(1) The Lieutenant Governor in Council may raise by way of loan in the manner provided by the Financial Administration Act sums that the Lieutenant Governor in Council considers necessary for the purposes of the Corporation, and the Minister of Finance shall use the sums to make advances to the Corporation by way of loan or to purchase securities issued by the Corporation in the amounts, at the times and on the terms and conditions that the Minister of Finance may determine. 2011, c. 9, Sched. 32, s. 23 (1).
Order authorizing loans, etc.
(2) The Lieutenant Governor in Council may by order authorize the Minister of Finance to purchase securities of or make loans to the Corporation in the amounts, at the times and on the terms as the Minister of Finance may determine, subject to the maximum principal amount specified by the Lieutenant Governor in Council that may be purchased or advanced or that may be outstanding at any time. 2011, c. 9, Sched. 32, s. 23 (2).
Payment from the CRF
(3) The Minister of Finance may pay out of the Consolidated Revenue Fund any amount required for the purposes of subsections (1) and (2). 2011, c. 9, Sched. 32, s. 23 (3).
Delegation
(4) The Lieutenant Governor in Council may by order delegate any or all of the powers of the Minister of Finance under subsections (1) and (2) to,
(a) a public servant employed under Part III of the Public Service of Ontario Act, 2006 who works in the Ministry of Finance, other than in the office of the Minister of Finance;
(b) a solicitor engaged to act for the Minister of Finance;
(c) the chief executive officer of the Ontario Financing Authority;
(d) a public servant employed under Part III of the Public Service of Ontario Act, 2006 who works in the Ontario Financing Authority; or
(e) a solicitor engaged to act for the Ontario Financing Authority. 2011, c. 9, Sched. 32, s. 23 (4).