A-7.1 - Act respecting the Agence québécoise de valorisation industrielle de la recherche

Section 22 Disposition versions

1984-01-25

22. The Agence shall acquire no immovables.

Except with the authorization of the Government, the Agence shall not

(1)  contract a loan that would increase its total outstanding borrowings to more than the amount determined by the Government;

(2)  make a contract for a term or amount exceeding that determined by the Government;

(3)  own a greater interest in a limited liability partnership than that determined by regulation under section 20.

An order of the Government authorizing the Agence to hold a greater interest in a limited liability partnership than that provided for in subparagraph 3 of the second paragraph must be tabled in the National Assembly within 15 days if it is in session or, if it is not sitting, within 15 days after the opening of the next session or resumption.

1983, c. 42, s. 22.