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O. Reg. 153/16: CITY SERVICES CORPORATIONS

filed May 27, 2016 under City of Toronto Act, 2006, S.O. 2006, c. 11, Sched. A

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ontario regulation 153/16

made under the

City of Toronto Act, 2006

Made: May 18, 2016
Filed: May 27, 2016
Published on e-Laws: May 27, 2016
Printed in The Ontario Gazette: June 11, 2016

Amending O. Reg. 609/06

(CITY SERVICES CORPORATIONS)

1. Subsection 15 (1) of Ontario Regulation 609/06 is amended by striking out “or” at the end of clause (a), by adding “or” at the end of clause (b) and by adding the following clause:

(c) if,

(i) the purpose of the assistance is to facilitate the provision by the corporation of affordable housing, as defined in a by-law made by the City respecting provision of assistance to the corporation for this purpose, and

(ii) the by-law contains policies regarding public eligibility for the housing units provided as part of the affordable housing.

2. (1) The French version of subsection 18 (2) of the Regulation is revoked and the following substituted:

(2) Une personne morale ne peut placer des sommes que dans des valeurs mobilières qui sont prescrites en vertu de l’article 256 de la Loi. Pour l’application du présent paragraphe, tout règlement pris en application de cet article de la Loi s’applique à la personne morale comme s’il s’agissait de la cité.

(2) The French version of subsection 18 (2) of the Regulation, as remade by subsection (1), is revoked and the following substituted:

(2) Une personne morale ne peut placer des sommes que dans des valeurs mobilières qui, au 31 décembre 2017, sont prescrites en vertu de l’article 256 de la Loi. Pour l’application du présent paragraphe, tout règlement pris en application de cet article de la Loi s’applique, dans sa version en vigueur le 31 décembre 2017, à la personne morale comme s’il s’agissait de la cité.

Commencement

3. (1) Subject to subsections (2) and (3), this Regulation comes into force on the day it is filed.

(2) Section 1 comes into force on the later of July 1, 2016 and the day this Regulation is filed.

(3) Subsection 2 (2) comes into force on January 1, 2018.

 

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