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Proposed Amendments to Ontario Regulation 79/10 (Regulation) under the Long-Term Care Homes Act, 2007 (LTCHA) related to Boards of Management

The Ministry is proposing the following amendments to the Regulation under the LTCHA and that the proposed amendments, if approved, would come into effect on April 1, 2018.

  1. Establish a maximum of 25%, up from 15% currently, that a Board of Management is able to include in its yearly budget as an operating reserve, to be apportioned to its supporting municipalities.
  2. Expand a Board of Management’s capacity to borrow for operating purposes by increasing the maximum amount the Board may borrow from up to 25 per cent of the estimated yearly revenue, to up to 50 per cent, where each supporting municipality has passed a resolution supporting the board’s expanded ability to borrow.
  3. Enable a Board of Management to borrow for capital purposes where each supporting municipality has passed a resolution supporting the board’s ability to borrow.

For additional details about the above three proposals, please see the Notice of the Proposed Initial Draft Regulations.

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