178.0.2. The Minister may, under such terms and conditions as he may determine, grant, on behalf of the Government, a subsidy to any regional council or public establishment in order to provide, in whole or in part, out of the funds voted annually for such purpose by the Legislature, for the payment in principal and interest of any loan contracted or to be contracted by the regional council or public establishment.
The Minister may deposit in the hands of the Minister of Finance, to be managed by him, all amounts intended for the payment in principal of the debentures issued by a regional council, a public establishment or a corporation contemplated in section 178.1, in order to constitute a sinking fund for the purposes of paying out of such amounts, at the maturities under the terms of the loan, the principal of the debentures and, out of the proceeds or revenue of the fund, the loans of any regional council or public establishment or of the corporation contemplated in section 178.1.
The second paragraph applies only to loans contracted before 1 April 1991.
1982, c. 58, s. 75; 1990, c. 66, s. 12.