Acts and Regulations

M-20 - Municipal Capital Borrowing Act

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Application to corporations and commissions under the Clean Environment Act
14(1)This Act applies mutatis mutandis to every water or wastewater commission constituted or continued under section 15.2 of the Clean Environment Act in respect of its obtaining money for a capital expense by way of a loan or the issue of debentures, unless the repayment of the loan or issue of debentures has been guaranteed by a municipality and such guarantee has been authorized under this Act.
14(2)For the purposes of subsection (1),
(a) the word “municipality”, when used in sections 1, 4, 5, 6, 10 and 12, and
(b) the word “council” when used in section 8,
shall be read to include a corporation referred to in subsection (1) of this section, and the word “councillor” when used in subsection 11(1) shall be read to include a member of the board of a corporation referred to in subsection (1) of this section.
14(3)This Act applies mutatis mutandis to every regional service commission established under the Regional Service Delivery Act in respect of its obtaining money for a capital expense by way of a loan or the issue of debentures.
14(4)For the purpose of subsection (3)
(a) the word “municipality”, when used in sections 1, 4, 5, 6, 10 and 12, and
(b) the word “council” when used in section 8,
shall be read to include a regional service commission referred to in subsection (3) and the word “councillor” when used in subsection 11(1) shall be read to include a member of the Board of a regional service commission referred to in subsection (3).
1982, c.41, s.1; 1994, c.91, s.7; 2012, c.32, s.8; 2012, c.44, s.10
Application to corporations and commissions under the Clean Environment Act
14(1)This Act applies mutatis mutandis to every water or wastewater commission constituted or continued under section 15.2 of the Clean Environment Act in respect of its obtaining money for a capital expense by way of a loan or the issue of debentures, unless the repayment of the loan or issue of debentures has been guaranteed by a municipality and such guarantee has been authorized under this Act.
14(2)For the purposes of subsection (1),
(a) the word “municipality”, when used in sections 1, 4, 5, 6, 10 and 12, and
(b) the word “council” when used in section 8,
shall be read to include a corporation referred to in subsection (1) of this section, and the word “councillor” when used in subsection 11(1) shall be read to include a member of the board of a corporation referred to in subsection (1) of this section.
14(3)This Act applies mutatis mutandis to every regional solid waste commission established under section 15.3 of the Clean Environment Act in respect of its obtaining money for a capital expense by way of a loan or the issue of debentures.
14(4)For the purpose of subsection (3)
(a) the word “municipality”, when used in sections 1, 4, 5, 6, 10 and 12, and
(b) the word “council” when used in section 8,
shall be read to include a regional solid waste commission referred to in subsection (3) and the word “councillor” when used in subsection 11(1) shall be read to include a member of a regional solid waste commission referred to in subsection (3).
1982, c.41, s.1; 1994, c.91, s.7; 2012, c.32, s.8
Application to corporations and commissions under the Clean Environment Act
14(1)This Act applies mutatis mutandis to every corporation constituted or continued under section 15.2 of the Clean Environment Act in respect of its obtaining money for a capital expense by way of a loan or the issue of debentures, unless the repayment of the loan or issue of debentures has been guaranteed by a municipality and such guarantee has been authorized under this Act.
14(2)For the purposes of subsection (1),
(a) the word “municipality”, when used in sections 1, 4, 5, 6, 10 and 12, and
(b) the word “council” when used in section 8,
shall be read to include a corporation referred to in subsection (1) of this section, and the word “councillor” when used in subsection 11(1) shall be read to include a member of the board of a corporation referred to in subsection (1) of this section.
14(3)This Act applies mutatis mutandis to every regional solid waste commission established under section 15.3 of the Clean Environment Act in respect of its obtaining money for a capital expense by way of a loan or the issue of debentures.
14(4)For the purpose of subsection (3)
(a) the word “municipality”, when used in sections 1, 4, 5, 6, 10 and 12, and
(b) the word “council” when used in section 8,
shall be read to include a regional solid waste commission referred to in subsection (3) and the word “councillor” when used in subsection 11(1) shall be read to include a member of a regional solid waste commission referred to in subsection (3).
1982, c.41, s.1; 1994, c.91, s.7