Advanced Search

O. Reg. 526/07: Reserve Funds


Published: 2007-09-05

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
Français

ontario regulation 526/07

made under the

education act

Made: September 4, 2007
Filed: September 5, 2007
Published on e-Laws: September 7, 2007
Printed in The Ontario Gazette: September 22, 2007


Amending O. Reg. 446/98

(Reserve Funds)

1. Section 1 of Ontario Regulation 446/98 is revoked and the following substituted:

Pupil Accommodation Allocation Reserve Fund

1. (1) Every district school board shall allocate the portion of every pupil accommodation allocation received under the legislative grant regulations made under subsection 234 (1) of the Act that is in respect of school renewal, new pupil places or outstanding capital commitments, to a reserve fund established only for the purposes of acquiring things listed in subsection (2),

(a) by lease; or

(b) by purchase or otherwise,

(i) on or before August 31, 2006, or

(ii) at any other time if the acquisition is reported by the board as being for the purposes of school renewal.

(2) The things mentioned in subsection (1) are,

(a) school sites that are acquired as part of transactions under which the board also acquires school buildings on the school sites;

(b) school sites that provide or are capable of providing pupil accommodation, and additions and improvements to such school sites, but only for school sites acquired by the board when the board does not meet any of the conditions set out in paragraph 2 of section 10 of Ontario Regulation 20/98 (Education Development Charges — General) made under the Act;

(c) land described in paragraph 1 of subsection 257.53 (2) of the Act, but only for land acquired by the board when the board meets any of the conditions set out in paragraph 2 of section 10 of Ontario Regulation 20/98 and only to the extent that the cost of the land is not a growth-related net education land cost within the meaning of Division E of Part IX of the Act;

(d) services described in paragraph 2 of subsection 257.53 (2) of the Act, but only for services relating to land acquired by the board when the board meets any of the conditions set out in paragraph 2 of section 10 of Ontario Regulation 20/98 and only to the extent that the cost of the services is not a growth-related net education land cost within the meaning of Division E of Part IX of the Act;

(e) school buildings, fixtures of school buildings, fixtures of school properties, and additions, alterations, renovations or major repairs to school buildings, fixtures of school buildings or fixtures of school properties;

(f) furniture and equipment to be used in school buildings;

(g) library materials for the initial equipping of libraries in school buildings;

(h) installations on school properties to supply school buildings on the properties with water, sewer, septic, electrical, heating, cooling, natural gas, telephone or cable services, and alterations, replacements or major repairs to those installations;

(i) changes to the level, drainage or surface of school properties; and

(j) equipment, supplies and services the board requires in order to comply with the standards under the Ontario Water Resources Act for water treatment and water distribution systems to provide potable water.

(3) Subsection 231 (6) of the Act applies to money held in a reserve fund described in this section.

2. (1) Clause 2 (1) (a) of the Regulation is revoked and the following substituted:

(a) acquiring things listed in subsection (1.1),

(i) by lease, or

(ii) by purchase or otherwise,

(A) on or before August 31, 2006, or

(B) at any other time if the acquisition is reported by the board as being for the purposes of school renewal; and

(2) Section 2 of the Regulation is amended by adding the following subsections:

(1.1) The things mentioned in clause (1) (a) are,

(a) school sites that provide or are capable of providing pupil accommodation, and additions or improvements to such school sites;

(b) school buildings, fixtures of school buildings, fixtures of school properties, and additions, alterations, renovations or major repairs to school buildings, fixtures of school buildings or fixtures of school properties;

(c) furniture and equipment to be used in school buildings;

(d) library materials for the initial equipping of libraries in school buildings;

(e) installations on school properties to supply school buildings on the properties with water, sewer, septic, electrical, heating, cooling, natural gas, telephone or cable services, and alterations, replacements or major repairs to those installations; and

(f) changes to the level, drainage or surface of school properties.

(1.2) Subsection 231 (6) of the Act applies to money held in a reserve fund described in this section.

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

Made by:
Pris par :

La ministre de l’Éducation,

Kathleen O’Day Wynne

Minister of Education

Date made: September 4, 2007.
Pris le : 4 septembre 2007.

 

Français