Grants to isolate boards
 62. (1) For the purposes of this section, the approved expenditure of an isolate board is the expenditure that is acceptable to the Minister as shown on the forms provided by the Ministry to the isolate board for the purpose of calculating its 2009-2010 legislative grant.  O. Reg. 155/09, s. 62 (1). (2) In making determinations for the purposes of subsection (1), the Minister shall apply the funding formula on which the provisions of this Regulation relating to grants to district school boards is based, with such adaptations as the Minister considers advisable to take account of characteristics particular to isolate boards.  O. Reg. 155/09, s. 62 (2). (3) For the purposes of this section, the 2009-2010 tax revenue of an isolate board is determined as follows: 1. Add: i. 38 per cent of the sum of, A. the total of the amounts distributed to the board in respect of the 2009 calendar year under subsections 237 (12) and 238 (2), section 239, subsection 240 (4), sections 250 and 251 and subsections 257.8 (2) and 257.9 (1) of the Education Act, under sections 447.20 and 447.52 of the Municipal Act as made applicable by section 474 of the Municipal Act, 2001 and under subsections 364 (22) and 365.2 (16) of the Municipal Act, 2001, B. the amounts, if any, referred to in subsection 364 (22) of the Municipal Act, 2001, as made applicable by section 257.12.3 of the Education Act, that are paid to the board in respect of the 2009 calendar year, C.  Revoked:  O. Reg. 198/10, s. 13 (1). D. the payments in lieu of taxes distributed to the board in respect of the 2009 calendar year under subsection 322 (1) of the Municipal Act, 2001, E. the grants, if any, made to the board in respect of the 2009 calendar year under subsection 302 (2) of the Municipal Act, 2001, and F. the amounts, if any, paid to the board in respect of the 2009 calendar year under subsections 9 (2) and (4) of the Tax Incentive Zones Act (Pilot Projects), 2002, ii. 62 per cent of the sum of, A. the total of the amounts distributed to the board in respect of the 2010 calendar year under subsections 237 (12) and 238 (2), section 239, subsection 240 (4), sections 250 and 251 and subsections 257.8 (2) and 257.9 (1) of the Education Act, under sections 447.20 and 447.52 of the Municipal Act as made applicable by section 474 of the Municipal Act, 2001 and under subsections 364 (22) and 365.2 (16) of the Municipal Act, 2001, B. the amounts, if any, referred to in subsection 364 (22) of the Municipal Act, 2001, as made applicable by section 257.12.3 of the Education Act, that are paid to the board in respect of the 2010 calendar year, C. the total of all amounts, if any, paid to the board in respect of the 2010 calendar year by a municipality under subsections 353 (4), (4.1) and 366 (3) of the Municipal Act, 2001, D.  Revoked:  O. Reg. 198/10, s. 13 (2). E. the payments in lieu of taxes distributed to the board in respect of the 2010 calendar year under subsection 322 (1) of the Municipal Act, 2001, F. the grants, if any, made to the board in respect of the 2010 calendar year under subsection 302 (2) of the Municipal Act, 2001, and G. the amounts, if any, paid to the board in respect of the 2010 calendar year under subsections 9 (2) and (4) of the Tax Incentive Zones Act (Pilot Projects), 2002, and iii. the total of the taxes received by the board in respect of the 2009 calendar year under section 35 of the Assessment Act. 2. Calculate the difference between the following amounts and deduct that difference if the amount described in subparagraph i is less than the amount described in subparagraph ii or add that difference if the amount described in subparagraph i is more than the amount described in subparagraph ii: i. The amount that was determined under subparagraph 1 ii of subsection 63 (3) of the 2008-2009 grant regulation for the purposes of calculating the amount payable to the board as legislative grant in respect of the 2008-2009 school board fiscal year. ii. The amount that would have been determined under subparagraph 1 ii of subsection 63 (3) of the 2008-2009 grant regulation if that amount had been determined on the basis of the board’s annual financial statements as reported to the Ministry for the 2008-2009 school board fiscal year. 3. Deduct the costs for which the board is responsible under the Act or the Municipal Elections Act, 1996 that are incurred in the fiscal year to conduct elections of members in territory without municipal organization that is deemed to be a district municipality for the purposes of clause 257.12 (3) (a) of the Education Act. 4. Deduct the amounts charged to the board in the 2009 calendar year by a municipal council under section 353 of the Municipal Act, 2001, including amounts charged under that section as a result of private legislation. 5. Deduct 38 per cent of the total of the amounts, if any, paid by the board in respect of the 2009 calendar year under subsections 361 (7), 364 (11), 365 (3) to (5), 365.1 (13) to (15) and 365.2 (8) of the Municipal Act, 2001. 6. Deduct 62 per cent of the total of the amounts, if any, paid by the board in respect of the 2010 calendar year under subsections 361 (7), 364 (11), 365 (3) to (5), 365.1 (13) to (15) and 365.2 (8) of the Municipal Act, 2001.  O. Reg. 155/09, s. 62 (3); O. Reg. 198/10, s. 13; O. Reg. 14/12, s. 2; O. Reg. 206/16, s. 3. (4) Amounts, if any, paid by the Minister to the board in respect of the 2009 calendar year under section 257.11 of the Act are deemed to be amounts distributed to the board in respect of the 2009 calendar year under a provision of the Act referred to in subparagraph 1 i of subsection (3) of this section.  O. Reg. 155/09, s. 62 (4). (5) Amounts, if any, paid by the Minister to the board in respect of the 2010 calendar year under section 257.11 of the Act are deemed to be amounts distributed to the board in respect of the 2010 calendar year under a provision of the Act referred to in subparagraph 1 ii of subsection (3) of this section.  O. Reg. 155/09, s. 62 (5). (6) If the approved expenditure of an isolate board exceeds its 2009-2010 tax revenue, the board is paid a grant equal to the excess.  O. Reg. 155/09, s. 62 (6).