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S-4.2 - Act respecting health services and social services
Section 296
Disposition versions
296. Notwithstanding any legislative provision inconsistent herewith, an institution may, with the prior authorization of the agency and subject to the terms and conditions it determines, borrow money by any method recognized by law to pay current operating expenditures or capital expenditures made for the organization of complementary activities in accordance with section 115 or as part of an investment project which is self-financed by savings to be made in the current operating expenditures.
The institution may also, with the prior authorization of the Minister and subject to the terms and conditions he determines, borrow money by any method recognized by law to finance capital expenditures or the debt service of the institution.
The Minister shall determine in what cases and circumstances and on what conditions the agency may allow borrowings to be made under the first paragraph, and the maximum amount of such borrowings.
296. Notwithstanding any legislative provision inconsistent herewith, an institution may, with the prior authorization of the regional board and subject to the terms and conditions it determines, borrow money by any method recognized by law to pay current operating expenditures or capital expenditures made for the organization of complementary activities in accordance with section 115 or as part of an investment project which is self-financed by savings to be made in the current operating expenditures.
The institution may also, with the prior authorization of the Minister and subject to the terms and conditions he determines, borrow money by any method recognized by law to finance capital expenditures or the debt service of the institution.
The Minister shall determine in what cases and circumstances and on what conditions the regional board may allow borrowings to be made under the first paragraph, and the maximum amount of such borrowings.
