THAT the Sterile Insect Release letter of June 2, 2020 regarding a request for resolution in support of OKSIR's ability to authorize revenue anticipation borrowing be received;
AND FURTHER THAT the Regional District of Central Okanagan Board supports OKSIR Board to authorize, by bylaw, a cashflow management program that mirrors the revenue anticipation borrowing authority granted to local governments under the Local Government Act s. 404, such that borrowed funds may only be used to cover current-year operating expenditures included in OKSIR’s Five-Year Financial Plan, to a maximum of the amount owing to the OKSIR from the current-year tax requisitions.