F-1.2 - Act respecting farm financing

Section 147 Disposition versions

1988-08-11

147. Where to the knowledge of the Office, a person to whom a capital subsidy or interest subsidy was granted ceases to be a farmer or an aspiring farmer or to make farming his principal occupation or activity, as the case may be, or ceases to comply with the requirements for entitlement to the instalments of the subsidy or where that default is attributable to one or more persons who rendered the recipient eligible for the subsidy, his right to receive the instalments of the subsidy which are not yet paid shall be suspended for three years or less.

Where the default is not attributable to all the persons who rendered the recipient eligible for the subsidy, the suspension of the right shall apply only to that part of the subsidy for which he was rendered eligible by the person or persons having ceased to comply with the requirements.

1987, c. 86, s. 147.