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H-5 - Hydro-Québec Act

Section 15.5
Disposition versions

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15.5. For the establishment of the rate of capitalization of the Company at the end of a financial period, the long-term debt includes all liabilities of the Company for which the contract term is more than twelve months, less the sinking funds; it also includes all notes payable. Furthermore, every loan contracted in foreign currency must be considered by taking into account the exchange rate applicable according to generally accepted accounting principles.
1981, c. 18, s. 3; 1999, c. 40, s. 145.
15.5. For the establishment of the rate of capitalization of the Corporation at the end of a financial period, the long-term debt includes all liabilities of the Corporation for which the contract term is more than twelve months, less the sinking funds; it also includes all notes payable. Furthermore, every loan contracted in foreign currency must be considered by taking into account the exchange rate applicable according to generally accepted accounting principles.
1981, c. 18, s. 3.
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