F-1.2 - Act respecting farm financing

Section 138 Disposition versions

1988-08-11

138. The Minister of Finance may at the request of the Office pay to it, out of the consolidated revenue fund, the sums required to make up, during each fiscal year of the Office,

(1)  the difference between the amount of interest payable by the Office on sums borrowed and the amount paid as interest by borrowers from or debtors of the Office;

(2)  any loss in principal and interest sustained by the Office on loans granted or authorized by it before 1 August 1978 and of which repayment is not insured under the Act respecting farm-loan insurance and forestry-loan insurance (chapter A-29.1);

(3)  any expenses charged to the working fund of the Office which it was not possible to recover by realizing on the security and of which repayment is not insured under the Act respecting farm-loan insurance and forestry-loan insurance.

1987, c. 86, s. 138.