Order in Council 1487/2021

On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:

Whereas Centralized Supply Chain Ontario (“Supply Ontario”) is a corporation without share capital established pursuant to Ontario Regulation 612/20 (Centralized Supply Chain Ontario) under the Supply Chain Management Act (Government, Broader Public Sector and Health Sector Entities), 2019;

And whereas pursuant to paragraph 2 of subsection 4(3) of Ontario Regulation 612/20 under the Supply Chain Management Act (Government, Broader Public Sector and Health Sector Entities), 2019, S.O. 2019, c. 15, Sched. 37, Supply Ontario requires the approval of the Lieutenant Governor in Council to borrow money;

And whereas Supply Ontario requires a corporate credit card for operational purposes;

And whereas pursuant to section 28 of the Financial Administration Act, R.S.O. 1990, c. F. 12, as amended, the Minister of Finance has approved the borrowing from a financial institution through a corporate credit card program subject to the terms and conditions attached thereto;

And whereas the Lieutenant Governor in Council considers it reasonable and appropriate for Supply Ontario to enter into an agreement with the Bank of Montreal (BMO) to borrow money through a corporate credit card program;

And whereas it is considered desirable to authorize Supply Ontario to borrow money from the Bank of Montreal through a corporate credit card program;

Now therefore pursuant to paragraph 2 of subsection 4(3) of Ontario Regulation 612/20 under the Supply Chain Management Act (Government, Broader Public Sector and Health Sector Entities), 2019, approval is hereby given to Supply Ontario to borrow money from the Bank of Montreal through a corporate credit card program for operational purposes, subject to any terms and conditions stipulated by the Minister of Finance in respect of the terms and conditions of the corporate credit card program, to an aggregate transaction amount not to exceed one million dollars in lawful money of Canada outstanding at any one time.