jswizzle3737/ontario_laws_and_regs huggingface dataset:
Interpretation
 1. In this Regulation, “available amount” means, in relation to any fiscal year of the province, the amount authorized to be paid to eligible recipients under subsection 2 (1) of the Act in respect of that fiscal year; “preliminary surplus” means the amount that, but for the payments made under the Act in respect of a fiscal year, would be the surplus for the fiscal year as provided in the province’s consolidated financial statements.  O. Reg. 277/08, s. 1.
Allocation of preliminary surplus to reduction of accumulated deficit
 2. For the purposes of the definition of “B” in subsection 2 (2) of the Act, the amount of the preliminary surplus in respect of the fiscal year commencing April 1, 2007 to be allocated to the reduction of the accumulated deficit shown in the province’s consolidated financial statements shall be determined as follows: 1. If the preliminary surplus is less than $800,000,000, all of the preliminary surplus is to be allocated to the reduction of the accumulated deficit. 2. If the preliminary surplus is greater than or equal to $800,000,000 but less than or equal to $2,600,000,000, $600,000,000 of the preliminary surplus is to be allocated to the reduction of the accumulated deficit. 3. If the preliminary surplus is greater than $2,600,000,000, the amount of the preliminary surplus to be allocated to the reduction of the accumulated deficit is the sum of $600,000,000 plus the amount of the preliminary surplus in excess of $2,600,000,000.  O. Reg. 277/08, s. 2.
Eligible recipients
 3. Every municipality in Ontario is an eligible recipient in respect of the fiscal year commencing April 1, 2007.  O. Reg. 277/08, s. 3.
Eligible purposes
 4. Payments made under the Act, if any, in respect of the fiscal year commencing April 1, 2007,  (a) may only be used by an eligible recipient for expenditures that are capital expenditures with respect to the eligible recipient under generally accepted accounting principles for local governments as recommended, from time to time, by the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants; and (b) shall not be used for the purpose of reducing or paying out the amount of any debt relating to a capital expenditure if the debt was incurred by the eligible recipient before the date on which the relevant payment is received.  O. Reg. 277/08, s. 4.
Method of and basis for allocations to eligible recipients
 6. Omitted (provides for coming into force of provisions of this Regulation).  O. Reg. 277/08, s. 6.