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University Foundations Regulations
made under subsection 15(1) of the
University Foundations Act
S.N.S. 1991, c. 8
O.I.C. 93-333 (April 6, 1993), N.S. Reg. 63/93
1 In these regulations,
(a) “Act” means the University Foundations Act;
(b) “foundation” means a foundation established pursuant to the Act;
(c) “Minister” means the Minister of Education.
[Note: Effective January 11, 2011, the reference to the Minister of Education should be read as a reference to the Minister of Labour and Advanced Education in accordance with Order in Council 2011-15 under the Public Service Act, R.S.N.S. 1989, c. 376.]
2 The following institutions are hereby designated as universities for the purpose of this Act:
(a) Acadia University;
(b) Atlantic School of Theology;
(c) Dalhousie University;
(d) Mount Saint Vincent University;
(e) Nova Scotia Agricultural College;
(f) Nova Scotia College of Art and Design;
Clause 2(g) repealed: O.I.C. 2000-114, N.S. Reg. 49/2000.
(h) St. Francis Xavier University;
(i) Saint Mary’s University;
Clause 2(j) repealed: O.I.C. 2000-114, N.S. Reg. 49/2000.
(k) Université Sainte-Anne;
(l) University College of Cape Breton;
(m) University of King’s College.
3 (1) The chair shall preside over all meetings of a foundation.
(2) The members of a foundation shall elect a vice-chair.
(3) If the chair is absent or unable to act or if the office is vacant, the vice-chair shall exercise and perform all the powers and duties of the chair.
(4) A majority of the members of a foundation constitutes a quorum.
4 (1) A foundation shall meet not less than twice during each fiscal year.
(2) Reasonable expenses necessarily incurred by a member of a foundation in connection with the work of the foundation shall be reimbursed at the rates applicable from time to time to members of the public service of the Province.
5 (1) If a foundation is wound up, assets of the foundation shall
(a) firstly, be used to pay the costs of winding up;
(b) secondly, be used to pay the liabilities of the foundation;
(c) thirdly, with respect to any remaining assets that were gifts, bequests, devises or grants received by a foundation, be transferred to the educational institution for which the foundation was established; and
(d) fourthly, be transferred to Her Majesty the Queen in right of the Province.