C-75.1 - Act to promote long term farm credit by private institutions

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39. The Government may establish, in favour of the Office, a working-capital fund not exceeding $500 000 for the disbursements necessary for the protection of loans, namely, to pay insurance premiums, taxes and assesments on, exercise the right of redemption of and acquire, maintain, repair and resell property serving as loan security. As soon as they are recovered, the sums so disbursed must be paid into such working-capital fund.
The sums required to establish the working-capital fund contemplated in the first paragraph are drawn from the consolidated revenue fund.
1978, c. 50, s. 39.