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C-78 - Forestry Credit Act

Section 46.5
Disposition versions

Full text
46.5. The funds that the agency has at its disposal under this Act are deposited, until they are used, in a chartered bank, a deposit institution authorized under the Deposit Institutions and Deposit Protection Act (chapter I-13.2.2) or in securities issued or guaranteed by the Government of Canada or the Government of a province of Canada.
The interest collected on such investments and any surplus over and above the maximum amount of the working fund are paid into the Consolidated Revenue Fund within 90 days of the end of each fiscal year of the agency.
1980, c. 29, s. 4; 2000, c. 53, s. 66; 2002, c. 45, s. 348; 2004, c. 37, s. 90; 2018, c. 23, s. 753.
46.5. The funds that the agency has at its disposal under this Act are deposited, until they are used, in a chartered bank, an institution registered with the Autorité des marchés financiers pursuant to the Deposit Insurance Act (chapter A‐26) or in securities issued or guaranteed by the Government of Canada or the Government of a province of Canada.
The interest collected on such investments and any surplus over and above the maximum amount of the working fund are paid into the Consolidated Revenue Fund within 90 days of the end of each fiscal year of the agency.
1980, c. 29, s. 4; 2000, c. 53, s. 66; 2002, c. 45, s. 348; 2004, c. 37, s. 90.
46.5. The funds that the agency has at its disposal under this Act are deposited, until they are used, in a chartered bank, an institution registered with the Agence nationale d’encadrement du secteur financier pursuant to the Deposit Insurance Act (chapter A-26) or in securities issued or guaranteed by the Government of Canada or the Government of a province of Canada.
The interest collected on such investments and any surplus over and above the maximum amount of the working fund are paid into the consolidated revenue fund within 90 days of the end of each fiscal year of the agency.
1980, c. 29, s. 4; 2000, c. 53, s. 66; 2002, c. 45, s. 348.
46.5. The funds that the agency has at its disposal under this Act are deposited, until they are used, in a chartered bank, an institution registered with the Régie de l’assurance-dépôts du Québec or in securities issued or guaranteed by the Government of Canada or the Government of a province of Canada.
The interest collected on such investments and any surplus over and above the maximum amount of the working fund are paid into the consolidated revenue fund within 90 days of the end of each fiscal year of the agency.
1980, c. 29, s. 4; 2000, c. 53, s. 66.
46.5. The funds that the Bureau has at its disposal under this Act are deposited, until they are used, in a chartered bank, an institution registered with the Régie de l’assurance-dépôts du Québec or in securities issued or guaranteed by the Government of Canada or the Government of a province of Canada.
The interest collected on such investments and any surplus over and above the maximum amount of the working fund are paid into the consolidated revenue fund within 90 days of the end of each fiscal year of the Bureau.
1980, c. 29, s. 4.
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