C-78 - Forestry Credit Act

Section 6 Disposition versions

2001-04-17

6. The interest rate on loans granted under section 2 is 5% and shall be fixed by regulation for loans granted under section 3.

In respect of the loans contemplated in sections 2 and 3 granted pursuant to an application received by the agency on or after 1 December 1980, the rate of interest on the loans contemplated in section 2 and that on the loans contemplated in section 3 are determined according to the methods prescribed by regulation. These rates must be adjusted during the period of the loans, at such times and according to the norms established by regulation.

The agency may reduce the rate of interest applicable under the second paragraph in respect both of loans contemplated in section 2 and of those contemplated in section 3, to such extent, for such period and on such conditions as are determined by regulation.

1975, c. 33, s. 6; 1980, c. 29, s. 1; 2000, c. 53, s. 66.

1981-07-09

6. The interest rate on loans granted under section 2 is 5 % and shall be fixed by regulation for loans granted under section 3.

In respect of the loans contemplated in sections 2 and 3 granted pursuant to an application received by the Bureau on or after 1 December 1980, the rate of interest on the loans contemplated in section 2 and that on the loans contemplated in section 3 are determined according to the methods prescribed by regulation. These rates must be adjusted during the period of the loans, at such times and according to the norms established by regulation.

The Bureau may reduce the rate of interest applicable under the second paragraph in respect both of loans contemplated in section 2 and of those contemplated in section 3, to such extent, for such period and on such conditions as are determined by regulation.

1975, c. 33, s. 6; 1980, c. 29, s. 1.

1977-12-31

6. The interest rate on loans granted under section 2 is 5% and shall be fixed by regulation for loans granted under section 3.

1975, c. 33, s. 6.