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C-78 - Forestry Credit Act
Section 46.3
Disposition versions
46.3. The Government may, on such conditions as it may determine,
(a) guarantee payment of the capital and interest of any borrowing made by the agency and the execution of any obligation of the agency;
(b) authorize the Minister of Finance to advance to the agency any amount deemed necessary for the application of this Act, at such rate of interest, for such period of time and on such other 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 agency are taken out of the Consolidated Revenue Fund.
46.3. The Government may, on such conditions as it may determine,
(a) guarantee payment of the capital and interest of any borrowing made by the Bureau and the execution of any obligation of the Bureau;
(b) authorize the Minister of Finance to advance to the Bureau any amount deemed necessary for the application of this Act, at such rate of interest, for such period of time and on such other 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 Bureau are taken out of the consolidated revenue fund.
