S-10.2 - Act respecting the Société de développement et de mise en valeur du Parc olympique

Section 32 Disposition versions

2020-11-01

32. The duties of the capital expenditures committee are as follows:

(1)  in the context of infrastructure asset maintenance projects and projects to eliminate the asset infrastructure maintenance deficit that the Société qualifies as major,

(a)  follow up on the projects’ progress the entire time they are being carried out and report on that follow-up, in writing, to the board of directors; and

(b)  study all files related to the projects;

(2)  examine the capital expenditures plan and annual budget estimates for maintaining and upgrading Olympic Park infrastructures, recommend that the board of directors approve them and monitor them;

(3)  follow up on the board of directors’ decisions regarding all Olympic Park infrastructure construction, maintenance and upgrading projects;

(4)  examine contracts related to capital expenditures and recommend that the board of directors approve them;

(5)  study all files related to maintenance and security of the Société’s facilities and recommend any decision in that regard to the board of directors;

(6)  examine files on leasing spaces involving leasehold improvements that require major investments or commitments of a technical nature and make recommendations to the board of directors in that regard;

(7)  follow up on the Société’s sustainable development action plan with regard to protection of the immovable heritage and to infrastructure construction, maintenance and upgrading activities; and

(8)  carry out any other mandate entrusted to it by the board of directors.

2020, c. 10, s. 32.

Not in force

In force: 2020-11-01

32. The duties of the capital expenditures committee are as follows:

(1)  in the context of infrastructure asset maintenance projects and projects to eliminate the asset infrastructure maintenance deficit that the Société qualifies as major,

(a)  follow up on the projects’ progress the entire time they are being carried out and report on that follow-up, in writing, to the board of directors; and

(b)  study all files related to the projects;

(2)  examine the capital expenditures plan and annual budget estimates for maintaining and upgrading Olympic Park infrastructures, recommend that the board of directors approve them and monitor them;

(3)  follow up on the board of directors’ decisions regarding all Olympic Park infrastructure construction, maintenance and upgrading projects;

(4)  examine contracts related to capital expenditures and recommend that the board of directors approve them;

(5)  study all files related to maintenance and security of the Société’s facilities and recommend any decision in that regard to the board of directors;

(6)  examine files on leasing spaces involving leasehold improvements that require major investments or commitments of a technical nature and make recommendations to the board of directors in that regard;

(7)  follow up on the Société’s sustainable development action plan with regard to protection of the immovable heritage and to infrastructure construction, maintenance and upgrading activities; and

(8)  carry out any other mandate entrusted to it by the board of directors.

2020, c. 10, s. 32.