C-79 - Act to promote special credit to agricultural producers during critical periods

Section 20 Disposition versions

1978-08-01

20. The Government may make regulations to:

(a)  fix the maximum amount, the terms and conditions of repayment and the other conditions applying to the loans;

(b)  define any expression used in sections 1, 2 and 3;

(c)  determine the cases where a certificate must be issued under paragraph b of section 2, the form of that certificate and the conditions it must contain;

(d)  determine the kind of security that may be required by the lender;

(e)  determine the final date before which a loan must be contracted;

(f)  fix, if need be, the maximum rate of interest contemplated in section 7;

(g)  prescribe payment by the Government of part of the interest on a loan and determine the extent and duration of that contribution and the conditions of payment;

(h)  determine the conditions applicable to the lender to obtain repayment of the losses and expenses contemplated in section 6;

(i)  prescribe the documents and information to be supplied by a producer who applies for a certificate or loan or has obtained a loan;

(j)  fix the period during which a producer is not bound to repay any amount on the principal of a loan;

(k)  define the programme of conversion of operations contemplated in section 3 and establish the conditions of its carrying out;

(l)  fix, for the purposes of the second paragraph of section 3, the limits to the living expenses for the payment of which a loan may be made;

(m)  prescribe any further measure he considers proper of the carrying out of this act.

These regulations shall come into force on the date of their publication in the Gazette officielle du Québec or on any later date fixed therein.

1972, c. 39, s. 20; 1977, c. 5, s. 14; 1978, c. 47, s. 3.

1977-12-31

20. The Gouvernement may make regulations to:

(a)  fix the maximum amount, the terms and conditions of repayment and the other conditions applying to the loans;

(b)  define any expression used in sections 1, 2 and 3;

(c)  determine the cases where a certificate must be issued under paragraph b of section 2, the form of that certificate and the conditions it must contain;

(d)  determine the kind of security that may be required by the lender;

(e)  determine the final date before which a loan must be contracted;

(f)  fix, if need be, the maximum rate of interest contemplated in section 7;

(g)  prescribe payment by the Gouvernement of part of the interest on a loan and determine the extent and duration of that contribution and the conditions of payment;

(h)  determine the conditions applicable to the lender to obtain repayment of the losses and expenses contemplated in section 6;

(i)  prescribe the documents and information to be supplied by a producer who applies for a certificate or loan or has obtained a loan;

(j)  fix the period during which a producer is not bound to repay any amount on the principal of a loan;

(k)  prescribe any further measure it considers proper for the carrying out of this act.

These regulations shall come into force on the date of their publication in the Gazette officielle du Québec or on any later date fixed therein.

1972, c. 39, s. 20; 1977, c. 5, s. 14.