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O. Reg. 388/05: Term Debentures Authorized under Section 452 of the Act
filed June 24, 2005 under Municipal Act, 2001, S.O. 2001, c. 25
Skip to contentontario regulation 388/05
made under the
municipal act, 2001
Made: June 22, 2005
Filed: June 24, 2005
Printed in The Ontario Gazette: July 9, 2005
term debentures authorized under
section 452 of the Act
Authority to issue term debentures
1. (1) A regional municipality is authorized to exercise the powers that it had under subsections 116 (47) to (49) of the Regional Municipalities Act on December 31, 2002 to issue term debentures.
(2) In any by-law or document relating to the issuance of a term debenture authorized by subsection (1), a reference to a retirement fund debenture shall be read as if it were a reference to a term debenture.
Commencement
2. This Regulation shall be deemed to have come into force on January 1, 2003.