F-5.1 - Act respecting guarantee fees in respect of loans obtained by government agencies

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2. For each of its fiscal years ending after 31 December 1991, the government agency shall pay to the Minister of Finance, not later than the last working day of the first quarter of the fiscal year, guarantee fees corresponding to 0.5% of the balance, as appearing on its financial statements, of the principal of any loan guaranteed by the Government out of the Consolidated Revenue Fund and outstanding at the end of the preceding fiscal year. In computing these fees, the amounts allotted to the sinking fund established for each loan shall be deducted from the balance of the principal of each of those loans.
However, for a fiscal year beginning in 1991 and ending in 1992, the guarantee fees to be paid by the government agency shall be established in proportion to the number of months between 1 January 1992 and the end of that fiscal year. The fees are payable to the Minister of Finance not later than 31 March 1992.
1991, c. 46, s. 2.