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H-5 - Hydro-Québec Act

Section 25
Disposition versions

Full text
25. (Repealed).
R. S. 1964, c. 86, s. 25; 1973, c. 19, s. 5; 1977, c. 5, s. 14; 1978, c. 41, s. 1; 1979, c. 81, s. 22; 1981, c. 18, s. 9.
25. The Corporation may, with the authorization of the Gouvernement, invest the reserves mentioned in section 24, including the amortization funds, in securities issued by the Government du Québec, or guaranteed by the latter, or in any undertaking within its jurisdiction, at a rate of interest, in such last-mentioned case, equal to the average rate paid by it on the amounts which it borrows for capital expenses.
Available funds in the possession of the Corporation after the establishment of the reserves contemplated in paragraphs 1 to 3 of the second paragraph of section 24 shall be paid to the Minister of Finance, upon his requisition, and form part of the consolidated revenue fund as soon as they are received by him.
R. S. 1964, c. 86, s. 25; 1973, c. 19, s. 5; 1977, c. 5, s. 14; 1978, c. 41, s. 1; 1979, c. 81, s. 22.
25. The Corporation may, with the authorization of the Gouvernement, invest the reserves mentioned in section 24, including the amortization funds, in securities issued by the Gouvernement du Québec, or guaranteed by the latter, or in any undertaking within its jurisdiction, at a rate of interest, in such last-mentioned case, equal to the average rate paid by it on the amounts which it borrows for capital expenses.
Available funds established by the Corporation under subparagraph 4 of the second paragraph of section 24 shall be paid to the Minister of Finance in quarterly instalments; available funds in its possession after the establishment of the reserves contemplated by subparagraphs 1 to 3 of the second paragraph of that section shall be paid to the Minister of Finance, upon his requisition, and shall form part of the consolidated revenue fund as soon as they are received by him.
R. S. 1964, c. 86, s. 25; 1973, c. 19, s. 5; 1977, c. 5, s. 14; 1978, c. 41, s. 1.
25. The Commission may, with the authorization of the Gouvernement, invest the reserves mentioned in section 24, including the amortization funds, in securities issued by the Gouvernement du Québec, or guaranteed by the latter, or in any undertaking within its jurisdiction, at a rate of interest, in such last-mentioned case, equal to the average rate paid by it on the amounts which it borrows for capital expenses.
Available funds established by the Commission under subparagraph 4 of the second paragraph of section 24 shall be paid to the Minister of Finance in quarterly instalments; available funds in its possession after the establishment of the reserves contemplated by subparagraphs 1 to 3 of the second paragraph of that section shall be paid to the Minister of Finance, upon his requisition, and shall form part of the consolidated revenue fund as soon as they are received by him.
R. S. 1964, c. 86, s. 25; 1973, c. 19, s. 5; 1977, c. 5, s. 14.
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