C-78.1 - Act to promote forest credit by private institutions

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56. The Government may, on such conditions as it may determine,
(1)  guarantee payment of the capital and interest of any borrowing contracted by the agency for the purposes prescribed in this Act and the execution of any obligation of the agency;
(2)  authorize the Minister of Finance to advance to the agency any amount deemed necessary for the application of this Act, at such rate of interest, for such period of time and on such other conditions as are determined by the Government;
(3)  authorize the Minister of Finance to advance to the agency any amount deemed necessary for the repayment of all or part of the loans contracted under section 53 and of advances made by the Minister under subparagraph 2, at such rate of interest, for such period of time and on such other conditions as are determined by the Government.
The sums that the Government may be called upon to pay in virtue of the guarantees or to advance to the agency are taken out of the Consolidated Revenue Fund.
1983, c. 16, s. 56; 1992, c. 32, s. 43; 2000, c. 53, s. 66.
56. The Government may, on such conditions as it may determine,
(1)  guarantee payment of the capital and interest of any borrowing contracted by the Société for the purposes prescribed in this Act and the execution of any obligation of the Société;
(2)  authorize the Minister of Finance to advance to the Société any amount deemed necessary for the application of this Act, at such rate of interest, for such period of time and on such other conditions as are determined by the Government;
(3)  authorize the Minister of Finance to advance to the Société any amount deemed necessary for the repayment of all or part of the loans contracted under section 53 and of advances made by the Minister under subparagraph 2, at such rate of interest, for such period of time and on such other conditions as are determined by the Government.
The sums that the Government may be called upon to pay in virtue of the guarantees or to advance to the Société are taken out of the consolidated revenue fund.
1983, c. 16, s. 56; 1992, c. 32, s. 43.
56. The Government may, on such conditions as it may determine,
(1)  guarantee payment of the capital and interest of any borrowing contracted by the Office for the purposes prescribed in this Act and the execution of any obligation of the Office;
(2)  authorize the Minister of Finance to advance to the Office any amount deemed necessary for the application of this Act, at such rate of interest, for such period of time and on such other conditions as are determined by the Government;
(3)  authorize the Minister of Finance to advance to the Office any amount deemed necessary for the repayment of all or part of the loans contracted under section 53 and of advances made by the Minister under subparagraph 2, at such rate of interest, for such period of time and on such other conditions as are determined by the Government.
The sums that the Government may be called upon to pay in virtue of the guarantees or to advance to the Office are taken out of the consolidated revenue fund.
1983, c. 16, s. 56.