Surplus funds to be repaid to gas producers upon completion of the rectification programme
25 Surplus funds to be repaid to gas producers upon completion of the rectification programme
When the Director is satisfied that the money standing to the credit of the Account will not be applied (other than for the purposes referred to in section 24(2)(b) or (c)), the Director must ensure that within 4 months —
the balance of the Account is paid to the gas producer or producers who made contributions; and
notice is published in the Gazette that the rectification programme has been completed.
The amount to be paid to a gas producer under subsection (1)(a) is an amount that bears to the total amount to be paid to gas producers under that subsection the same proportion as the total of the gas producer’s contributions bears to the total of all the contributions from gas producers.
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