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O. Reg. 337/10: BOARD BORROWING, INVESTING AND OTHER FINANCIAL MATTERS
filed September 3, 2010 under Education Act, R.S.O. 1990, c. E.2
Skip to contentontario regulation 337/10
made under the
Education Act
Made: September 1, 2010
Filed: September 3, 2010
Published on e-Laws: September 8, 2010
Printed in The Ontario Gazette: September 18, 2010
Amending O. Reg. 41/10
(Board Borrowing, Investing and Other Financial Matters)
1. Section 12 of Ontario Regulation 41/10 is revoked and the following substituted:
Restriction: investment of money in securities
12. A board shall not invest money in a security unless,
(a) the money is made repayable on or before the day on which the board requires the money; or
(b) any interest or other earnings from the investment are credited to the account from which the money was invested.
2. This Regulation comes into force on the later of September 1, 2010 and the day this Regulation is filed.