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G-1.021 - Act respecting the governance of the health and social services system
Section 1506
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1506. Despite paragraph 1 of section 54, executive officers who, on the day before the day of amalgamation, may exercise an amalgamating institution’s power to borrow within the scope of a borrowing plan established under section 78 of the Financial Administration Act (chapter A-6.001) continue, as of the day of amalgamation, to exercise that power for Santé Québec within the scope of the same borrowing plan, until a first borrowing plan is established by Santé Québec.
The first paragraph does not prevent Santé Québec’s board of directors from withdrawing from an executive officer the exercise of the power to borrow provided for in the first paragraph even before the establishment of a first borrowing plan.
