Ministère de l'Emploi et de la Solidarité sociale
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C-75 - Farm Credit Act

Section 15
Disposition versions

Full text
15. The proceeds of loans or sales made by the Office under paragraph a or paragraph u, as the case may be, of section 11 must serve for the granting of loans authorized by this act, the establishment of the working-capital fund required to ensure the protection of loans, the reimbursement of loans previously contracted under the said section or remittances to the Minister of Finance in accordance with section 19 as repayment of amounts borrowed from him.
The loans made by the Office may be guaranteed by the Gouvernement du Québec.
R. S. 1964, c. 108, s. 10; 1977, c. 5, s. 14; 1978, c. 44, s. 2.
15. The proceeds from the loans (emprunts) contracted by the Bureau must serve to make the loans (prêts) authorized by this act and to establish the working-capital fund required for protecting the loans (prêts).
The loans (emprunts) contracted by the Bureau must be previously approved by the Gouvernement.
Such loans (emprunts) shall be guaranteed by the Gouvernement du Québec.
R. S. 1964, c. 108, s. 10; 1977, c. 5, s. 14.
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