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A-13.1, r. 1 - Regulation respecting assistance for tourist development
Section 9
Disposition versions
9. The financial assistance described in paragraph a of section 6 of the Act shall be in the form of a guarantee of repayment of a loan, limited to 80% of the lender’s loss, and to 80% of the amount of the initial loan.
The financial assistance described in paragraph b of section 6 of the Act shall be in the form of a loan at the market rate for a term not exceeding 15 years.
