Municipality of Hastings Highlands Council Agenda May 20 2026
Council Sets 2026 Borrowing Limits with Bank of Nova Scotia
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Description
Council passed Bylaw 2026-024 authorizing temporary borrowing from the Bank of Nova Scotia up to $6.8 million from January to September and $3.4 million thereafter in 2026. The short-term credit facility will support municipal cash flow needs, including the HH Road 62 project.
Contract Details
Contract Amount
Borrowing authority up to $6,800,000 (Jan 1–Sep 30) and $3,400,000 (after Sep 30)
Vendor
BANK OF NOVA SCOTIA
Agency
Municipality of Hastings Highlands, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 16, 2026
Contract Term
2026 fiscal year
Renewal Date
2026-12-31
Renewal Info
Annual borrowing bylaw for 2026 replaces Bylaw 2026-002; authority applies to current-year expenditures and must be renewed in future years with a new bylaw.
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Municipality of Hastings Highlands Council Agenda May 20 2026
Municipality of Hastings Highlands Council Agenda May 20 2026
Municipality of Hastings Highlands Council Agenda May 20 2026
Municipality of Hastings Highlands Council Agenda May 20 2026
Municipality of Hastings Highlands Council Agenda May 20 2026
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