S-11 - Act respecting the Société de développement immobilier du Québec

Section 19.1 Disposition versions

1981-02-13

19.1. For the purposes of the second paragraph of section 17, the Government may, on such conditions as it may fix,

(a)  undertake, with respect to any loan contracted for by the Corporation, to fill the Corporation’s liquidity requirements so as to allow it to repay the capital and pay the interest when due and, where such is the case, contribute to any sinking-fund;

(b)  guarantee payment in capital and interest of any loan or other obligation contracted for by the Corporation;

(c)  guarantee performance of the construction and equipping of the convention centre;

(d)  give any other guarantee or undertaking in respect of the said construction or equipping or the financing thereof, or resulting therefrom.

The sums required for the purposes of this section are taken out of the consolidated revenue fund.

1980, c. 37, s. 5.