jswizzle3737/ontario_laws_and_regs huggingface dataset:
1 In this Act, “Board” means the Board of Directors of the Corporation; (“conseil”) “Corporation” means the Ontario Mortgage and Housing Corporation; (“Société”) “Minister” means the Minister of Municipal Affairs and Housing or such other member of the Executive Council to whom the administration of this Act may be assigned under the Executive Council Act; (“ministre”) “prescribed” means prescribed by regulation; (“prescrit”) “regulations” means the regulations made under this Act. (“règlements”)  R.S.O. 1990, c. O.21, s. 1; 2000, c. 27, s. 177 (1); 2006, c. 32, Sched. E, s. 1 (2, 3). Section Amendments with date in force (d/m/y) 2000, c. 27, s. 177 (1)
- 13/12/2000 2006, c. 32, Sched. E, s. 1 (1-3) - 20/12/2006
2 (1) The Ontario Housing Corporation is continued as a corporation without share capital under the name Ontario Mortgage and Housing Corporation in English and Société ontarienne d’hypothèques et de logement in French.  2006, c. 32, Sched. E, s. 1 (4). Powers of a natural person (2) For the purposes of exercising its powers under this Act, the Corporation has the capacity and the rights, powers and privileges of a natural person, subject to the limitations set out in this Act.  2006, c. 32, Sched. E, s. 1 (4). Composition (2.1) The Corporation shall consist of at least five members appointed by the Lieutenant Governor in Council.  2006, c. 32, Sched. E, s. 1 (4). Term of office (2.2) A member shall hold office at the pleasure of the Lieutenant Governor in Council.  2006, c. 32, Sched. E, s. 1 (4). Seal (3) The Corporation shall have a seal which shall be adopted by resolution or by-law.  R.S.O. 1990, c. O.21, s. 2 (3). Fiscal year (4) On and after April 1, 2007, the Corporation’s fiscal year shall commence on April 1 in each year and end on March 31 in the following year.  2006, c. 32, Sched. E, s. 1 (5). Transition (4.1) The fiscal year that commenced on January 1, 2006 shall end on March 31, 2007.  2006, c. 32, Sched. E, s. 1 (5). Exception (5) The Corporations Act
does not apply to the Corporation.  R.S.O. 1990, c. O.21, s. 2 (5). Note: On the day subsection 4 (1) of the Not-for-Profit Corporations Act, 2010 comes into force, subsection 2 (5) of the Act is amended by striking out “The Corporations Act” at the beginning and substituting “The Not-for-Profit Corporations Act, 2010”. (See: 2017, c. 20, Sched. 8, s. 113) Section Amendments with date in force (d/m/y) 2000, c. 27, s. 177 (2)
- 13/12/2000 2006, c. 32, Sched. E, s. 1 (4, 5) - 20/12/2006; 2006, c. 35, Sched. C, s. 100 (1) - 20/08/2007 2017, c. 20, Sched. 8, s. 113 - not in force
3 (1) The members for the time being of the Corporation form and are its Board of Directors, and the Lieutenant Governor in Council shall designate one of them as chair of the Board.  R.S.O. 1990, c. O.21, s. 3 (1); 2000, c. 27, s. 177 (3). (2) Repealed:  2000, c. 27, s. 177 (4). Quorum (3) A majority of the directors for the time being constitutes a quorum at meetings of the Board.  R.S.O. 1990, c. O.21, s. 3 (3). By-laws (4) The Board may make by-laws regulating its proceedings and generally for the conduct and management of the affairs of the Corporation.  R.S.O. 1990, c. O.21, s. 3 (4). Section Amendments with date in force (d/m/y) 2000, c. 27, s. 177 (3, 4) - 13/12/2000
4. The affairs of the Corporation are under the management and control of the Board for the time being, and the chair shall preside at all meetings of the Board, or, in his or her absence or if the office of chair is vacant, the vice-chair has all the powers and shall perform all the duties of the chair.  R.S.O. 1990, c. O.21, s. 4.
5 Such officers and employees as are considered necessary for the proper conduct of the business of the Corporation may be appointed under Part III of the Public Service of Ontario Act, 2006.  2006, c. 35, Sched. C, s. 100 (2).  Section Amendments with date in force (d/m/y) 2006, c. 35, Sched. C, s. 100 (2) - 20/08/2007
5.1 The Corporation is an agent of the Crown in right of Ontario and may exercise its powers only as an agent of the Crown.  2006, c. 32, Sched. E, s. 1 (6); 2014, c. 7, Sched. 25, s. 1. Section Amendments with date in force (d/m/y) 2006, c. 32, Sched. E, s. 1 (6) - 20/12/2006 2014, c. 7, Sched. 25, s. 1 - 1/04/2015
5.2 (1) The Minister may issue policies and directives in writing to the Corporation in respect of any matter under this Act.  2006, c. 32, Sched. E, s. 1 (6). Corporation to follow policies and directives (2) The Corporation’s board of directors shall ensure that a policy or directive issued under subsection (1) is followed.  2006, c. 32, Sched. E, s. 1 (6). Policies and directives are not regulations (3) Policies and directives are not regulations within the meaning of Part III (Regulations) of the Legislation Act, 2006.  2006, c. 32, Sched. E, ss. 1 (6), 2 (3). Section Amendments with date in force (d/m/y) 2006, c. 32, Sched. E, s. 1 (6) - 20/12/2006; 2006, c. 32, Sched. E, s. 2 (3) - 20/12/2006
6 (1) The Corporation, with the approval of the Lieutenant Governor in Council, may make any loan, grant, guarantee or advance that may be made by the Lieutenant Governor in Council under section 2 of the Housing Development Act, or by the Minister under section 3 of that Act.  2006, c. 32, Sched. E, s. 1 (7). Power of Corporation to enter into agreements (2) The Corporation, with the approval of the Lieutenant Governor in Council, may enter into any agreement that Her Majesty in right of Ontario or the Minister is authorized to enter into under the Housing Development Act.  R.S.O. 1990, c. O.21, s. 6 (2). No power to create a subsidiary (3) The Corporation does not have the power to create a subsidiary. 2014, c. 7, Sched. 25, s. 2 (1). Power to acquire property (4) The Corporation may acquire and hold real property and dispose of such property only in the ordinary course of its business. 2014, c. 7, Sched. 25, s. 2 (2). (5) Repealed:  2000, c. 27, s. 177 (7). Section Amendments with date in force (d/m/y) 2000, c. 27, s. 177 (5-7) - 13/12/2000 2006, c. 32, Sched. E, s. 1 (7, 8) - 20/12/2006 2014, c. 7, Sched. 25, s. 2 (1, 2) - 1/04/2015 6.1 Repealed: 2014, c. 7, Sched. 25, s. 3. Section Amendments with date in force (d/m/y) 2006, c. 32, Sched. E, s. 1 (9) - 20/12/2006 2014, c. 7, Sched. 25, s. 3 - 1/04/2015
6.2 (1) The Corporation shall manage, administer and deliver all or part of the program known as “Program A2 – Affordable Home Ownership Program”, set out in Schedule A of the Affordable Housing Program Agreement.  2006, c. 32, Sched. E, s. 1 (9). Same (2) The Corporation shall manage, administer and deliver such housing programs or parts of housing programs as may be prescribed.  2006, c. 32, Sched. E, s. 1 (9). Same (3) For the purposes of subsections (1) and (2), the Corporation may, (a) enter into an agreement with any person; and (b) make any loan, grant, guarantee or advance related to the program, and take security for the loan, guarantee or advance.  2006, c. 32, Sched. E, s. 1 (9). Section Amendments with date in force (d/m/y) 2006, c. 32, Sched. E, s. 1 (9) - 20/12/2006
6.3 (1) In section 6.2 and this section,  “Affordable Housing Program Agreement” means the agreement signed April 29, 2005 and effective April 1, 2003 between the Canada Mortgage and Housing Corporation and Her Majesty the Queen in right of the Province of Ontario as represented by the Minister of Public Infrastructure Renewal.  2006, c. 32, Sched. E, s. 1 (9); 2014, c. 7, Sched. 25, s. 5. Agreement to be publicly available (2) The Minister shall ensure that a copy of the Affordable Housing Program Agreement is publicly available on the website of the Ministry of Municipal Affairs and Housing.  2006, c. 32, Sched. E, s. 1 (9). Section Amendments with date in force (d/m/y) 2006, c. 32, Sched. E, s. 1 (9) - 20/12/2006 2014, c. 7, Sched. 25, s. 5 - 1/04/2015
7. The Corporation, in addition to its other powers, shall be deemed to be a corporation constituted under subsection 7 (2) of the Housing Development Act.  R.S.O. 1990, c. O.21, s. 7.
8.1 All borrowing, financing, short-term investment of funds and financial risk management activities of the Corporation shall be co-ordinated and arranged by the Ontario Financing Authority, unless the Minister of Finance approves otherwise. 2014, c. 7, Sched. 25, s. 6. Section Amendments with date in force (d/m/y) 2014, c. 7, Sched. 25, s. 6 - 1/04/2015
9 (1) The Lieutenant Governor in Council may authorize the Treasurer of Ontario to guarantee payment by the Crown in right of Ontario of any debentures, bills, notes, charges or mortgages issued or made by or of any temporary loan made to the Corporation under the authority of this Act.  R.S.O. 1990, c. O.21, s. 9 (1); 2006, c. 32, Sched. E, s. 1 (10). Form of guaranty (2) The form of guaranty and the manner of execution shall be determined by the Lieutenant Governor in Council.  R.S.O. 1990, c. O.21, s. 9 (2). (3), (4) Repealed: 2014, c. 7, Sched. 25, s. 7. Section Amendments with date in force (d/m/y) 2006, c. 32, Sched. E, s. 1 (10-12) - 20/12/2006 2014, c. 7, Sched. 25, s. 7 - 1/04/2015
9.1 Section 9, as it reads immediately before the day section 7 of Schedule 25 to the Building Opportunity and Securing Our Future Act (Budget Measures), 2014 comes into force, continues to apply with respect to, (a) any guaranty given by the Crown in right of Ontario under section 9 before the day section 7 of Schedule 25 to the Building Opportunity and Securing Our Future Act (Budget Measures), 2014 comes into force; and (b) any debenture, bill, note, charge or mortgage issued or made by the Corporation or temporary loan made to the Corporation, the payment of which was guaranteed by the Crown under section 9 before that day. 2014, c. 7, Sched. 25, s. 8. Section Amendments with date in force (d/m/y) 2014, c. 7, Sched. 25, s. 8 - 1/04/2015
10 (1) The Lieutenant Governor in Council may authorize the Minister of Finance, (a) to purchase any debentures, bills or notes of the Corporation; and (b) to make advances to the Corporation in such amounts, at such times and on such terms and conditions as the Lieutenant Governor in Council may consider expedient.  R.S.O. 1990, c. O.21, s. 10 (1); 2000, c. 27, s. 177 (8). Idem (2) The money required for the purposes of subsection (1) shall be paid out of the Consolidated Revenue Fund.  R.S.O. 1990, c. O.21, s. 10 (2). Section Amendments with date in force (d/m/y) 2000, c. 27, s. 177 (8)
- 13/12/2000
10.1 (1) No proceeding shall be commenced against any of the following persons for any act done in good faith in the exercise or performance or intended exercise or performance of the person’s power or duty or for any alleged neglect or default in the exercise or performance in good faith of the person’s power or duty: 1. A director or officer of the Corporation. 2. A person employed under Part III of the Public Service of Ontario Act, 2006 who provides services to the Corporation. 3. A servant or agent of the Corporation. 2014, c. 7, Sched. 25, s. 9 (1). Corporation’s liability (2) Subsection (1) does not relieve the Corporation of any liability to which it would otherwise be subject in respect of a cause of action arising from any act, neglect or default referred to in subsection (1).  2006, c. 32, Sched. E, s. 1 (13); 2014, c. 7, Sched. 25, s. 9 (2). Section Amendments with date in force (d/m/y) 2014, c. 7, Sched. 25, s. 9 (1, 2) - 1/04/2015
10.2 (1) No proceeding shall be commenced against the Crown in right of Ontario as a result of any act, neglect or default of the Corporation or a person referred to in subsection 10.1 (1). 2014, c. 7, Sched. 25, s. 10. Exception (2) Subsection (1) does not apply to a proceeding to enforce against the Crown in right of Ontario its obligations under a written contract to which it is a party. 2014, c. 7, Sched. 25, s. 10. Section Amendments with date in force (d/m/y) 2006, c. 32, Sched. E, s. 1 (13) - 20/12/2006 2014, c. 7, Sched. 25, s. 10 - 1/04/2015
10.2.1 The Minister of Finance shall pay from the Consolidated Revenue Fund the amount of any judgment against the Corporation that remains unpaid after the Corporation has made reasonable efforts, including liquidating assets, to pay the amount of the judgment. 2014, c. 7, Sched. 25, s. 10. Section Amendments with date in force (d/m/y) 2014, c. 7, Sched. 25, s. 10 - 1/04/2015
10.3 Sections 132, 134 and 136 of the Business Corporations Act apply to the Corporation and to its directors and officers with necessary modifications.  2006, c. 32, Sched. E, s. 1 (13). Section Amendments with date in force (d/m/y) 2006, c. 32, Sched. E, s. 1 (13) - 20/12/2006
10.4 (1) Despite Part I of the Financial Administration Act, the assets and revenues of the Corporation shall not form part of the Consolidated Revenue Fund.  2006, c. 32, Sched. E, s. 1 (13). Same (2) The revenues of the Corporation shall be applied to carrying out its purposes. 2014, c. 7, Sched. 25, s. 11. Section Amendments with date in force (d/m/y) 2006, c. 32, Sched. E, s. 1 (13) - 20/12/2006 2014, c. 7, Sched. 25, s. 11 - 1/04/2015 10.5 Repealed: 2014, c. 7, Sched. 25, s. 12. Section Amendments with date in force (d/m/y) 2006, c. 32, Sched. E, s. 1 (13) - 20/12/2006 2014, c. 7, Sched. 25, s. 12 - 1/04/2015
10.6 The Loan and Trust Corporations Act does not apply to the Corporation except as specified by regulation.  2006, c. 32, Sched. E, s. 1 (13). Section Amendments with date in force (d/m/y) 2006, c. 32, Sched. E, s. 1 (13) - 20/12/2006
11 Despite any other Act, debentures issued by the Corporation and guaranteed by the Crown in right of Ontario are at all times a lawful investment for municipal, school and trust funds.  R.S.O. 1990, c. O.21, s. 11; 2006, c. 32, Sched. E, s. 1 (14). Section Amendments with date in force (d/m/y) 2006, c. 32, Sched. E, s. 1 (14) - 20/12/2006
12 The accounts and financial transactions of the Corporation shall be audited annually by the Auditor General, and a report of the audit shall be made to the Corporation and to the Minister.  R.S.O. 1990, c. O.21, s. 12; 2004, c. 17, s. 32. Section Amendments with date in force (d/m/y) 2004, c. 17, s. 32 - 30/11/2004
13 (1) The Corporation shall prepare an annual report, provide it to the Minister and make it available to the public. 2017, c. 34, Sched. 46, s. 42. Same (2) The Corporation shall comply with such directives as may be issued by the Management Board of Cabinet with respect to, (a) the form and content of the annual report; (b) when to provide it to the Minister; and (c) when and how to make it available to the public. 2017, c. 34, Sched. 46, s. 42. Same (3) The Corporation shall include such additional content in the annual report as the Minister may require. 2017, c. 34, Sched. 46, s. 42. Section Amendments with date in force (d/m/y) 2017, c. 34, Sched. 46, s. 42 - 01/01/2018
13.0.1 The Minister shall table the Corporation’s annual report in the Assembly and shall comply with such directives as may be issued by the Management Board of Cabinet with respect to when to table it. 2017, c. 34, Sched. 46, s. 42. Section Amendments with date in force (d/m/y) 2017, c. 34, Sched. 46, s. 42 - 01/01/2018
13.2 (1) The Lieutenant Governor in Council may by order require the Board to wind up the affairs of the Corporation and may by order specify terms relating to the winding up of the Corporation. 2014, c. 7, Sched. 25, s. 13. Duty of Board (2) The Board shall prepare a proposed plan for winding up the Corporation and transferring its assets, liabilities, rights and obligations and shall give the proposed plan to the Lieutenant Governor in Council. 2014, c. 7, Sched. 25, s. 13. Plan (3) The plan for winding up the Corporation may provide for, (a) liquidating assets and transferring the proceeds to the Consolidated Revenue Fund or to an agency of the Crown in right of Ontario; (b) transferring assets, liabilities, rights and obligations to the Crown or to an agency of the Crown; and (c) any other matter relating to the winding up of the Corporation. 2014, c. 7, Sched. 25, s. 13. Same (4) On the approval of the proposed plan by the Lieutenant Governor in Council, the Board shall wind up the affairs of the Corporation and transfer its assets, liabilities, rights and obligations, including transferring the proceeds from the liquidation of assets, in accordance with the plan. 2014, c. 7, Sched. 25, s. 13. Dissolution of Corporation (5) When the winding up of the Corporation is complete, the Lieutenant Governor in Council may by order dissolve the Corporation as of the date specified in the order. 2014, c. 7, Sched. 25, s. 13. Non-application of Legislation Act, 2006, Part III (6) Part III of the
Legislation Act, 2006 does not apply to an order of the Lieutenant Governor in Council made under this section. 2014, c. 7, Sched. 25, s. 13. Section Amendments with date in force (d/m/y) 2014, c. 7, Sched. 25, s. 13 - 1/04/2015
14 The Lieutenant Governor in Council may make regulations, (a)  Repealed: 2014, c. 7, Sched. 25, s. 14 (1). (b) prescribing housing programs or parts of housing programs for the purposes of subsection 6.2 (2); (c) prescribing provisions of the Loan and Trust Corporations Act that apply to the Corporation under section 10.6; (d) prescribing conditions and limitations and Acts or provisions of Acts or regulations or provisions of regulations for the purposes of subsection 6.2.1 (12) or 13.1 (10). 2006, c. 32, Sched. E, s. 1 (15); 2014, c. 7, Sched. 25, s. 14. Section Amendments with date in force (d/m/y) 2006, c. 32, Sched. E, s. 1 (15) - 20/12/2006 2014, c. 7, Sched. 25, s. 14 (1, 2) - 1/04/2015 ____________________  Français