A-31 - Act respecting farm income stabilization insurance

Section 7 Disposition versions

1998-10-21

7. The assessments of participants and the contributions of the Government shall constitute a farm income stabilization insurance fund called “Fonds d’assurance-stabilisation des revenus agricoles”.

The fund shall constitute a trust patrimony appropriated mainly to the payment of the compensation payable under an insurance system created pursuant to this Act. The fund shall be administered by the Régie for the benefit of participants and the Régie shall act as trustee of the fund.

In addition to the assessments of participants and the contributions of the Government, the fund shall be composed of

(a)  the sums paid by the Minister of Finance as advances taken out of the Consolidated Revenue Fund pursuant to section 10;

(b)  the amount of a loan contracted by the Régie under sections 10.1 and 10.3;

(c)  the revenues derived from the investment of the sums making up the fund; and

(d)  any sum that may be paid by the Minister of Agriculture, Fisheries and Food under an agreement entered into pursuant to sections 42 and 43.

1975, c. 41, s. 7; 1977, c. 5, s. 14; 1984, c. 20, s. 8; 1998, c. 53, s. 20.

1984-06-20

7. A fund shall be established for the payment of compensation which becomes payable under a scheme for the repayment of an advance contemplated in section 10 or of a loan contemplated in section 10.1 and for the payment of interest on the advance or loan.

The fund shall be maintained by the assessments of the participants, the contributions of the Government, the proceeds of an advance or a loan and interest derived from the investment of available sums.

1975, c. 41, s. 7; 1977, c. 5, s. 14; 1984, c. 20, s. 8.

1977-12-31

7. A fund shall be established for the payment of compensation which becomes payable under the scheme.

The fund shall be maintained by the assessments of the participants and the contributions of the Government.

1975, c. 41, s. 7; 1977, c. 5, s. 14.