Regulation - LGIC
Regulation on Municipal Business Corporations Proposed under the Municipal Act (MA)
Regulation Number(s):
N/A
Instrument Type:
Regulation - LGIC
Bill or Act:
Bill 130 An Act to amend various Acts in relation to municipalities
Summary of Decision:
Regulation has been approved and was effective upon proclamation.
Further Information:
Bill 130 An Act to amend various Acts in relation to municipalities
Proposal Number:
06-MAH004
Posting Date:
November 9, 2006
Summary of Proposal:
The municipal business corporations regulation would set out the authority for the municipalities to create corporations for most services and facilities that they are able to provide subject to limits in areas of provincial interest such as health and social services.
Councils would not be compelled to deliver services through corporations but rather would be in a position to determine how best to provide services and facilities for their citizens.
Municipalities would formulate business cases (of their own design) before creating a corporation and/or becoming a shareholder in a corporation and would develop policies regarding asset transfers to the corporation and the public process to be followed before creating a corporation.
Municipalities would also be provided with an authority to use an area rate levy for the purposes of the corporation under the definition of "economic development services".
Councils would not be compelled to deliver services through corporations but rather would be in a position to determine how best to provide services and facilities for their citizens.
Municipalities would formulate business cases (of their own design) before creating a corporation and/or becoming a shareholder in a corporation and would develop policies regarding asset transfers to the corporation and the public process to be followed before creating a corporation.
Municipalities would also be provided with an authority to use an area rate levy for the purposes of the corporation under the definition of "economic development services".
Contact Address:
Janet Hope
Municipal Finance Branch
Ministry of Municipal Affairs and Housing
777 Bay St. 13th floor
Toronto, ON M5G 2E5
phone: 416.585.6951
fax: 416.585.6315
Municipal Finance Branch
Ministry of Municipal Affairs and Housing
777 Bay St. 13th floor
Toronto, ON M5G 2E5
phone: 416.585.6951
fax: 416.585.6315
Effective Date:
January 23, 2007
Decision:
Approved