jswizzle3737/ontario_laws_and_regs huggingface dataset:
1. (1) No loan made under the Act for the construction of works shall exceed 75 per cent of the total cost of the works or the amount obtained by multiplying the number of metres of shoreline of the property in respect of which the loan is made by $500, whichever is the lesser.  R.R.O. 1990, Reg. 1017, s. 1 (1). (2) No loan made under the Act for building raising, building relocation or building repairs shall exceed 75 per cent of the total cost of the raising, relocation or repairs or $20,000, whichever is the lesser.  R.R.O. 1990, Reg. 1017, s. 1 (2).
2. (1) The borrowing by-law referred to in subsection 3 (1) of the Act, for use by a municipality not within a district, metropolitan or regional municipality, shall be in Form 1.  R.R.O. 1990, Reg. 1017, s. 2 (1). (2) The borrowing by-law referred to in subsection 3 (1) of the Act, for use by a municipality within a district, metropolitan or regional municipality, shall be in Form 2.  R.R.O. 1990, Reg. 1017, s. 2 (2). (3) The borrowing by-law, for use by a district, metropolitan or regional municipality on behalf of an area municipality, shall be in Form 3.  R.R.O. 1990, Reg. 1017, s. 2 (3).
3. The debenture referred to in subsection 3 (1) of the Act shall be in Form 4.  R.R.O. 1990, Reg. 1017, s. 3.
4. The affidavit of the clerk of the municipality referred to in subsection 3 (4) of the Act shall be in Form 5.  R.R.O. 1990, Reg. 1017, s. 4.
5. The application for a loan and the accompanying declaration referred to in the Act shall be in Form 6 and Form 7 respectively.  R.R.O. 1990, Reg. 1017, s. 5.
6. The inspection and completion certificate referred to in section 5 of the Act shall be in Form 8.  R.R.O. 1990, Reg. 1017, s. 6.
7. (1) The offer to sell a debenture referred to in subsection 6 (10) of the Act, for use by a municipality, shall be in Form 9.  R.R.O. 1990, Reg. 1017, s. 7 (1). (2) The offer to sell a debenture referred to in subsection 6 (10) of the Act, for use by a district, metropolitan or regional municipality, shall be in Form 10.  R.R.O. 1990, Reg. 1017, s. 7 (2).
8. The rating by-law referred to in section 9 of the Act shall be in Form 11.  R.R.O. 1990, Reg. 1017, s. 8.
9. (1) The rate of interest for the purposes of subsection 6 (4) of the Act is 8 per cent a year.  R.R.O. 1990, Reg. 1017, s. 9 (1). (2) The rate of interest for the purposes of subsection 10 (2) of the Act is 8 per cent a year calculated on such amount of the annual payment of principal and interest as is in default.  R.R.O. 1990, Reg. 1017, s. 9 (2). (3) Despite subsection (1), the rate of interest under subsection 6 (4) of the Act for debentures issued on or after the day this subsection comes into force is 6.8 per cent a year.  O. Reg. 392/97, s. 1. (4) Despite subsection (2), the rate of interest under subsection 10 (2) of the Act for any payment of principal and interest that comes into default on or after the day this subsection comes into force is 6.8 per cent a year.  O. Reg. 392/97, s. 1.
10. The term of the debentures sold under this Act shall be for a period of ten years.  R.R.O. 1990, Reg. 1017, s. 10.