S-37.01 - Act respecting subsidies for the payment in capital and interest of loans of public or municipal bodies

Updated to 2 June 2021

This document has official status.

chapter S-37.01

Act respecting subsidies for the payment in capital and interest of loans of public or municipal bodies

The Minister of Finance is responsible for the administration of this Act. Order in Council 1689-2022 dated 26 October 2022, (2022) 154 G.O. 2 (French), 6581.

2013, c. 16, s. 189; 2021, c. 15, s. 95.

1. Notwithstanding any other legislative provision, a subsidy payable to a public body, including a body listed in subparagraphs 1 to 5 of the first paragraph of section 24 of the Act respecting the Ministère des Finances (chapter M-24.01), or to a municipal body, shall not be withheld or cancelled, and the amount or date of the payment shall not be changed, where the subsidy is for the payment in capital and interest of a duly authorized loan of such a body.

This section does not operate to exempt a subsidy referred to in the first paragraph from a vote, by Parliament, authorizing the appropriations covering it. This paragraph is declaratory.

1994, c. 10, s. 1; 1999, c. 77, s. 53; 2013, c. 16, s. 190.

1.1. (Repealed).

2013, c. 16, s. 191; 2021, c. 15, s. 96.

2. (Omitted).

1994, c. 10, s. 2.

REPEAL SCHEDULE

In accordance with section 9 of the Act respecting the consolidation of the statutes and regulations (chapter R-3), chapter 10 of the statutes of 1994, in force on 1 September 1994, is repealed, except section 2, effective from the coming into force of chapter S-37.01 of the Revised Statutes.