ontario regulation 388/05

made under the

municipal act, 2001

Made: June 22, 2005
Filed: June 24, 2005
Printed in The Ontario Gazette: July 9, 2005

term debentures authorized under
section 452 of the Act

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.

(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.

Commencement

2. This Regulation shall be deemed to have come into force on January 1, 2003.