S-11.0102 - Act respecting the Société de financement des infrastructures locales du Québec

Section 30 Disposition versions

2004-12-17

30. The Société may not, except with the authorization of the Government,

(1)  contract a loan that causes the total of its current outstanding loans to exceed the amount determined by the Government;

(2)  grant a subsidy or other financial assistance in excess of the limits or contrary to the conditions determined by the Government;

(3)  make a financial commitment in excess of the limits or contrary to the conditions determined by the Government;

(4)  acquire or hold shares in a legal person or an interest in a partnership;

(5)  dispose of shares in a legal person or an interest in a partnership in excess of the limits or contrary to the conditions determined by the Government;

(6)  acquire or dispose of other assets in excess of the limits or contrary to the conditions determined by the Government;

(7)  accept a gift or legacy to which a charge or condition is attached; or

(8)  accept a contribution from the Government of Canada.

2004, c. 35, s. 30.