O. Reg. 143/01: ASSETS AND LIABILITIESSkip to content
|current||May 9, 2001 – (e-Laws currency date)|
City of Greater Sudbury Act, 1999
ONTARIO REGULATION 143/01
ASSETS AND LIABILITIES
Consolidation Period: From May 9, 2001 to the e-Laws currency date.
This is the English version of a bilingual regulation.
1. The assets referred to in section 13 of the Act are assets which on December 31, 2000 were,
(a) reserves and reserve funds;
(b) revenue fund surplus;
(c) investments, excluding investments of reserves and reserve funds;
(d) the present value of the projected payments-in-lieu of taxes for school purposes that are not required to be shared with school boards;
(e) the present value of projected royalties receivable with respect to an aggregate pit or quarry;
(f) the present value of projected payments receivable with respect to the revenue from the operation of a casino, a charity casino or other gaming premises, all as defined in the Ontario Lottery and Gaming Corporation Act, 1999. O. Reg. 143/01, s. 1.
2. The liabilities referred to in section 13 of the Act are liabilities which on December 31, 2000 were,
(a) debts, including debentures and short-term and temporary borrowing;
(b) revenue fund deficit;
(c) post-employment benefits, including pension obligations, severance allowances and vested sick leave;
(d) accrued liabilities, including obligations incurred as a Schedule 2 employer under the Workplace Safety and Insurance Act, 1997, that are not recorded as an expenditure;
(e) long-term obligations and lease commitments. O. Reg. 143/01, s. 2.