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A-29.1 - Act respecting farm-loan insurance and forestry-loan insurance
Section 23.3
Disposition versions
23.3. The Government may, on such conditions as it may determine,
(a) guarantee payment in principal and interest of any sums borrowed by the Fonds for the purposes prescribed in this Act and the execution of any obligation of the Fonds;
(b) authorize the Minister of Finance to advance to the Fonds any amount deemed necessary for the carrying out of this Act, at such rate of interest, for such period of time and on such conditions as are determined by the Government.
The sums that the Government may be called upon to pay in virtue of the guarantees or to advance to the Fonds are taken out of the consolidated revenue fund.
