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S-10.002 - Act respecting the Société de développement des entreprises culturelles
Section 18
Disposition versions
18. The Société may, within the scope of its plan of activities and on the conditions it determines, grant financial assistance by means of
(1) a loan;
(2) a guarantee of full or partial repayment of a financial commitment;
(3) an investment based on the anticipated profitability of a project or an enterprise, in return for a share in the profits, royalties or any other form of compensation;
(4) a subsidy;
(5) assistance that is partially repayable on the basis of revenues, if any;
(6) any other form of assistance authorized by the Government.
However, a subsidy, partially repayable assistance or preferential loan, namely, a loan at a rate of interest lower than the prevailing market rate or temporarily free of interest, may be granted only within the scope of the financial assistance programs of the Société.
