Bylaw No. 2015-25 The Regina Exhibition Association Limited Borrowing and Guarantee Bylaw, 2015

This Bylaw provides the necessary authorizations for The Regina Exhibition Association Limited to borrow $13,000,000 as well as for the City to guarantee this debt. This bylaw sets out the amount of money to be borrowed, the purpose for the borrowing, the rate of interest or formulas for how interest is calculated, the term of the loan, terms of repayment as well as the sources for repayment of the loan. This Bylaw also provides information on the City’s debt limit and the City’s current level of debt.