(a) a water authority proposes to do anything
that may prevent, or have a significant adverse effect on, the authority
performing its main function; or
(b) a category 2 water authority proposes to
sell or buy property for more than $100,000.
(2) Before doing anything (the
"proposed significant action" ) mentioned in subsection (1) , and as soon as
practicable after proposing to do it, the water authority must give the
Minister notice of the proposed significant action.
