O. Reg. 116/13: RESTRICTED PURPOSE REVENUES

Link to law: http://www.ontario.ca/laws/regulation/r13116
Published: 2013-03-26

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ontario regulation 116/13

made under the

Education Act

Made: March 18, 2013
Filed: March 26, 2013
Published on e-Laws: March 27, 2013
Printed in The Ontario Gazette: April 13, 2013


Amending O. Reg. 193/10

(RESTRICTED PURPOSE REVENUES)

1. Clause 4.1 (2) (b) of Ontario Regulation 193/10 is amended by striking out ““School Board and School Authority Tangible Capital Assets: Provincial Accounting Policies and Implementation Guide”” and substituting ““District School Board and School Authority Tangible Capital Assets: Provincial Accounting Policies and Implementation Guide”, revised August 2012”.

2. The Regulation is amended by adding the following section:

Retrofitting school space for child care

4.2 (1) A board shall use the amount determined for retrofitting school space for child care (part of the board’s pupil accommodation allocation) under the legislative grant regulations only for the purpose of expenditures described in subsection (2).

(2) An expenditure referred to in subsection (1) is an expenditure,

(a) that is in respect of costs incurred by the board to retrofit space in buildings or on real property owned, leased or otherwise acquired by the board, for the purpose of providing child care for children who are younger than 44 months of age; and

(b) that meets the criteria for capitalizing a tangible capital asset set out in the most recent version of the document entitled “District School Board and School Authority Tangible Capital Assets: Provincial Accounting Policies and Implementation Guide”, revised August 2012, which is available for public inspection at the offices of the Education Finance Branch of the Ministry of Education and on the Ministry’s website.

3. Subsection 6.2 (3) of the Regulation is amended by striking out ““School Board and School Authority Tangible Capital Assets: Provincial Accounting Policies and Implementation Guide”” and substituting ““District School Board and School Authority Tangible Capital Assets: Provincial Accounting Policies and Implementation Guide”, revised August 2012”.

Commencement

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

Made by:
Pris par :

La ministre de l’Éducation,

Elizabeth Jean Sandals

Minister of Education

Date made: March 18, 2013.
Pris le : 18 mars 2013.

 

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