Search Results | Clear Search | Previous (in doc) | Next (in doc) | Prev Doc | Next Doc
B.C. Reg. 86/99
O.C. 394/99
Deposited March 30, 1999
effective March 31, 1999
This consolidation is current to April 9, 2024.

South Coast British Columbia Transportation Authority Act

Greater Vancouver Transportation Authority Regulation

Definitions

1   In this regulation:

"Act" means the South Coast British Columbia Transportation Authority Act;

"authority" means the Greater Vancouver Transportation Authority.

Outstanding debt obligations

2   For the purposes of section 31 (1) of the Act, the outstanding debt obligations of the authority arising from borrowings must be calculated by adding the following:

(a) the current outstanding borrowings of the authority that are secured by debentures;

(b) the aggregate of the original amounts borrowed by the authority under currently outstanding capital leases;

(c) the current outstanding borrowings of the authority, including, but not limited to, current outstanding borrowings under notes, lines of credit and bank overdrafts.

[Provisions of the South Coast British Columbia Transportation Authority Act, S.B.C. 1998, c. 30, relevant to the enactment of this regulation: section 31]