Order in Council 920/2020

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 certain Orders in Council made under the Financial Administration Act and various Ontario Loan Acts authorize borrowing by the issue and sale of treasury bills and unsecured short-term promissory notes and by way of loan or by issue and sale of securities of Ontario on the credit of the Consolidated Revenue Fund of Ontario;

And whereas certain Orders in Council made under section 21 of the Financial Administration Act authorizes borrowing for the purpose of the payment, renewal, repayment or replacement of various loans and securities;

And whereas certain Orders in Council made under the Financial Administration Act and section 68 of the Electricity Act, 1998, section 21 of the Capital Investment Plan Act, 1993, or subsection 23(1) of the Ontario Infrastructure and Lands Corporation Act, 2011 authorize borrowing by way of loan or the issue and sale of securities of Ontario;

And whereas certain Orders in Council made under subsection 23(2) of the Ontario Infrastructure and Lands Corporation Act, 2011 authorize the Minister of Finance to purchase securities of or make loans to Ontario Infrastructure and Lands Corporation;

And whereas it is desirable to amend the aforementioned existing Orders in Council to update certain authorized signing officers;

Therefore:

Orders made under the Financial Administration Act and Ontario Loan Acts

1. Amendments are made to paragraph 4 of Orders in Council 79/92, 318/92, 926/92, 3594/92, 1358/93, and 2096/93, each as amended, paragraph 5 of Order in Council 1417/2008, 1043/2009, 1044/2009, 1048/2010, 600/2012, 966/2013, 459/2015, and 460/2015, each as amended, paragraph 6 of Order in Council 831/2008, as amended, and paragraph 7 of Order in Council 1703/95, as amended, in each case by:
   1. deleting the words “Manager, Settlements, Payments and Fiscal Agency” and substituting “Manager, Settlements and Electricity Finance Reporting”; and,
   2. deleting the words “the Chief Financial and Risk Officer”.
2. Amendments are made to paragraph 4 of Orders in Council 130/2019 and 1047/2019, in each case by:
   1. deleting the words Manager, Settlements, Payments and Fiscal Agency” and substituting “Manager, Settlements and Electricity Finance Reporting”; and,
   2. deleting the words “the Chief Financial and Risk Officer” and the words “or the Chief Financial and Risk Officer of the Ontario Financing Authority”.
3. Amendments are made to paragraph 4 of Order in Council 1166/2018 by:
   1. deleting the words Manager, Settlements, Payments and Fiscal Agency” and substituting “Manager, Settlements and Electricity Finance Reporting”; and,
   2. deleting the words “the Chief Financial and Risk Officer” and the words “the Director”.

Orders relating to the Electricity Act, 1998

4. Amendments are made to paragraph 4 of Orders in Council 967/2013 and 949/2015, each as amended, and to paragraph 5 of Orders in Council 561/2000 and 1168/2002, as amended, in each case by:
   1. deleting the words “Manager, Settlements, Payments and Fiscal Agency” and substituting “Manager, Settlements and Electricity Finance Reporting”; and,
   2. deleting the words “the Chief Financial and Risk Officer”.
5. Amendments are made to paragraph 4 of Orders in Council 1857/2017 and 131/2019, in each case by:
   1. deleting the words Manager, Settlements, Payments and Fiscal Agency” and substituting “Manager, Settlements and Electricity Finance Reporting”; and,
   2. deleting the words “the Chief Financial and Risk Officer” and the words “the Director”.

Orders relating to the Capital Investment Plan Act, 1993

6. Amendments are made to paragraph 4 of Orders in Council 678/2009 and 975/2009, each as amended, in each case by:
   1. deleting the words “Manager, Settlements, Payments and Fiscal Agency” and substituting “Manager, Settlements and Electricity Finance Reporting”; and,
   2. deleting the words “the Chief Financial and Risk Officer”.

Orders relating to the Ontario Infrastructure and Lands Corporation Act, 2011

7. Amendments are made to paragraph 4 of Orders in Council 1229/2013 and 632/2014, both as amended, in each case by:
   1. deleting the words “Manager, Settlements, Payments and Fiscal Agency” and substituting “Manager, Settlements and Electricity Finance Reporting”; and,
   2. deleting the words “the Chief Financial and Risk Officer”.

And that this Order in Council is effective on the date it is made.