Order in Council 377/2026

On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:

1. Pursuant to subsection 23(2) of the Ontario Infrastructure and Lands Corporation Act, 2011, the Minister of Finance is authorized to make loans to the Ontario Infrastructure and Lands Corporation (the “Corporation”) in a maximum aggregate principal amount of $1.3 billion regarding the Corporation’s long-term borrowing needs on the terms as the Minister of Finance may determine.
2. Pursuant to subsection 23(4) of the Ontario Infrastructure and Lands Corporation Act, 2011, the powers of the Minister of Finance under subsection 23(2) of the Ontario Infrastructure and Lands Corporation Act, 2011 to determine the terms of the loans to the Corporation are delegated to each of the Chief Executive Officer, the Chief Treasury and Investment Officer, the Chief Financial Officer, any Director, Capital Markets Division, any Senior Manager, Capital Markets Division, and the Director, Treasury and Capital Markets Operations, Finance and Treasury Division, all of the Ontario Financing Authority, holding office on the date of this Order or on any day thereafter.
3. If the title of the position to which powers and duties have been delegated changes, the delegation made in this Order continues to be in effect on condition that the delegated powers and duties continue to be within the scope of the position.
4. Each delegation made in this Order extends to each person from time to time holding an acting appointment to a position whose regular occupant is entitled to exercise the delegated authority.