For the purposes of section 176 (1) (c) [corporate powers – assistance] and this Division, “assistance” means providing a grant, benefit, advantage or other form of assistance, including
(a)
an exemption from a tax, fee or charge, and
(b)
the forms of assistance referred to in section 185 (1) [publication of intention to provide certain kinds of assistance].
A board may, by an affirmative vote of at least 2/3 of the votes cast, provide assistance for the conservation of property referred to in section 25 (3) [heritage property assistance] of the Community Charter.
(3)
The powers under this section are in addition to the power under section 176 (1) (c) [corporate powers – assistance] and apply despite section 182 [prohibition against assistance to business].
1999-37-49; 2003-52-192 (B.C. Reg. 465/2003).
Limitation on assistance by
means of tax exemption
As a limitation on sections 176 (1) (c) and 183, a board may provide a property tax exemption only in accordance with Division 4.4 [Tax Rates and Exemptions] of Part 24.
2003-52-193 (B.C. Reg. 465/2003).
Publication of intention to provide
certain kinds of assistance