Debt Issuance Committee terms of reference

Terms of reference

Effective June 25, 2015

Members of the Debt Issuance Committee

The Debt Issuance Committee shall consist of the following members:

Quorum

A quorum shall be two members of the Committee, with at least one of the two members being the Regional Chair or the Chair of the Enterprise Programs and Services Section of Council.

Term

Responsibilities

The Debt Issuance Committee is delegated the authority to make the final decisions with respect to the following matters to the extent that the authority has not already been delegated:

Reporting

The Debt Issuance Committee shall provide minutes of Committee meetings to Council regarding the exercise of its delegated authority at the earliest opportunity after each debenture issuance and after the entering into of each long-term borrowing agreement.
Procedures