A-18.1, r. 9 - Regulation respecting the Forest Management Funding Program

Section 7 Disposition versions

2013-04-01

7. To be eligible for a loan, a forest producer must demonstrate,

(1)  if the forest producer is a natural person, that he or she is of full age, is domiciled in Canada and is a Canadian citizen or permanent resident within the meaning of the Immigration and Refugee Protection Act (S.C. 2001, c. 27);

(2)  if the forest producer is a legal person, that it has its head office and principal establishment in Canada; or

(3)  if the forest producer is composed of more than 1 person, that all persons satisfy the conditions set out in subparagraphs 1 and 2.

The forest producer must also

(1)  demonstrate that the forest area covered by the forest producer’s application has a forest management plan that conforms to subparagraph 2 of the first paragraph of section 130 of the Sustainable Forest Development Act (chapter A-18.1);

(2)  need the financial assistance applied for, having regard to the forest producer’s overall financial situation, to establish, maintain or develop a forest production unit;

(3)  be able to meet the financial obligations;

(4)  have the necessary resources to carry out the project; and

(5)  provide any guarantees required by the agency pursuant to subparagraph 1 of the first paragraph of section 22 of the Act respecting La Financière agricole du Québec (chapter L-0.1).

O.C. 257-2006, s. 7.

2012-09-01

7. To be eligible for a loan, a forest producer must demonstrate,

(1)  if the forest producer is a natural person, that he or she is of full age, is domiciled in Canada and is a Canadian citizen or permanent resident within the meaning of the Immigration and Refugee Protection Act (S.C. 2001, c. 27);

(2)  if the forest producer is a legal person, that it has its head office and principal establishment in Canada; or

(3)  if the forest producer is composed of more than 1 person, that all persons satisfy the conditions set out in subparagraphs 1 and 2.

The forest producer must also

(1)  demonstrate that the forest area covered by the forest producer’s application has a forest management plan that conforms to subparagraph 1 of the first paragraph of section 120 of the Forest Act (chapter F-4.1);

(2)  need the financial assistance applied for, having regard to the forest producer’s overall financial situation, to establish, maintain or develop a forest production unit;

(3)  be able to meet the financial obligations;

(4)  have the necessary resources to carry out the project; and

(5)  provide any guarantees required by the agency pursuant to subparagraph 1 of the first paragraph of section 22 of the Act respecting La Financière agricole du Québec (chapter L-0.1).

O.C. 257-2006, s. 7.