A-13.1, r. 1 - Regulation respecting assistance for tourist development

Section 8 Disposition versions

2012-09-01

8. A business seeking the financial assistance described in paragraphs a and b of section 6 of the Act shall show that:

(1)  it cannot obtain adequate financing from institutions;

(2)  the shareholders “or owners” investment is adequate;

(3)  its financial prospects ensure the repayment of the assistance;

(4)  where it is a new venture, the project is designed to provide services that constitute a new idea, and are either unavailable, or inadequate in kind or in degree, and the project has market prospects which are sufficiently extensive and lasting to make it profitable.

O.C. 1791-83, s. 8.