ontario regulation 205/22

made under the

Education Act

Made: March 10, 2022
Filed: March 11, 2022
Published on e-Laws: March 14, 2022
Printed in The Ontario Gazette: March 26, 2022

Amending O. Reg. 280/19

(CALCULATION OF MAXIMUM IN-YEAR DEFICIT)

1. Section 1 of Ontario Regulation 280/19 is revoked and the following substituted:

Definitions

1. In this Regulation,

“capital asset cost”, in respect of a fiscal year, has the same meaning as “capital asset cost” in the legislative grant regulation for the corresponding fiscal year; (“coût des immobilisations”)

“legislative grant regulation” means a regulation made under subsection 234 (1) of the Act. (“règlement sur les subventions générales”)

2. (1) Subsection 5 (1) of the Regulation is amended by striking out “2020-2021 fiscal year” in the portion before paragraph 1 and substituting “2020-2021 and 2021-2022 fiscal years”.

(2) Subsection 5 (2) of the Regulation is amended by striking out “2020-2021 fiscal year” in the portion before paragraph 1 and substituting “2020-2021 and 2021-2022 fiscal years”.

3. Section 6 of the Regulation is amended by striking out “2021-2022 and 2022-23 fiscal years” in the portion before paragraph 1 and substituting “2022-2023 and 2023-2024 fiscal years.

4. Section 7 of the Regulation is amended by striking out “2023-2024 fiscal year” in the portion before clause (a) and substituting “2024-2025 fiscal year”.

Commencement

5. This Regulation comes into force on the day it is filed.