16.6 (1) In this section, “designated minister or ministry” means a minister or ministry that has been designated for the purpose of this section by order of the Lieutenant Governor in Council; (“ministre ou ministère désigné”) “designated public entity” means a public entity that has been designated for the purpose of this section by order of the Lieutenant Governor in Council; (“entité publique désignée”) “financial activities” includes borrowing, leasing, investing and banking and the management of cash, financial assets, financial risks and financial liabilities. (“activités financières”)  1996, c. 29, s. 3; 2010, c. 1, Sched. 7, s. 20 (1). Control of financial activities (2) Despite any other Act or the regulations under any other Act, the Minister of Finance may authorize the Ontario Financing Authority to direct, control or carry out some or all of the financial activities that any designated minister or ministry or any designated public entity is authorized by any Act, regulation or agreement to undertake or carry out.  1996, c. 29, s. 3; 2010, c. 1, Sched. 7, s. 20 (2). Authorization (3) An authorization under subsection (2), (a) shall be in writing; (b) shall state the minister, ministry or public entity to which it applies and specify the order of the Lieutenant Governor in Council designating that minister, ministry or public entity; (c) shall indicate the financial activities that the Ontario Financing Authority is authorized to direct, control or carry out; and (d) shall set out such other terms and conditions as the Minister of Finance considers appropriate for the purpose of the authorization.  1996, c. 29, s. 3; 2010, c. 1, Sched. 7, s. 20 (3). Same (4) The Minister of Finance, from time to time in writing, may vary the provisions of an authorization, as he or she considers appropriate, and may rescind any authorization at any time.  1996, c. 29, s. 3. Power of Ontario Financing Authority (5) For the purpose of directing, controlling or carrying out any financial activities mentioned in an authorization under subsection (2), the Ontario Financing Authority may in the name of and on behalf of the minister, ministry or public entity to which the authorization applies, (a) negotiate, enter into, carry out or perform any agreement concerning financial activities that it is authorized under subsection (2) to direct, control or carry out; (b) exercise the rights and discharge the obligations of the minister, ministry or public entity to which the authorization applies under any agreement to which the Crown or that minister, ministry or public entity is a party; and (c) execute all documents and do such other acts and things as the Ontario Financing Authority considers necessary or desirable to direct, control or carry out the financial activities authorized under subsection (2).  1996, c. 29, s. 3; 2010, c. 1, Sched. 7, s. 20 (4, 5). Investment in market securities (6) Unless otherwise agreed by a minister, ministry or public entity, as the case may be, securities issued by Ontario and purchased as an investment by or on behalf of the minister, ministry or public entity pursuant to an authorization under subsection (2) shall be purchased at prices, and bear interest, if any, comparable to the prices and rates of interest for similar securities issued and sold by Ontario in the public capital markets of Canada.  1996, c. 29, s. 3; 2010, c. 1, Sched. 7, s. 20 (6). No action to be commenced (7) Subject to subsection (8), no action or proceeding of any kind shall be commenced against the Ontario Financing Authority, a minister, ministry or public entity, or against an employee, officer, director or agent of the Ontario Financing Authority, a minister, ministry or public entity, for any act, omission, neglect or default in good faith done or omitted to be done in connection with implementing or complying with an authorization under subsection (2).  1996, c. 29, s. 3; 2010, c. 1, Sched. 7, s. 20 (7). Agreements not affected (8) Subsection (7) shall not be construed to limit the validity or enforceability of any agreement made or purporting to be made pursuant to an authorization under subsection (2).  1996, c. 29, s. 3. Section Amendments with date in force (d/m/y) 1996, c. 29, s. 3 - 9/12/1996 2010, c. 1, Sched. 7, s. 20 (1-7) - 1/04/2010 PART III   PUBLIC DEBT