Effective June 25, 2015
The Debt Issuance Committee is delegated the authority to make the final decisions with respect to the following matters to the extent that the authority has not already been delegated:
The Debt Issuance Committee shall consist of the following members:
A quorum shall be two members of the Committee, with at least one of the two members being the Regional Chair or Member of Regional Council.
The Debt Issuance Committee shall provide minutes of the Committee meetings to Council regarding the exercise of its delegated authority at the earliest opportunity after each debenture issuance and after the entering into of each long-term borrowing agreement.
The Debt Issuance Committee shall meet at the call of the Committee Chair.
Except as noted within the by-law, to effectively execute their responsibilities, the Debt Issuance Committee shall be subject to the provisions of the Procedure By-law and meetings notices will be give to members of the Debt Issuance Committee and posted to the Region’s website a minimum of 24 hours in advance of the meeting.
A designate of the Regional Clerk will provide secretariat support to the Debt Issuance Committee.