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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PETROLEUM INDUSTRY ACT, NO. 6, 2021 
MIDSTREAM PETROLEUM HOST COMMUNITIES DEVELOPMENT TRUST 
REGULATIONS, 2024 
 
ARRANGEMENT OF REGULATIONS 
Regulation: 
PART I - OBJECTIVES AND APPLICATION  
1. 
Objectives 
2. 
Application 
3. 
Incorporation of Host Community Trust Fund 
 
PART II - POWERS OF THE AUTHORITY 
4. 
Powers of the Authority  
5. 
Responsibility for compliance 
6. 
Determination of area of operation and host community 
 
PART III - HOST COMMUNITIES DEVELOPMENT TRUST 
7. 
Pre-approval of Host Community Development Trust registration 
by the Authority 
8. 
Approval by the Authority 
9. 
Failure to Incorporate a Trust 
10. 
Trust administration  
11. 
Winding up and dissolution of the Trust  
12. 
Appointment of Trustees  
13. 
Approval of Trustees by the Authority 
14. 
Minimum qualifications of a Trustee  
15. 
Duties of the Board of Trustees 
16. 
Removal of a Trustee by a licensee 
17. 
Resignation by a Trustee 
 
PART IV - HOST COMMUNITIES DEVELOPMENT TRUST COMMITTEE 
18. Management Committee for the Host Community Development 
Trust 
19. Host Communities Advisory Committee 
20. Host Communities Needs Assessment