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O. Reg. 156/01: RESERVE FUNDS
filed May 11, 2001 under Education Act, R.S.O. 1990, c. E.2
Skip to contentontario regulation 156/01
made under the
education act
Made: April 25, 2001
Filed: May 11, 2001
Printed in The Ontario Gazette: May 26, 2001
Amending O. Reg. 446/98
(Reserve Funds)
1. Section 1 of Ontario Regulation 446/98 is amended by adding the following clauses:
(a.1) school sites that provide or are capable of providing pupil accommodation, and additions to such school sites, but only for school sites acquired by the board when the board does not meet either of the conditions set out in paragraph 2 of section 10 of Ontario Regulation 20/98 (Education Development Charges — General);
(a.2) land described in paragraph 1 of subsection 257.53 (2) of the Act, but only for land acquired by the board when the board meets either of the conditions set out in paragraph 2 of section 10 of Ontario Regulation 20/98 (Education Development Charges — General) and only to the extent that the cost of the land is not a growth-related net education land cost within the meaning of Division E of Part IX of the Act;
(a.3) services described in paragraph 2 of subsection 257.53 (2) of the Act, but only for services relating to land acquired by the board when the board meets either of the conditions set out in paragraph 2 of section 10 of Ontario Regulation 20/98 (Education Development Charges — General) and only to the extent that the cost of the services is not a growth-related net education land cost within the meaning of Division E of Part IX of the Act;
2. (1) Subsection 4 (1) of the Regulation is revoked and the following substituted:
(1) A district school board shall establish a reserve fund for the sole purpose of funding special education programs provided by the board, other than programs in facilities.
(2) Section 4 of the Regulation is amended by adding the following subsection:
(3) A district school board shall allocate all amounts in reserve funds established under subsection (1), as it read on the day before this subsection comes into force, to the reserve fund established by the board under subsection (1).
Janet Ecker
Minister of Education
Dated on April 25, 2001.