This is part of an archived statute consolidation that is current to September 15, 2003 and includes changes enacted and in force by that date.

"Point in Time" Act Content

MUNICIPAL FINANCE AUTHORITY ACT
[RSBC 1996] CHAPTER 325

NOTE: Links below go to act content as it was prior to the changes made on the effective date.
SECTION EFFECTIVE DATE
1 March 31, 2003
11 January 1, 2003
11.1 January 1, 2003
15 January 1, 2003
16 February 28, 2003

Section 1 definition "public institution" in paragraph (e.3) BEFORE amended by 2002-35-10 effective March 31, 2003 [on repeal of 1997-54-3&4 (BC Reg 152/03)].

(e.3) the Technical University of British Columbia established under the Technical University of British Columbia Act,

Section 11(1)(a) to (c) BEFORE amended by 2000-7-236 effective January 1, 2003 (BC Reg 338/02).

(a) borrowing in anticipation of the receipt of tax revenues under section 334.3 or 829 of the Local Government Act;

(b) financing of short term debts for purposes of a capital nature under section 334.4 or 830 of the Local Government Act;

(c) temporary financing of capital projects under section 335.2 or 834 of the Local Government Act;

Section 11.1(1)(a) BEFORE amended by 2000-7-237 effective January 1, 2003 (BC Reg 338/02).

(a) to a local government who is a party to an agreement under section 334.1 or 828 of the Local Government Act, or

Section 15(2) BEFORE amended by 2000-7-238 effective January 1, 2003 (BC Reg 338/02).

(2) Each regional district sharing in the proceeds of a security issue of the authority must pay over to the authority to repay the obligations to the authority under that security issue an amount equal to

(a) 1/2 the average annual installment of principal and interest in respect of its own borrowing under section 833 of the Municipal Act, and

(b) 1/2 the average annual installment of principal and interest as set out in the agreements entered into with, or securities issued to, the regional district by member municipalities with respect to financing under section 835 of the Municipal Act.

Section 16(3)(e) BEFORE amended by 2002-33-12 effective February 28, 2003 (BC Reg 34/03).

(e) any of the classes of investments permitted under section 15 of the Trustee Act;

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