I-13.3 - Education Act

Full text
288. Notwithstanding any inconsistent legislative provision, a school service centre may, with the authorization of the Minister and subject to such conditions as the latter prescribes, borrow money by any method recognized by law.
The Minister may grant to a school service centre a general authorization to borrow for a period not exceeding one year and up to such amount as he specifies.
At the request of the Minister, the school service centre, either directly or through the financial institution with which it does business, shall furnish him with any information he may require on its financial position.
1988, c. 84, s. 288; 2020, c. 12020, c. 1, s. 124.
288. Notwithstanding any inconsistent legislative provision, a school board may, with the authorization of the Minister and subject to such conditions as he prescribes, borrow money by any method recognized by law.
The Minister may grant to a school board a general authorization to borrow for a period not exceeding one year and up to such amount as he specifies.
At the request of the Minister, the school board, either directly or through the financial institution with which it does business, shall furnish him with any information he may require on its financial position.
1988, c. 84, s. 288.