Library / Page 1 of 35 MIDSTREAM PETROLEUM HOST COMMUNITIES DEVELOPMENT TRUST REGULATIONS, 2024
Page 1 of 35 MIDSTREAM PETROLEUM HOST COMMUNITIES DEVELOPMENT TRUST REGULATIONS, 2024
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Page 16 of 35 (e) social, environmental and economic needs of the community; and (f) such other needs of the host communities as the designated facility owner or licensee may determine. (5) The host communities needs assessment shall demonstrate that the licensee has complied with the provisions of section 251(3) of the Act. (6) The host communities needs assessment shall form the basis for the Host Communities Development Plan. (7) The licensee shall not later than 30 days from the completion of the host communities needs assessment prepare and submit to the Authority for approval a host communities development plan pursuant to section 252 of the Act. 21. The host communities development plan shall - (a) specify the communities development initiatives required to respond to the findings and strategy identified in the host communities needs assessment; (b) determine and specify the projects to implement the specified initiatives; (c) provide a detailed timeline for projects; (d) set out the reasons and objectives of each project as supported by the host communities needs assessment; (e) provide for ongoing review and reporting to the Authority; and (f) contain such other matters as may be prescribed by the Authority from time to time. (2) The Authority may publish a template of the host communities development plan on its website. (3) An approved host communities development plan shall not be amended without written approval of the Authority. Host Communities Development Plan 22 (1) The licensee, in consultation with the board of trustees, shall set out a fund distribution matrix for the utilisation of the fund. Fund Distribution Matrix
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