S-22.01 - Act respecting the Société québécoise de récupération et de recyclage

Section 23 Disposition versions

1999-10-22

23. The Government may, on the conditions it determines,

(1)  guarantee the payment in capital and interest of any loan of the Société or of a subsidiary in which the Société holds more than 50% of the shares or stocks, and the performance of any obligation of the Société or any such subsidiary;

(2)  authorize the Minister of Finance to advance to the Société or to a subsidiary referred to in subparagraph 1 any amount deemed necessary to permit the Société or subsidiary to exercise its powers, at such rate of interest, for such period of time and on such other conditions as the Government shall determine.

The sums required for the carrying out of this section are taken out of the Consolidated Revenue Fund.

1990, c. 23, s. 23; 1999, c. 40, s. 300.

1990-06-22

23. The Government may, on the conditions it determines,

(1)  guarantee the payment in capital and interest of any loan of the corporation or of a subsidiary in which the corporation holds more than 50 % of the shares or stocks, and the performance of any obligation of the corporation or any such subsidiary;

(2)  authorize the Minister of Finance to advance to the corporation or to a subsidiary referred to in subparagraph 1 any amount deemed necessary to permit the corporation or subsidiary to exercise its powers, at such rate of interest, for such period of time and on such other conditions as the Government shall determine.

The sums required for the carrying out of this section are taken out of the consolidated revenue fund.

1990, c. 23, s. 23.