O. Reg. 223/02: STUDENT FOCUSED FUNDING - LEGISLATIVE GRANTS FOR THE 2001-2002 SCHOOL BOARD FISCAL YEAR
filed July 22, 2002 under Education Act, R.S.O. 1990, c. E.2
Skip to contentontario regulation 223/02
made under the
education act
Made: July 17, 2002
Filed: July 22, 2002
Printed in The Ontario Gazette: August 10, 2002
Amending O. Reg. 154/01
(Student Focused Funding — Legislative Grants for the
2001-2002 School Board Fiscal Year)
1. Section 37 of Ontario Regulation 154/01 is revoked and the following substituted:
Debt charges allocation
37. (1) The amount of the debt charges allocation for a district school board for the 2001-2002 fiscal year is the sum of,
(a) the total amount of principal and interest paid by the board in the fiscal year in respect of the permanently financed debt of the board; and
(b) the total amount of interest, fees and other charges, exclusive of principal, paid by the board in the fiscal year in respect of its non-permanently financed debt.
(2) In this section,
“non-permanently financed debt” means, in relation to a district school board, the amount as of August 31, 2001 that is listed in Column (e) under the heading “Not Permanently Financed” opposite the name of the board in Table 2, “Capital Related Debt Eligible for Funding Support, by District School Board”, in the document entitled School Board Capital Related Debt (June 17, 2002), published by the Ministry and available on the School Facilities Inventory System Website (sfis.edu.gov.on.ca) and at the Business Services Branch of the Ministry, Mowat Block, 21st Floor, 900 Bay Street, Toronto, Ontario, M7A 1L2; (“dette sans financement permanent”)
“permanently financed debt” means, in respect of a board, the amount, as of August 31, 2001 that is listed in Column (d) under the heading “Permanently Financed” opposite the name of the board in Table 2, “Capital Related Debt Eligible for Funding Support, by District School Board”, in the document entitled School Board Capital Related Debt (June 17, 2002), published by the Ministry and available on the School Facilities Inventory System Website (sfis.edu.gov.on.ca) and at the Business Services Branch of the Ministry, Mowat Block, 21st Floor, 900 Bay Street, Toronto, Ontario, M7A 1L2. (“dette avec financement permanent”)