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Volume 61, No. 7

63/2018

The British Columbia Gazette,

Part II

April 10, 2018

B.C. Reg. 63/2018 , deposited March 28, 2018, under the BRITISH COLUMBIA TRANSIT ACT [section 12]. Order in Council 157/2018, approved and ordered March 28, 2018.

On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that the British Columbia Transit Regulation, B.C. Reg. 30/91, is amended as set out in the attached Appendix.

— C. TREVENA, Minister of Transportation and Infrastructure ; S. FRASER, Presiding Member of the Executive Council .

Appendix

1 The British Columbia Transit Regulation, B.C. Reg. 30/91, is amended by adding the following section:

Sharing of cost – Victoria regional transit service 2018

(1) In this section, “lease fees” means charges payable by the regional transit commission to the authority, in relation to a tangible capital asset acquired in connection with the provision of transit services in the Victoria regional transit region, that represent, as applicable,

(

a) the regional transit commission’s fee for use of the asset, including for the costs of acquisition, construction, development and betterment of the asset and the costs of installing the asset at the location and in the condition necessary for its intended use,

(

b) debt financing and risk related charges or costs payable in relation to the cost of the commission’s use of the asset,

(

c) payment into the reserve fund referred to in

section 10 (1) (i), and

(

d) amounts sufficient for the authority to recover all of its other costs relating to the asset, including, but not limited to, taxes and administrative charges.

(2) The classes of expenses to be taken into account in determining the annual cost of providing transit services in the Victoria regional transit service area are the following:

(

a) for conventional transit service, the operating costs incurred in providing conventional transit service within the regional transit service area;

(

b) for custom transit service, the operating costs incurred in providing custom transit service within the regional transit service area, including the amount paid by the authority to redeem taxi saver coupons issued under the Taxi Saver Program after deducting from that amount the amount realized from the sale of those coupons;

(

c) lease fees.

(3) During the fiscal year beginning April 1, 2018, for transit services in the Victoria regional transit service area,

(

a) the regional transit commission must contribute 62.6%, the authority must contribute 29.1% and the regional transit commission and the authority must jointly contribute from the operating reserve referred to in

section 10 (1) (j) 8.3% of the amounts required to defray the classes of expenses described subsection (2) (

a) of this section,

(

b) the regional transit commission must contribute 36.0%, the authority must contribute 61.1% and the regional transit commission and the authority must jointly contribute from the operating reserve referred to in

section 10 (1) (j) 2.9% of the amounts required to defray the classes of expenses described subsection (2) (

b) of this section, and

(

c) the regional transit commission must contribute 100% and the authority must contribute 0% of the amounts required to defray lease fees.

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