Regulations in relation to Financial Management
The Short Term Borrowing Regulation (B.C. Reg. 368/2003)
relates to how municipalities handle expenditures and liabilities under
Part 6 - Financial Management of the Community Charter.
- The Short Term Borrowing Regulation (B.C. Reg. 368/2003)
prescribes the short term capital borrowing limit for
municipalities as the amount equal to $50 multiplied by the
population of the municipality. These matters were previously
dealt with in section 334.4 of the Local Government Act,
and the provisions of this regulation are substantively the same.
This regulation is authorized by sections
178 and 282 of the Community Charter.
Please direct questions or comments to
Advisory Services Branch