s. 1
— Definitions
In this regulation:
s. 1
— Act
Act means the South Coast British Columbia Transportation Authority Act;
s. 1
— authority
authority means the Greater Vancouver Transportation Authority.
s. 2
— Outstanding debt obligations
For the purposes of section 31 (1) of the Act, the outstanding debt obligations of the authority arising from borrowings must be calculated by adding the following:
s. 2(a)
the current outstanding borrowings of the authority that are secured by debentures;
s. 2(b)
the aggregate of the original amounts borrowed by the authority under currently outstanding capital leases;
s. 2(c)
the current outstanding borrowings of the authority, including, but not limited to, current outstanding borrowings under notes, lines of credit and bank overdrafts.