V-6.1 - Act respecting Northern villages and the Kativik Regional Government

Section 411 Disposition versions

1983-12-22

411. The grants made to facilitate the application of this Act will be paid, where necessary, for the fiscal years 1978/1979 and 1979/1980, out of the Consolidated Revenue Fund.

For the subsequent fiscal years, they shall be taken out of the moneys granted annually for that purpose by the National Assembly.

The grants paid for the repayment of any sum borrowed by a northern village or the Regional Government, and any interest they yield, are unseizable except in execution of a final judgment rendered by a court in favour of the lender or the holder of bonds, notes or any other security issued to finance the loan.

Any grant seized must be allocated proportionately among all the interested lenders or holders.

1978, c. 87, s. 411; 1983, c. 57, s. 147.

1978-08-02

411. The grants made to facilitate the application of this act will be paid, where necessary, for the fiscal years 1978/1979 and 1979/1980, out of the consolidated revenue fund.

For the subsequent fiscal years, they shall be taken out of the moneys granted annually for that purpose by the National Assembly.

1978, c. 87, s. 411.