ontario regulation 460/06

made under the

education act

Made: September 27, 2006
Filed: September 28, 2006
Published on e-Laws: September 29, 2006
Printed in The Ontario Gazette: October 14, 2006

Amending O. Reg. 341/06

(Grants for Student Needs — Legislative Grants for the 2006-2007 School Board Fiscal Year)

1. Subsection 3 (6) of Ontario Regulation 341/06 is amended by striking out “clause 39 (10) (a)” and substituting “clauses 39 (10) (a) and (10.1) (a)”.

2. (1) Subparagraph 40 i of subsection 39 (9) of the Regulation is revoked and the following substituted:

i. Determine the portion of the cost of urgent and high priority renewal projects in Stage 1, set out in Column 2 of Table 15 opposite the name of the board, that was incurred by the board in the 2005-2006 and 2006-2007 school board fiscal years for construction or renovation work other than work that is included under subparagraph 41 i.

(2) Paragraph 41 of subsection 39 (9) of the Regulation is revoked and the following substituted:

41. Determine the amount that the board has paid or for which it is liable in connection with the financing of urgent and high priority renewal projects described in subsection (10.1), as follows:

i. Determine the portion of the cost of urgent and high priority renewal projects in Stage 1, set out in Column 2 of Table 15 opposite the name of the board, that was incurred by the board in the 2004-2005 and 2005-2006 school board fiscal years for construction or renovation work that began on or after March 18, 2005.

ii. Determine the total of the principal and interest payments incurred by the board in the 2006-2007 fiscal year in respect of the following:

A. Funds that the board borrowed from the Ontario Financing Authority to pay the amount determined under subparagraph i.

B. The lender’s fee charged to the board by the Ontario Financing Authority for the funds borrowed.

42. Total the amounts determined under paragraphs 39, 40 and 41.

(3) Section 39 of the Regulation is amended by adding the following subsection:

(10.1) For the purposes of paragraph 41 of subsection (9), an urgent and high priority renewal project is a project that,

(a) has been undertaken at a school of the board listed in Appendix B of the document entitled “Good Places to Learn: Stage 1 Funding Allocation” which is available as described in subsection 3 (6); and

(b) has been approved by the Minister, as indicated in the document mentioned in clause (a), on the basis that the project addresses an urgent and high priority renewal need at the school.