Section 234: Objectives and regulations.

1 The objectives of this Chapter are to —
a foster sustainable prosperity within host communities;
b provide direct social and economic benefits from petroleum operations to host communities;
c enhance peaceful and harmonious co-existence between licensees or lessees and host communities; and
d create a framework to support the development of host communities.

2
The Commission and Authority may make regulations with respect to this Chapter on areas within their competence and jurisdiction as specified in this Act.

3 The regulations under subsection (2) shall include a grievance mechanism to resolve disputes between settlors and host communities.

4 The regulations under subsection (2) shall include the ability of the settlor to make the following adjustments to reduce expenditures where the available funds for administration under section 244 (c) of this Act are insufficient to fund the ongoing operations —
a reduce the number of members of the Board of Trustees and frequency of meetings;
b not fund the reserve fund under section 244 (b) and not hire the respective fund manager under section 246;
c reduce the number of members of the management committee under section 247 and the frequency of meetings; and
d reduce the frequency of meetings of the host communities advisory committee under section 249.