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Order in Council 1692/2024

On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:

Whereas the Lieutenant Governor in Council may by order authorize the Minister of Finance to purchase securities of or make loans to Ontario Infrastructure and Lands Corporation (the “Corporation”);

And

whereas , it is considered necessary to authorize the Minister of Finance to purchase securities of and make loans to the Corporation for the purposes of the Corporation’s new housing- enabling water infrastructure lending stream of the Corporation’s existing infrastructure lending program;

Therefore :

Pursuant to subsection 23(2) of the Ontario Infrastructure and Lands Corporation Act, 2011 (the “Act”) the Minister of Finance is authorized 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 up to a maximum amount of $1,330,000,000 (comprised of a maximum principal amount of $1,000,000,000 and capitalized interest on that amount not to exceed $330,000,000).

Each delegation made in this Order extends to each person from time to time holding an acting appointment to a position whose regular occupant is entitled to exercise the delegated authority.

This Order comes into effect upon the later of signature and 15 January 2025.

Ministry of Finance

Approved and Ordered:

December 12, 2024

Updated: October 08, 2025

Published: January 09, 2025