O. Reg. 409/16: RESTRICTED PURPOSE REVENUES
filed November 30, 2016 under Education Act, R.S.O. 1990, c. E.2
Skip to contentontario regulation 409/16
made under the
Education Act
Made: November 28, 2016
Filed: November 30, 2016
Published on e-Laws: November 30, 2016
Printed in The Ontario Gazette: December 17, 2016
Amending O. Reg. 193/10
(RESTRICTED PURPOSE REVENUES)
1. (1) The formula in subsection 4 (3) of Ontario Regulation 193/10 is revoked and the following substituted:
[(A + B + C) × 1.05]/3 + D + E − F
(2) The English version of the definition of “B” in subsection 4 (3) of the Regulation is amended by striking out “and” at the end.
(3) Subsection 4 (3) of the Regulation is amended by adding the following definitions:
“D” means the maintenance (operating) amount determined as part of the school renewal allocation for the board under the legislative grant regulation for the fiscal year,
“E” means the total of all maintenance (operating) amounts, if any, determined for the board under the legislative grant regulations for previous fiscal years that were not used by the board in the previous fiscal years, and
“F” means the maintenance (operating) amount used by the board in the fiscal year for the purpose of school renewal expenditures that are capital asset costs.
Commencement
2. This Regulation comes into force on the day it is filed.
Made by:
Pris par :
La ministre de l’Éducation,
Mitzie Hunter
Minister of Education
Date made: November 28, 2016
Pris le : 28 novembre 2016