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C-2 - Act respecting the Caisse de dépôt et placement du Québec

Section 26
Disposition versions

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26. The Fund may acquire and hold, upon the following conditions, bonds or other evidences of indebtedness issued or guaranteed by a public body:
(a)  it shall not acquire more than 50% of any issue of a municipal body, a school body or a health or social services institution at the time such issue is put on the market;
(b)  notwithstanding paragraph a, the Fund may acquire up to 100% of an issue where that issue is made following a call for bids to several financial intermediaries.
1965 (1st sess.), c. 23, s. 23; 1969, c. 27, s. 6; 1972, c. 60 s. 47; 1976, c. 39, s. 13; 1977, c. 5, s. 14; 1988, c. 84, s. 700; 1992, c. 22, s. 8; 1992, c. 21, s. 375.
26. The Fund may acquire and hold, upon the following conditions, bonds or other evidences of indebtedness issued or guaranteed by a public body:
(a)  it shall not acquire more than 50 % of any issue of a municipal body, a school body or a health or social services establishment at the time such issue is put on the market;
(b)  notwithstanding paragraph a, the Fund may acquire up to 100 % of an issue where that issue is made following a call for bids to several financial intermediaries.
1965 (1st sess.), c. 23, s. 23; 1969, c. 27, s. 6; 1972, c. 60 s. 47; 1976, c. 39, s. 13; 1977, c. 5, s. 14; 1988, c. 84, s. 700; 1992, c. 22, s. 8.
26. The Fund may acquire and hold bonds of municipalities or school boards in Québec or of the Conseil scolaire de l’île de Montréal, upon the following conditions.
It shall not acquire more than 20 % of any issue at the time such issue is put on the market.
It shall not acquire bonds which would increase the amount held by the Fund to more than 20 % of the outstanding bonded indebtedness of the municipality or school board.
It may also acquire and hold other evidences of indebtedness issued or guaranteed by municipalities in Québec or by the Conseil scolaire de l’île de Montréal provided that such other evidences of indebtedness added to the bonds which the Fund holds do not increase the amount held by the Fund to more than 20 % of the outstanding bonded indebtedness of the municipality or the Conseil.
1965 (1st sess.), c. 23, s. 23; 1969, c. 27, s. 6; 1972, c. 60 s. 47; 1976, c. 39, s. 13; 1977, c. 5, s. 14; 1988, c. 84, s. 700.
26. The Fund may acquire and hold bonds of municipalities or school corporations in Québec or of the Conseil scolaire de l’île de Montréal, upon the following conditions.
It shall not acquire more than 20% of any issue at the time such issue is put on the market.
It shall not acquire bonds which would increase the amount held by the Fund to more than 20% of the outstanding bonded indebtedness of the municipality or school corporation.
It may also acquire and hold other evidences of indebtedness issued or guaranteed by municipalities in Québec or by the Conseil scolaire de l’île de Montréal provided that such other evidences of indebtedness added to the bonds which the Fund holds do not increase the amount held by the Fund to more than 20% of the outstanding bonded indebtedness of the municipality or the Conseil.
1965 (1st sess.), c. 23, s. 23; 1969, c. 27, s. 6; 1972, c. 60 s. 47; 1976, c. 39, s. 13; 1977, c. 5, s. 14.
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