E-12.1 - Act to promote the establishment of young farmers

Section 12 Disposition versions

1982-09-01

12. Subject to section 20, the grant provided for in section 2 or in section 14 is paid by the Bureau on the dates and according to the terms and conditions determined by regulation provided that the debtor

(1)  has not, to the knowledge of the Bureau, defaulted on any of his obligations toward the lender in respect of any loan for which the grant is payable, subject to paragraph 3;

(2)  proves to the satisfaction of the Bureau that he has followed the establishment plan contemplated in section 6, in accordance with the schedule provided therein;

(3)  has, personally or through the lender, filed with the Bureau, not later than one month before the date the interest is due on any loan to which a grant is applicable, data showing that there are then no arrears in principal or interest and no costs or incident for any amount greater than $150 existing in respect of the loan.

1982, c. 29, s. 12.