Amount for retrofitting school space for child care
 52.1 (1) The amount for the board for the fiscal year for additions, retrofits and major renovations to school space for child care is the amount set out in Column 3 of Table 25.1 opposite the name of the board. O. Reg. 54/15, s. 3; O. Reg. 244/17, s. 3 (1). (2) The Minister may recover a portion of the amount for additions, retrofits and major renovations to school space for child care provided to the board in respect of the time period beginning on July 10, 2012 and ending on August 31, 2017, if, by August 31, 2017, (a) the board has not met its targets, as determined in accordance with subsection (3); or (b) the board has not spent the entire amount provided to it for this purpose. O. Reg. 54/15, s. 3; O. Reg. 244/17, s. 3 (2). (3) The following sets out the formula for determining whether a board has met its targets: 1. Determine the total number of child care spaces that meet all of the following requirements: i. During the time period beginning on July 10, 2012 and ending on August 31, 2017, the child care space has been or will be created by an addition or major renovation, or has been or will be retrofitted. ii. The child care space is for the purpose of providing child care during a fiscal year for children who, on August 31 of the previous fiscal year, were younger than 44 months of age. iii. The child care space is in buildings or on real property owned, leased or otherwise acquired by the board. 2. Multiply the number set out in Column 2 of Table 25.1 opposite the name of the board, by 0.75, and round to two decimal places. 3. If the number determined under paragraph 1 is equal to or greater than the number determined under paragraph 2, the board has met its targets. 4. If the number determined under paragraph 1 is less than the number determined under paragraph 2, the board has not met its targets. O. Reg. 54/15, s. 3; O. Reg. 244/17, s. 3 (3). (4) For the purposes of subsection (2), subsection 51.1 (2) of the 2013-2014 grant regulation and subsection 51.1 (2) of the 2012-2013 grant regulation, the Minister may recover the following amount from a board: 1. If the board met its targets but the amount it spent on additions, retrofits and major renovations to school space for child care during the period beginning on July 10, 2012 and ending on August 31, 2017 was less than the amount set out in Column 4 of Table 25.1 opposite the name of the board, determine an amount using the following formula: A – B where, “A” is the amount set out in Column 4 of Table 25.1 opposite the name of the board, and “B” is the amount spent by the board. 2. If the board did not meet its targets, the following applies: i. Determine an amount using the following formula: A – (A × B × 1.25) where, “A” is the amount set out in Column 4 of Table 25.1 opposite the name of the board, and “B” is the number calculated by dividing the number determined under paragraph 1 of subsection (3) by the number set out in Column 2 of Table 25.1 opposite the name of the board, rounded to two decimal places. ii. Determine an amount using the formula set out in paragraph 1. If the result is negative, it is deemed to be 0. iii. Take the greater of the amounts determined under subparagraphs i and ii. O. Reg. 54/15, s. 3; O. Reg. 244/17, s. 3 (4). (5) Revoked: O. Reg. 244/17, s. 3 (5).