Emergency telephone 911 service

1   The Greater Vancouver Regional District is granted the additional power to operate an E 9-1-1 emergency telephone system as an extended service.

Radio frequency coordination service

2   The Greater Vancouver Regional District is granted the additional power to provide municipal radio frequency coordination as an extended service.

[en. B.C. Reg. 195/91.]

Financing of GVWD and GVS&DD undertakings

3   (1) Subject to this section, the Greater Vancouver Regional District may finance undertakings of the Greater Vancouver Water District and the Greater Vancouver Sewerage and Drainage District on the request and at the sole cost of the applicable district.

(2) For an undertaking to be financed under this section,

(a) in the case of the Greater Vancouver Water District, it must be an undertaking for which the Board of that district has adopted a resolution or bylaw under the Greater Vancouver Water District Act, and

(b) in the case of the Greater Vancouver Sewerage and Drainage District, it must be an undertaking for which the Board of that district has adopted a resolution or bylaw under the Greater Vancouver Sewerage and Drainage District Act.

(3) The power under this section may not be exercised unless the district whose undertaking is being financed

(a) provides to the Greater Vancouver Regional District security in the form of a debenture or another form of indebtedness, and

(b) has entered into an agreement with the Greater Vancouver Regional District which provides that

(i) the district whose undertaking is being financed will provide and pay over to the Greater Vancouver Regional District the sums required to discharge its obligations in accordance with the terms of the debenture or other form of indebtedness, and

(ii) if the sums provided for in the debenture or other form of indebtedness are not sufficient to meet the obligations of the Greater Vancouver Regional District in relation to the financing, the deficiency is a liability of the district whose undertaking is being financed to the Greater Vancouver Regional District.

(4) For the purpose of providing financing under this regulation, the board of the Greater Vancouver Regional District may adopt a security issuing bylaw without adopting a loan authorization bylaw.

(5) A security issuing bylaw under subsection (4) must state as its authorization the applicable bylaw or resolution referred to in subsection (2).

[en. B.C. Reg. 392/95.]

Financing of GVTA undertakings

4   (1) The Greater Vancouver Regional District may borrow and provide financing for the purposes and in the manner specified in this section for the Greater Vancouver Transportation Authority established under section 2 of the Greater Vancouver Transportation Authority Act.

(2) The Greater Vancouver Regional District may only act under subsection (1) if

(a) the Greater Vancouver Transportation Authority has first passed a resolution requesting the financing, and

(b) the Greater Vancouver Transportation Authority and the Greater Vancouver Regional District enter into an agreement specifying that the Greater Vancouver Transportation Authority will

(i) pay to the Greater Vancouver Regional District all costs of the Greater Vancouver Regional District associated with the borrowing, and

(ii) if requested by the Greater Vancouver Regional District, deliver to the Greater Vancouver Regional District security in the form of debentures, securities or other form of indebtedness sufficient for the Greater Vancouver Regional District to meet and discharge all obligations of the Greater Vancouver Regional District associated with the borrowing.

(3) For the purposes of a borrowing under this section

(a) the board of the Greater Vancouver Regional District may adopt a security issuing bylaw without adopting a loan authorization bylaw, and

(b) a security issuing bylaw under paragraph (a) must reference the applicable resolution referred to in subsection (2) (a).

[en. B.C. Reg. 49/99.]

Application of Local Government Act provisions to borrowings

5   Sections 336, 470 and 476 of the Local Government Act¹ apply for the purposes of borrowing by the Greater Vancouver Regional District to provide financing under section 3 or 4.

[en. B.C. Reg. 49/99.]