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C-78.1 - Act to promote forest credit by private institutions

Section 38
Disposition versions

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38. The agency shall contribute to the payment of the interest on any loan obtained from a lender other than the agency, to the extent, for the term, on the conditions, according to the modalities and on the dates of payment determined by regulation.
The agency is authorized to reduce, to the extent, for the term and on the conditions determined by regulation, the rate of interest applicable to the loans it is authorized to grant under paragraph 7 of section 37.
In no case may contributions to the payment of the interest or reductions in the rate of interest apply to the interest yielded of right under section 23.
1983, c. 16, s. 38; 1992, c. 32, s. 43; 2000, c. 53, s. 66.
38. The Société shall contribute to the payment of the interest on any loan obtained from a lender other than the Société, to the extent, for the term, on the conditions, according to the modalities and on the dates of payment determined by regulation.
The Société is authorized to reduce, to the extent, for the term and on the conditions determined by regulation, the rate of interest applicable to the loans it is authorized to grant under paragraph 7 of section 37.
In no case may contributions to the payment of the interest or reductions in the rate of interest apply to the interest yielded of right under section 23.
1983, c. 16, s. 38; 1992, c. 32, s. 43.
38. The Office shall contribute to the payment of the interest on any loan obtained from a lender other than the Office, to the extent, for the term, on the conditions, according to the modalities and on the dates of payment determined by regulation.
The Office is authorized to reduce, to the extent, for the term and on the conditions determined by regulation, the rate of interest applicable to the loans it is authorized to grant under paragraph 7 of section 37.
In no case may contributions to the payment of the interest or reductions in the rate of interest apply to the interest yielded of right under section 23.
1983, c. 16, s. 38.
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