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