Section 3 (a) to (c), (f.2) and (f.3) BEFORE amended by BC Reg 323/2016, effective December 19, 2016.
(a) manage housing made available to it under agreements with the minister or under agreements between the Government of Canada and the Government of British Columbia or their agents,
(b) maintain, repair and renovate the buildings, lands and equipment comprising housing administered by it, either by its own resources or by contract,
(c) acquire supplies and maintain and repair the supplies and equipment necessary to the management of housing administered by it,
(f.2) make loans and grants of money to societies, public housing corporations or housing co-operatives incorporated under the laws of British Columbia or of Canada for the purpose of facilitating projects to build or to repair housing intended for sale or rent to low and moderate income households,
(f.3) make a loan of money to a person, other than a person referred to in paragraph (f.2), for the purpose of facilitating a project, or a portion of a project, that is dedicated exclusively to building or repairing housing intended for sale or rent to low or moderate income households on the conditions that
(i) it is a term of the loan that the money be used only for that project or portion, and
(ii) a mortgage securing the amount of the loan
(A) is registered in the land title office as a charge against the title to the land on which the housing is or will be located, and
(B) has a priority equal to or greater than the registered interest of any other lender to the project,
Section 3 (b.1) and (f.4) to (f.6) were added by BC Reg 323/2016, effective December 19, 2016.
Section 5 (3) BEFORE amended by BC Reg 76/2022, effective March 30, 2022.
(3) The Board of Commissioners, or, if authorized by the Board of Commissioners, the chief executive officer, may appoint such officers, employees and agents as it or he considers necessary to carry on the business and operations of the commission, and may fix their term of office or employment, terminate appointments or remove or suspend them, reappoint or reinstate them, fix their remuneration and vary or terminate it, appoint others in their place and stead or to act in their place and stead, appoint others as their deputies, define their duties and provide a system of organization to fix responsibility and promote efficiency.
Section 7 (1), (2) and (6) BEFORE amended by BC Reg 76/2022, effective March 30, 2022.
(1) The commission shall establish and maintain an accounting system satisfactory to the minister, and shall, whenever required by him, render detailed accounts of its revenues and expenditures for such period or to such day as he may designate.
(2) All books or records of accounts, documents and other financial records shall at all times be open for inspection by the minister or such other person as he may designate.
(6) The commission shall maintain such records on program activities as deemed necessary by the minister or a person designated by him, and shall present such records to the minister or his designee as requested.