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I-16.0.1, r. 1 - Regulation respecting certain transitional measures for the carrying out of the Act respecting Investissement Québec

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chapter I-16.0.1, r. 1
Regulation respecting certain transitional measures for the carrying out of the Act respecting Investissement Québec
Act respecting Investissement Québec
(chapter I-16.0.1, s. 177).
1. For the purposes of this Regulation, “Company” means the company constituted by section 1 of the Act respecting Investissement Québec (chapter I-16.0.1), and “Investissement Québec” means the agency referred to in section 1 of the Act respecting Investissement Québec and La Financière du Québec (chapter I-16.1).
O.C. 408-2011, s. 1.
2. The following obligations of Investissement Québec are transferred to the Minister of Economic Development, Innovation and Export Trade:
(1)  obligations resulting from the programs and forms of financial assistance referred to in sections 159 and 160 of the Act respecting Investissement Québec (chapter I-16.0.1), unless the resulting rights become those of the Company; and
(2)  obligations resulting from an investment, a loan or a guarantee referred to in section 164 of the Act, except those resulting from investments, loans or guarantees referred to in the Orders in Council listed in that section.
O.C. 408-2011, s. 2.
3. The rights and obligations resulting from the administration of the fiscal measures intended for enterprises that were administered, before 1 April 2011, by Investissement Québec are transferred to the Minister of Economic Development, Innovation and Export Trade.
O.C. 408-2011, s. 3.
4. The current and future assets and liabilities relating to the rights and obligations transferred to the Minister in accordance with sections 2 and 3 become those of the Economic Development Fund established by section 25 of the Act respecting Investissement Québec (chapter I-16.0.1).
O.C. 408-2011, s. 4.
5. The carrying out of the obligations transferred to the Minister is deemed to be a mandate given to the Company under section 21 of the Act respecting Investissement Québec (chapter I-16.0.1).
The same applies to the administration of the fiscal measures for enterprises that were administered by Investissement Québec before 1 April 2011.
O.C. 408-2011, s. 5.
6. (Omitted).
O.C. 408-2011, s. 6.
REFERENCES
O.C. 408-2011, 2011 G.O. 2, 1011
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