Acts and Regulations

2025-12 - Municipal Capital Borrowing Act

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NEW BRUNSWICK
REGULATION 2025-12
under the
Municipal Capital Borrowing Act
(O.C. 2025-55)
Filed April 22, 2025
1Section 2 of New Brunswick Regulation 84-113 under the Municipal Capital Borrowing Act is amended
(a) in subsection (1) by striking out “subsection (2)” and substituting “subsections (1.1) and (2)”;
(b) by adding after subsection (1) the following:
2(1.1)A meeting of the Board held in January shall be on the third Monday of the month.
(c) in subsection (2) of the English version by striking out “chairman” and substituting “chair”;
(d) in subsection (3) of the English version by striking out “chairman, vice-chairman” and substituting “chair, vice-chair”.
2 Section 3 of the Regulation is amended
(a) by repealing subsection (6.1) and substituting the following:
3(6.1)On receipt of the notice referred to in paragraph (6)(b), the municipality shall cause the notice to be published at least ten days before the date set under paragraph (6)(a) by one or more of the following means:
(a) publishing the notice in a newspaper published or having general circulation in the municipality;
(b) broadcasting the notice on a radio or television station that broadcasts in the municipality; or
(c) posting the notice on the municipality’s website.
(b) by adding after subsection (6.1) the following:
3(6.11)If a municipality has published a notice in a manner authorized by subsection (6.1), it may also post the notice on social media websites.
(c) by repealing subsection (6.2) and substituting the following:
3(6.2)The municipality shall, before the hearing of the application, submit to the Board proof of publication in accordance with subsection (6.1) that is satisfactory to the Board.
(d) in subsection (7) by striking out “(6.1) and (6.2)” and substituting “(6.1), (6.11) and (6.2)”.