M-36 - Act to promote the development of agricultural operations

Section 16.3 Disposition versions

1986-08-20

16.3. As long as the total number of farm operators or farmers who have qualified an agricultural operations corporation, an agricultural operations partnership, an agricultural operations cooperative or a group of persons contemplated in sections 14 and 15 for a grant under section 16.1 or 16.2 or under this section remains less than four, the Minister may, on the recommendation of the Bureau and until that number is reached, grant to the corporation, partnership, cooperative or group that applies therefor in writing to the Bureau another amount not exceeding $15 000, as part of the grant, whenever

(1)  a farm operator or farmer who was not a shareholder, partner, shareholder-producer or a member of the corporation, partnership, cooperative or group at the time a grant was made to it under section 16.1 or 16.2 or under this section subsequently becomes a shareholder, partner, shareholder-producer or a member thereof and proves to the Bureau

(a)  that he meets the requirements prescribed in paragraph 3 of the first paragraph of section 5.1, that the farm operated by the corporation, partnership, cooperative or group continues to be an economic farm, that his principal occupation is the operation of that farm and that he holds the percentage of interests prescribed in subparagraph 1 of the first paragraph of section 16.1 the acquisition of which, if effected without the authorization of the Bureau, does not reduce to under 20% the percentage of interests of a person who, during the last five years, has qualified the corporation, partnership or group for a grant of $15 000;

(b)  that on the date on which he began to meet the requirements of subparagraph a of this paragraph he was not over forty years of age;

(c)  that on the date his application for a grant is received by the Bureau he is not less than eighteen years of age and meets the requirements prescribed by regulation with respect to his farming experience or vocational training;

(2)  any person who, although he was a shareholder, partner, shareholder-producer or member of the corporation, partnership, cooperative or group at the time a grant was made to it under section 16.1 or 16.2 or under this section, did not then qualify it for the grant but who subsequently proves to the Bureau that he meets the requirements listed in subparagraphs a to c of paragraph 1.

A grant under this section shall be made to the applicant who files a grant utilization plan consistent with the regulations, in view of increasing the profitability of his agricultural operation, within the scope of the purposes prescribed by regulation.

1986, c. 54, s. 5.