F-1.2 - Act respecting farm financing

Section 140 Disposition versions

1988-08-11

140. Notwithstanding the provisions relating to capital subsidies, the Office cannot recommend that the Minister grant any capital subsidy where, during a fiscal year, the aggregate of the amount of outlays in respect of undertakings already made, including those made in previous fiscal years, and of the amount of undertakings made during that fiscal year exceeds twice the amount of the appropriations voted by the Legislature.

For the purposes of the first paragraph, the work “undertakings” refers to undertakings made under this Act in respect of capital subsidies or those made under the Act to promote the development of agricultural operations (chapter M-36).

1987, c. 86, s. 140.