Title BEFORE re-enacted by BC Reg 158/2024, effective June 19, 2024.
Development Cost Charge
(Instalments) Regulation
Title BEFORE re-enacted by BC Reg 99/2025, effective January 1, 2026.
Development Cost Charge and Amenity Cost
Charge (Instalments) Regulation
Section 1 definition of "charge" BEFORE amended by BC Reg 98/2018, effective May 17, 2018.
"charge" means a development cost charge imposed under section 933 (6) of the Local Government Act for a subdivision approval or grant of a building permit;
Section 1 definition of "charge" BEFORE amended by BC Reg 158/2024, effective June 19, 2024.
"charge" means a development cost charge imposed under section 559 (1) of the Local Government Act for a subdivision approval or grant of a building permit;
Section 1 definitions of "Act" and "index date" were added by BC Reg 99/2025, effective January 1, 2026.
Section 1 definition of "charge" BEFORE amended by BC Reg 99/2025, effective January 1, 2026.
"charge" means either of the following:
(a) a development cost charge imposed under section 559 (1) of the Local Government Act for a subdivision approval or grant of a building permit;
(b) an amenity cost charge imposed under section 570.2 (1) of the Local Government Act for a subdivision approval or grant of a building permit;
Section 4 BEFORE re-enacted by BC Reg 99/2025, effective January 1, 2026.
Payment of charge in full
4 The developer shall pay the charge in full within 2 years after the date that the subdivision is approved or the building permit is granted by paying not less than
(a) 1/3 of the total charge at the time of the approval of the subdivision or granting of the permit, and
(b) 1/2 of the balance within one year after the date of the approval of the subdivision or granting of the permit.
Section 4 (b) (ii) (part) BEFORE amended by BC Reg 161/2025, effective January 1, 2026.
(ii) if occupancy permits are required under section 298 (1) (d) [building regulation bylaws] of the Act in relation to the development, the date that is 15 business days after the date on which
Section 7 BEFORE amended by BC Reg 255/2011, effective July 1, 2012.
Surety for payment by instalment
7 A developer electing to pay a charge by instalments must deposit with the treasurer at the same time as he pays the first instalment
(a) an irrevocable letter of credit or undertaking from a bank, credit union or a trust company registered under the Financial Institutions Act, or
(b) a bond of a surety licensed under the Insurance Act, or
(c) a security duly assigned
which ensures to the satisfaction of the treasurer that upon default the balance of the unpaid charge will be recoverable from the person, the bank, the surety or from the proceeds of the realization of the security, as the case may be.
[am. B.C. Reg. 58/85.]
Section 7 BEFORE re-enacted by BC Reg 99/2025, effective January 1, 2026.
Surety for payment by instalment
7 A developer electing to pay a charge by instalments must deposit with the treasurer at the same time as the developer pays the first instalment
(a) an irrevocable letter of credit or undertaking from a bank, or a credit union or trust company that has a business authorization issued under the Financial Institutions Act, or
(b) a bond of an insurer that has a business authorization issued under the Financial Institutions Act, or
which ensures to the satisfaction of the treasurer that upon default the balance of the unpaid charge will be recoverable from the person, the bank, the surety or from the proceeds of the realization of the security, as the case may be.
[am. B.C. Regs. 58/85; 255/2011.]