71 (1) An account shall be established in the Public Accounts to be known as the Greenhouse Gas Reduction Account in English and Compte de réduction des gaz à effet de serre in French in which shall be recorded the following amounts: 1. The amount of the proceeds from the distribution of Ontario emission allowances created under section 30. 2. Any amounts payable to the Crown by a participant under section 14. 3. The amount of any administrative penalties that are paid under section 57. 4. The amount of any fees payable to the Crown under this Act. 5. All expenditures of public money incurred under subsection (2). Authorized expenditures (2) Amounts not exceeding the balance in the account may be charged to the Greenhouse Gas Reduction Account and paid out of the Consolidated Revenue Fund for the following purposes: 1. To fund costs incurred by the Crown, directly or indirectly, in connection with the administration and enforcement of this Act and the regulations or to reimburse the Crown for expenditures incurred by the Crown, directly or indirectly, for any such purpose. 2. To fund, directly or indirectly, costs relating to initiatives described in Schedule 1 to this Act that are reasonably likely to reduce, or support the reduction of, greenhouse gas and costs relating to any other initiatives that are reasonably likely to do so. 3. To reimburse the Crown for expenditures incurred by the Crown, directly or indirectly, for any purpose described in paragraph 2. Restriction (3) No amount is payable under paragraph 2 or 3 of subsection (2) during a year in respect of any initiative unless the Minister reviews and provides an evaluation of the initiative to Treasury Board.  The Minister’s review shall consider, (a) the potential greenhouse gas reductions of the initiative; (b) the relationship of the initiative to the achievement of the greenhouse gas emission reduction targets established under section 6; (c) the relationship of the initiative to other potential, planned and funded initiatives to reduce greenhouse gas; (d) the relationship of the initiative to the climate change action plan prepared under section 7; (e) whether the initiative is also likely to assist low-income households and vulnerable communities with their transition to a low-carbon economy; and (f) such other matters as the Minister considers appropriate. Public notice re: evaluations (4) At least once during each fiscal year, the Minister shall make a report available to the public about the evaluations provided under subsection (3) to Treasury Board during the year with respect to initiatives that are funded from the Greenhouse Gas Reduction Account. Reimbursement of expenditures (5) A reimbursement described in paragraph 3 of subsection (2) for an expenditure incurred by the Crown shall not be made after the books of the Government of Ontario are closed for the fiscal year in which the expenditure is incurred. 2018, c. 8, Sched. 3, s. 1 (1). Specified expenditures (6) Despite subsection (5), $366,445,123 is deemed, as of March 31, 2018, to be charged to the Greenhouse Gas Reduction Account as reimbursement for expenditures described in paragraph 3 of subsection (2) that were incurred by the Crown on or after November 1, 2015 and on or before March 31, 2017 but were not reimbursed from the Account before the books of the Government of Ontario were closed for the fiscal year in which the expenditures were incurred. 2018, c. 8, Sched. 3, s. 1 (1). Note: On January 1, 2019, subsection 71 (6) of the Act is repealed. (See: 2018, c. 8, Sched. 3, s. 1 (2)) Annual report (7) Every year, the Minister shall prepare a report about the Greenhouse Gas Reduction Account setting out the following: 1. A description of each of the amounts credited and charged to the Account during the year. 2. A description of each of the initiatives with respect to which amounts were charged to the Account during the year, identifying any of those initiatives that were contemplated in the climate change action plan prepared in respect of the year. 3. A description of amounts charged to the Account to reimburse the Crown for expenditures incurred by the Crown, directly or indirectly, in connection with the administration and enforcement of this Act and the regulations. 4. Such other information as may be required by regulation. Same (8) The Minister shall lay the report before the Assembly when the Public Accounts for the year are laid before the Assembly in accordance with the Financial Administration Act. Section Amendments with date in force (d/m/y) 2018, c. 8, Sched. 3, s. 1 (1) - 08/05/2018; 2018, c. 8, Sched. 3, s. 1 (2) - 01/01/2019