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I-14 - The Education Act for Cree, Inuit and Naskapi Native Persons
Section 506
Disposition versions
506. The Council may also, with the authorization of the Minister and according to such modalities, terms and conditions as he may determine, borrow money through any mode recognized by law for its needs and those of the school boards.
The Council shall, at the request of the Minister, provide him, either directly or through the intermediary of the financial institutions with which it does business, with any information concerning its financial situation.
506. The Council may also, with the authorization of the Minister and according to such modalities, terms and conditions as he may determine, borrow money through any mode recognized by law for its needs and those of the school boards.
506. The Council may also, for its own needs as well as for the needs of the school boards, make temporary borrowings for a term not exceeding one year, by any means it may see fit.
For that purpose, the Council shall by resolution establish the maximum amount and the terms and conditions of such borrowings. Every resolution so adopted must be approved by the Minister.
