S-4.2 - Act respecting health services and social services

Section 468 Disposition versions

2016-05-18

468. The Minister may, on the conditions he determines, grant a subsidy on behalf of the Government to any agency or public institution to provide, out of the funds voted annually for such purpose by Parliament, for the total or partial payment in principal and interest of any loan contracted or to be contracted by the agency or public institution.

The agency or public institution must allocate the proceeds of the loan referred to in the first paragraph to the payment of capital expenditures and related debt service, the repayment of loans made for the purposes of such expenditures or the payment of costs and expenses related to the said loan.

The Minister may entrust to the Minister of Finance the management of all amounts intended as funds for the principal of the debentures issued by the agency or the public institution to constitute a sinking fund for the repayment out of these sums, on the dates specified in the loan, of the principal of such debentures and, out of the proceeds or revenues of the fund, the loans of any agency or public institution.

The third paragraph applies only to loans contracted before 1 April 1991.

1991, c. 42, s. 468; 2005, c. 32, s. 227; 2011, c. 16, s. 189; 2016, c. 7, s. 183.

2011-07-01

468. The Minister may, on the conditions he determines, grant a subsidy on behalf of the Government to any agency or public institution to provide, out of the funds voted annually for such purpose by Parliament, for the total or partial payment in principal and interest of any loan contracted or to be contracted by the agency or public institution.

The agency or public institution must allocate the proceeds of the loan referred to in the first paragraph to the payment of capital expenditures and related debt service, the repayment of loans made for the purposes of such expenditures or the payment of costs and expenses related to the said loan.

The Minister may deposit with the Minister of Finance, to be managed by him, all amounts intended as funds for the principal of the debentures issued by the agency or the public institution to constitute a sinking fund for the repayment out of these sums, on the dates specified in the loan, of the principal of such debentures and, out of the proceeds or revenues of the fund, the loans of any agency or public institution.

The third paragraph applies only to loans contracted before 1 April 1991.

1991, c. 42, s. 468; 2005, c. 32, s. 227; 2011, c. 16, s. 189.

2006-01-01

468. The Minister may, on the conditions he determines, grant a subsidy on behalf of the Government to any agency or public institution to provide, out of the funds voted annually for such purpose by Parliament, for the total or partial payment in principal and interest of any loan contracted or to be contracted by the agency or public institution.

The agency or public institution must allocate the proceeds of the loan referred to in the first paragraph to the payment of capital expenditures and related debt service, the repayment of loans made for the purposes of such expenditures or the payment of costs and expenses related to the said loan.

The Minister may deposit with the Minister of Finance, to be managed by him, all amounts intended as funds for the principal of the debentures issued by the agency, the public institution or the Corporation d’hébergement du Québec to constitute a sinking fund for the repayment out of these sums, on the dates specified in the loan, of the principal of such debentures and, out of the proceeds or revenues of the fund, the loans of any agency or public institution or of the Corporation.

The third paragraph applies only to loans contracted before 1 April 1991.

1991, c. 42, s. 468; 2005, c. 32, s. 227.

1992-10-01

468. The Minister may, on the conditions he determines, grant a subsidy on behalf of the Government to any regional board or public institution to provide, out of the funds voted annually for such purpose by Parliament, for the total or partial payment in principal and interest of any loan contracted or to be contracted by the regional board or public institution.

The regional board or public institution must allocate the proceeds of the loan referred to in the first paragraph to the payment of capital expenditures and related debt service, the repayment of loans made for the purposes of such expenditures or the payment of costs and expenses related to the said loan.

The Minister may deposit with the Minister of Finance, to be managed by him, all amounts intended as funds for the principal of the debentures issued by the regional board, the public institution or the Corporation d’hébergement du Québec to constitute a sinking fund for the repayment out of these sums, on the dates specified in the loan, of the principal of such debentures and, out of the proceeds or revenues of the fund, the loans of any regional board or public institution or of the Corporation.

The third paragraph applies only to loans contracted before 1 April 1991.

1991, c. 42, s. 468.