(1) Without limiting the generality of section 6, the Corporation may obtain funding by borrowing money, by issuing bonds, debentures and other securities, and through,
(a) the establishment of a subsidiary corporation by Lieutenant Governor in Council under section 32;
(b) the acquisition of a subsidiary corporation under section 33;
(c) the establishment of a trust, partnership or other entity under section 35; or
(d) the acquisition of the assets or, if applicable, the liabilities, of a trust, partnership or other entity under section 35. 2011, c. 9, Sched. 32, s. 8 (1).
Restriction on certain financial activities
(2) The Corporation shall not borrow, invest funds or manage financial risks unless,
(a) the activity is authorized by a by-law of the Corporation; and
(b) the by-law is approved in accordance with section 13. 2011, c. 9, Sched. 32, s. 8 (2).
Co-ordination of certain financial activities
(3) Subject to subsection (4), the Ontario Financing Authority shall co-ordinate and arrange all borrowing, investing of funds and managing of financial risks of the Corporation. 2011, c. 9, Sched. 32, s. 8 (3).
Same
(4) The Minister of Finance may in writing direct a person other than the Ontario Financing Authority to perform the functions referred to in subsection (3). 2011, c. 9, Sched. 32, s. 8 (4).
Direction of Minister
(5) A direction of the Minister of Finance under subsection (4) may be general or specific and may include terms and conditions that the Minister of Finance considers advisable. 2011, c. 9, Sched. 32, s. 8 (5).
Non-application of Legislation Act, 2006, Part III
(6) Part III of the Legislation Act, 2006 does not apply to a direction issued under subsection (4). 2011, c. 9, Sched. 32, s. 8 (6).