TCDSB
Policy Register
ADDITIONS
AND REPLACEMENTS - PRIORITY
AND FUNDING B.M.03
Policy
The "Ministry Equity Capital Reserve" (MECR) and
the "Board Equity Capital Reserve" (BECR), derived from the disposal of surplus
sites, shall be used on a first priority basis to fund additions and/or replacements which
do not receive an MET allocation.
Regulations:
1. The priority list which indicates the need for a
replacement of or an addition to a school shall be updated annually in the Board's Capital
Expenditure Forecast (CEF) submitted to the MET.
2. After receipt of the MET allocations, the priority list
shall be used annually to identify the addition(s) and/ or replacement(s) to be considered
for construction from the reserve fund.
BM p 126, 19 Jun 86; BM p 476, Apr 80.
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