O. Reg. 388/05: TERM DEBENTURES AUTHORIZED UNDER SECTION 452 OF THE ACTSkip to content
Municipal Act, 2001
Loi de 2001 sur les municipalités
ONTARIO REGULATION 388/05
Amended to O. Reg. 600/06
TERM DEBENTURES AUTHORIZED UNDER SECTION 452 OF THE ACT
Historical version for the period December 27, 2006 to December 31, 2006.
Note: This Regulation is revoked on January 1, 2007. See: O. Reg. 600/06, ss. 1, 2.
This Regulation is made in English only.
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. O. Reg. 388/05, s. 1 (1).
(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. O. Reg. 388/05, s. 1 (2).
2. Omitted (provides for coming into force of provisions of this Regulation). O. Reg. 388/05, s. 2.