3.4 Contingency Reserve Fund Contribution In First Annual Budget

• 3.4 For the purposes of section 93 of the Act, the amount of the annual contribution to the contingency reserve fund for the fiscal year following the first annual general meeting must be at least 10% of the total amount budgeted for the contribution to the operating fund for the 12-month period covered by that budget.

[en. B.C. Reg. 7/2023, Sched. 2, s. 2.]