Build Canada Homes Act (S.C. 2026, c. 18)

Marginal note:Definition of special operating agency

44 For the purposes of this section and sections 45 to 48, special operating agency means the special operating agency known as Build Canada Homes created by a decision of the Treasury Board.

Marginal note:Transfer

45 The Governor in Council may, by order, require that

• The following provision is not in force.

  (a) all rights and property of His Majesty under the administration, management and control of the Minister of Infrastructure and Communities and used for the operations and activities of the special operating agency are transferred to the Corporation;

• The following provision is not in force.

  (b) all obligations and liabilities of His Majesty incurred in respect of the special operating agency are transferred to the Corporation; and

• The following provision is not in force.

  (c) every reference to the special operating agency in a deed, contract, instrument or act or other document is, unless the context requires otherwise, to be read as a reference to the Corporation.

Marginal note:Chairperson

• The following provision is not in force.

  46 (1) Section 15 does not apply to the first appointment under section 8.

• The following provision is not in force.

  Marginal note:Initial powers

  (2) Until the first day on which the Board consists of a Chairperson and at least eight other directors, the Chairperson has all the powers of the Board.

Marginal note:Chief Executive Officer

47 The person who holds the office of Chief Executive Officer of the special operating agency immediately before the day on which this section comes into force continues in the office as the Chief Executive Officer of the Corporation for the remainder of the term for which the person was appointed Chief Executive Officer of the special operating agency.

Marginal note:Regulations

48 The Governor in Council may make regulations respecting the transfer of the special operating agency to the Corporation, including regulations respecting the manner in which rights, property, obligations and liabilities are to be transferred under paragraphs 45(a) and (b) and any restrictions on those transfers.

49 [Amendments]