Grants to Isolate Boards
25. (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 board’s actual grant calculation form for the short year. O. Reg. 210/99, s. 2. (2) For the purposes of this section, the short year tax revenue of an isolate board shall be determined as follows: 1. Add, i. the total of the amounts distributed to the board in respect of the 1998 calendar year under subsections 237 (12) and 238 (2), section 239, subsection 240 (5), sections 250 and 251 and subsections 257.8 (2) and 257.9 (1) of the Act, under sections 447.20 and 447.52 of the Municipal Act and under section 10 of Ontario Regulation 509/98, ii. the amounts, if any, received by the board in respect of the 1998 calendar year from a municipality under subsection 445 (4) of the Municipal Act, iii. the total of the payments in lieu of taxes distributed to the board in respect of the 1998 calendar year under subsection 371.1 (1) of the Municipal Act, iv. the total of the amounts, if any, received by the board in respect of the 1998 calendar year under the Municipal Grants Act (Canada) or under any Act of Canada that permits a payment to be made by a government or a government agency in lieu of taxes on real property, and v. the amounts, if any, shared with the board in respect of the 1998 calendar year under subsection 442.1 (11.3) of the Municipal Act. 2. Multiply by 0.62. 3. Add, i. the total of the amounts, if any, distributed to the board in the short year under subsection 2 (3) of Ontario Regulation 365/98, and ii. the total of the amounts, if any, paid to the board in the short year under clause 3 (1) (a) of Ontario Regulation 366/98. 4. Deduct the cost incurred in the short year by the board under section 257.7 of the Act in collecting taxes for school purposes in territory without municipal organization, to a maximum of 2 per cent of 62 per cent of the total amount of taxes levied by it for 1998 for school purposes in territory without municipal organization. 5. Deduct the total of the amounts paid as rebates by the board under section 257.2.1 of the Act in the short year. 6. Deduct 62 per cent of the total of the amounts, if any, paid by the board in respect of the 1998 calendar year under subsections 442.1 (7) and 442.2 (8.1) of the Municipal Act. O. Reg. 210/99, s. 2. (3) Amounts paid by the Minister to the isolate board in respect of the 1998 calendar year under section 257.11 of the Act shall be deemed to be amounts distributed to the board in respect of the 1998 calendar year under a provision of the Act referred to in subparagraph i of paragraph 1 of subsection (2). O. Reg. 210/99, s. 2. (4) Paragraph 4 of subsection (2) shall not be interpreted to preclude including in the isolate board’s approved expenditure an amount on account of the costs incurred by the board in collecting taxes in territory without municipal organization, where those costs exceed the amount deducted under paragraph 4 of subsection (2). O. Reg. 210/99, s. 2. (5) Where the approved expenditure of an isolate board exceeds its short year tax revenue, the board shall be paid a grant equal to the excess. O. Reg. 210/99, s. 2. Grants to Section 68 Boards