (3) may be
made retroactive to a date not earlier than the date this section comes
into force.
(5) This subsection and subsections
(3) and (4), and any regulations made under them, are repealed on
December 31, 2009.
Consequential
Amendments
Financial Information Act
19 Schedule
2 of the Financial Information Act, R.S.B.C. 1996, c. 140, is amended
by adding "Transportation Investment
Corporation".
Freedom
of Information and
Protection of Privacy Act
20 Schedule
2 of the Freedom of
Information and Protection of Privacy Act, R.S.B.C. 1996, c.
165,
is amended by adding the following:
Public Body: |
Transportation Investment Corporation |
Head: |
Chair of the Board of Directors . |
Commencement
21
This Act comes into force by regulation of the Lieutenant Governor in
Council.