O. Reg. 692/00: GENERAL

 

ONTARIO regulation 692/00

made under the

professional engineers act

Made: December 7, 2000
Approved: December 20, 2000
Filed: December 22, 2000

Amending Reg. 941 of R.R.O. 1990

(General)

1. Regulation 941 of the Revised Regulations of Ontario, 1990 is amended by adding the following section:

88. (1) In this section,

“commencement date” means the day the Red Tape Reduction Act, 2000 receives Royal Assent;

“Society” means the Ontario Society of Professional Engineers.

(2) During the three-year period that begins on the commencement date, the Council shall pay start-up funding to the Society in accordance with the following rules:

1. Within 14 days after the filing of this Regulation, a one-time grant of $933,277.10 (10 per cent of the Association’s Unrestricted Members’ Equity from audited balance sheet at December 31, 1999) shall be paid, less any amounts advanced previously as loans.

2. The payment mentioned in paragraph 1 is conditional on the Society first providing to the Registrar a copy of the letters patent incorporating the Society as a not-for-profit corporation in the Province of Ontario.

3. On or before the 14th day of each month, a grant equal to $30 for each full fee-paying member of the Association who paid a fee under paragraph 16 of subsection 8 (1) of the Act during the previous month, commencing with fees invoiced during the first full month following the filing of this Regulation, shall be paid.

4. The payments mentioned in paragraph 3 are conditional on the Society providing the Registrar with the documents listed in the Table to this section, on or before the dates shown in the Table.

5. Payments shall be made by cheque payable to the Society.

TABLE

Document to be provided	Date on or before which document to be provided
Copy of Society’s by-laws	February 7, 2001
Copy of Society’s business plan 2001-2002	May 7, 2001
Copy of Society’s business plan 2002-2003	January 1, 2002
Copy of Society’s business plan 2003-2004	January 1, 2003
Copy of Society’s financial statements, audited by an independent auditor, for 2000-2001	March 31, 2001
Copy of Society’s financial statements, audited by an independent auditor, for 2001-2002	March 31, 2002
Copy of Society’s financial statements, audited by an independent auditor, for 2002-2003	March 31, 2003
Copy of Society’s unaudited mid-year financial statements for 2001-2002	September 30, 2001
Copy of Society’s unaudited mid-year financial statements for 2002-2003	September 30, 2002
Copy of Society’s unaudited mid-year financial statements for 2003-2004	September 30, 2003
Copy of Society’s policies and procedures relating to operational and financial controls, prepared in accordance with generally accepted accounting principles	November 7, 2001

 

Council of the Association of Professional Engineers of Ontario:

Peter M. DeVita

President

Roger F. Barker

Registrar

Dated on December 7, 2000.