O. Reg. 40/11: WATER TECHNOLOGY ACCELERATION PROJECT
filed March 3, 2011 under Water Opportunities Act, 2010, S.O. 2010, c. 19, Sched. 1
Skip to contentONTARIO REGULATION 40/11
made under the
WATER OPPORTUNITIES ACT, 2010
Made: March 2, 2011
Filed: March 3, 2011
Published on e-Laws: March 4, 2011
Printed in The Ontario Gazette: March 19, 2011
WATER TECHNOLOGY ACCELERATION PROJECT
Interpretation
1. Words and expressions used in this Regulation have the same meanings as in Part II of the Act.
Composition of the board
2. (1) The board shall be composed of at least six and not more than 11 members.
(2) The Minister shall appoint the members of the board.
(3) In appointing members to the board, the Minister shall endeavour to select persons who will assist the Corporation in effectively carrying out its objects.
(4) Members of the board are eligible for reappointment.
Chair
3. (1) The Minister shall designate one of the members of the board as chair of the board.
(2) The chair of the board has a second or casting vote in the event of a tie.
Quorum
4. A quorum consists of a majority of the members of the board.
Remuneration and expenses
5. The members of the board are not entitled to any remuneration, but may be reimbursed for reasonable expenses incurred in the performance of their duties.
Application of corporate legislation
6. (1) Sections 132 and 136 of the Business Corporations Act apply, with necessary modifications, to the Corporation and the members of the board.
(2) Section 132 of the Corporations Act applies, with necessary modifications, to the Corporation.
Amendments
7. (1) Subsections 2 (2) to (4) of this Regulation are revoked and the following substituted:
(2) Upon the expiry of a member’s term of office or the creation of a vacancy on the board for any other reason, the remaining members of the board,
(a) shall elect a person to fill the office, if the expiry of the term or the vacancy results in less than six members sitting on the board; or
(b) may elect a person to fill the office, if there are still six or more members on the board despite the expiry of the term or the vacancy.
(3) If at any time the board is composed of less than 11 members, the members of the board may elect one or more additional members.
(4) In electing members, the members of the board shall endeavour to ensure that the board includes,
(a) an officer or employee of an academic institution;
(b) an officer or employee of a private sector corporation engaged in,
(i) developing and marketing water and wastewater technologies or services, or
(ii) raising capital for or financing the development of water and wastewater technology sector;
(c) an entrepreneur who owns or manages an innovative small business in Ontario’s clean-technology sector; and
(d) an officer or employee of a municipality.
(5) The members of the board shall endeavour to ensure that all members elected to the board are persons who will assist the Corporation in effectively carrying out its objects, regardless of whether the person is described in any of clauses (4) (a) to (d) or is a person from another sector of Ontario’s economy.
(6) Members of the board who were elected under subsection (2) or (3) are eligible for re-election and members of the board who were appointed by the Minister before April 1, 2012 are also eligible for election.
(7) The members of the board who are in office on April 1, 2012 continue in office until the expiry of their term of office.
(2) Subsection 3 (1) of this Regulation is revoked and the following substituted:
(1) The board shall designate one of its members as chair of the board.
(3) Section 6 of this Regulation is revoked and the following substituted:
Application of Not-for-Profit Corporations Act, 2010
6. Sections 41, 46 and 166 to 168 of the Not-for-Profit Corporations Act, 2010 apply, with necessary modifications, to the Corporation and the members of the board.
Commencement
8. (1) Subject to subsections (2) and (3), this Regulation comes into force on the later of the day section 4 of Schedule 1 to the Water Opportunities and Water Conservation Act, 2010 comes into force and the day this Regulation is filed.
(2) Subsections 7 (1) and (2) come into force on April 1, 2012.
(3) Subsection 7 (3) comes into force on the later of the day section 6 of this Regulation comes into force and the day subsection 4 (1) of the Not-for-Profit Corporations Act, 2010 comes into force.