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C-78 - Forestry Credit Act
Section 16
Disposition versions
16. The agency may repay to the borrower an amount equal to interest at 5% on the principal of any loan contracted under this subdivision before 9 July 1981.
The agency may contribute to the payment of the interest on every loan contracted from that date under this subdivision to such extent, for such period, according to such terms and conditions and at such payment intervals as are prescribed by regulation.
The principal amount to which repayment of interest provided in the first two paragraphs applies is limited for the same borrower to the amount of $25,000 or, as the case may be, $100,000 provided in section 13, excepting debts devolved to the borrower by succession.
16. The Bureau may repay to the borrower an amount equal to interest at 5 % on the principal of any loan contracted under this subdivision before 9 July 1981.
The Bureau may contribute to the payment of the interest on every loan contracted from that date under this subdivision to such extent, for such period, according to such terms and conditions and at such payment intervals as are prescribed by regulation.
The principal amount to which repayment of interest provided in the first two paragraphs applies is limited for the same borrower to the amount of $25 000 or, as the case may be, $100 000 provided in section 13, excepting debts devolved to the borrower by succession.
16. The Bureau may repay to the borrower an amount equal to interest at five per cent on the principal of any loan contracted under this subdivision.
The principal amount to which repayment of interest provided in the first paragraph applies is limited for the same borrower to the amount of $25,000 or, as the case may be, $100,000 provided in section 13, excepting debts devolved to the borrower by succession.
