Research Nova Scotia Corporation Funding Regulations
made under Section 34 of the
Research Nova Scotia Corporation Act
S.N.S. 2018, c. 6
O.I.C. 2018-317 (effective December 4, 2018), N.S. Reg. 212/2018
Table of Contents
Please note: this table of contents is provided for convenience of reference and does not form part of the regulations.
Click here to go to the text of the regulations.
Citation
Definition
Prescribed areas of research
Semi-annual report to Minister
Annual report to Minister
Citation
1 These regulations may be cited as the Research Nova Scotia Corporation Funding
Regulations.
Definition
2 In these regulations,
“Act” means the Research Nova Scotia Corporation Act;
“reporting period” means the 6-month period from April 1 to September 30 or
from October 1 to March 31 in each fiscal year, as the context requires.
Prescribed areas of research
3 (1) For the purposes of the objects of the Board in Section 7 of the Act, any research
that produces opportunities and outcomes to advance either of the following key
priorities is prescribed as research that the Board is to support, organize and co-ordinate funding for:
(a) supporting the Inclusive Economic Growth pillar of the Province’s strategic
plan, including research activities that support any of the following:
(i) strategic sector growth,
(ii) export growth,
(iii) employment creation and attachment,
(iv) population growth,
(v) economic participation and benefit;
(b) supporting a healthy population and a strong health-care system in Nova
Scotia, including research activities that support any of the following:
(i) health innovation,
(ii) mental health,
(iii) continuing care,
(iv) accessible health services,
(v) well-being of citizens.
(2) In addition to the activities referred to in subsection (1), in carrying out its objects
the Board must develop and implement a strategy for
(a) increasing research capacity in Nova Scotia; and
(b) developing a strategic approach to support the Nova Scotia research
community and align funded research activity with Provincial priorities.
Semi-annual report to Minister
4 (1) In this Section,
“semi-annual report” means a report to be submitted by the Corporation to the
Minister every 6 months as required by Section 8 of the Act.
(2) A semi-annual report must be submitted to the Minister no later than
(a) May 31 in each year, for the reporting period ending March 31 in that year;
and
(b) November 30 in each year, for the reporting period ending September 30 in
that year.
(3) The first semi-annual report must be submitted no later than November 30, 2019,
for the reporting period ending September 30, 2019.
(4) A semi-annual report must be in a form acceptable to the Minister and must
include all of the following:
(a) a current list of the Board of Directors;
(b) a description of the impacts of the Corporation’s ongoing research projects
in Nova Scotia;
(c) details of each funding application approved by the Corporation during the
reporting period, including all of the following information on each research
project:
(i) the name of the lead applicant,
(ii) the name of the lead institution or organization,
(iii) the name of the project,
(iv) the amount of funding approved,
(v) the research sector,
(vi) the estimated number of jobs in Nova Scotia that will be supported
by the funding awarded to the project,
(vii) the estimated number of training opportunities for students and others
in Nova Scotia that will be supported by the funding awarded to the
project,
(viii) information about any funding that the project received from other
sources, including all of the following:
(A) the name of each source,
(B) the amount received from each source and whether it was in
the form of cash or an in-kind contribution,
(C) details of any in-kind contribution.
(5) The financial forecast provided as part of a semi-annual report must include all of
the following:
(a) the current balance in the Fund and the amount anticipated to be paid from
the Fund over the next 6 months;
(b) the amount spent on operations during [the] reporting period and the
amount anticipated to be spent on operations over the next 6 months.
(6) In addition to the requirements listed in subsection (5), the semi-annual report for
the reporting period ending September 30 of each fiscal year must include all of
the following:
(a) a proposed budget for the next fiscal year;
(b) an updated 3-year operating plan;
(c) an updated 5-year capital plan, if one has been produced by the Corporation.
Annual report to Minister
5 On or before June 1 of each year, the Corporation must submit a report to the Minister
that includes all of the following with respect to the immediately preceding fiscal year:
(a) the auditor’s report required by Section 24 of the Act;
(b) a narrative of the Corporation’s activities during the fiscal year;
(c) an evaluation of the Corporation’s activities based on performance measures
established by the Board, and confirmation of compliance with standards
adopted by the Board.
The following regulations are not yet in force and are
not included in the current consolidation: