jswizzle3737/ontario_laws_and_regs huggingface dataset:
1. Revoked:  O. Reg. 408/02, s. 1. Protection of Employees
Financial Adjustments
 3. (1) Subject to subsection (3), if a right, obligation, asset or liability is vested in a county under subsection 209 (15) of the Municipal Act, as that subsection read on December 31, 2002, that county shall pay the participating local municipality or local board thereof in which the right, obligation, asset or liability was previously vested, compensation based upon the market value of the right, obligation, asset or liability.  R.R.O. 1990, Reg. 815, s. 3 (1); O. Reg. 408/02, s. 3 (1). (2) The market value of a right, obligation, asset or liability is the amount the right, obligation, asset or liability might be expected to bring if it changed hands in the open market between a willing seller and a willing buyer on the day before a county passes a by-law under subsection 209 (2) of the Municipal Act, as that subsection read on December 31, 2002.  R.R.O. 1990, Reg. 815, s. 3 (2); O. Reg. 408/02, s. 3 (2). (3) If it is determined that the market value of a right, obligation, asset or liability transferred to the county is less than zero, the participating local municipality or local board thereof in which the right, obligation, asset or liability was previously vested shall pay the county the amount by which the market value is less than zero.  R.R.O. 1990, Reg. 815, s. 3 (3). (4) The compensation under subsection (3) shall be paid to the county at such times and in such amounts as the county and the participating local municipality or local board may agree or, failing agreement, in equal yearly instalments over a period of five years or such shorter period as the participating local municipality or local board may determine.  R.R.O. 1990, Reg. 815, s. 3 (4). (5) Compensation owing under subsection (1) or (3) shall bear interest calculated from the date the county passes a by-law under subsection 209 (2) of the Act, at the rate of 2 per cent less than the post-judgment interest rate applicable on that date as determined under subsection 127 (2) of the Courts of Justice Act.  R.R.O. 1990, Reg. 815, s. 3 (5). Alternative Dispute Settlement Mechanism
Alternative Dispute Settlement Mechanism
 4. (1) The county, the participating local municipalities and the local boards affected by the dispute described in subsection 209 (25) of the Municipal Act, as that subsection read on December 31, 2002 may, at any time before an application is made to the Ontario Land Tribunal under that subsection, establish a committee of mediators which shall investigate the matter and report its findings and recommendations on the dispute in writing to the affected parties.  R.R.O. 1990, Reg. 815, s. 4 (1); O. Reg. 408/02, s. 4 (1); O. Reg. 253/23, s. 1. (2) A committee of mediators established under subsection (1) shall be composed of, (a)  one person appointed by the county; (b)  one person appointed by all of the participating local municipalities and local boards thereof affected by the dispute; and (c)  one person, who shall chair the committee, appointed by the two persons described in clauses (a) and (b).  R.R.O. 1990, Reg. 815, s. 4 (2). (3) A committee of mediators shall determine its own procedure.  R.R.O. 1990, Reg. 815, s. 4 (3). (4) The report of the majority constitutes the report of a committee of mediators, but, if there is no majority agreement, the chair shall notify the affected parties in writing that there has been no agreement and the notification constitutes the report of committee.  R.R.O. 1990, Reg. 815, s. 4 (4). (5) A report of a committee of mediators is not binding on the affected parties.  R.R.O. 1990, Reg. 815, s. 4 (5). (6) No affected party shall apply to the Ontario Land Tribunal under subsection 209 (25) of the Municipal Act, as that subsection read on December 31, 2002 between the date a committee of mediators is established and the date the committee sends its report to the affected parties, unless an affected party gives all the other affected parties and the committee of mediators thirty days notice in writing of its intention to make the application.  R.R.O. 1990, Reg. 815, s. 4 (6); O. Reg. 408/02, s. 4 (2); O. Reg. 253/23, s. 1.  Français