I-17 - University Investments Act

Full text
5. The Government may undertake to make grants payable under this Act for the purposes of investments approved under section 4 and at the same time to assume the obligation to repay out of such grants the whole or part of the principal and interest of any bonded debt contracted or to be contracted by any establishment to which such a grant is payable.
This section does not apply in respect of any loan contracted or issue of debentures made on or after 18 March 1987.
1968, c. 65, s. 5; 1982, c. 58, s. 41.
5. The Government may undertake to make grants payable under this act for the purposes of investments approved under section 4 and at the same time to assume the obligation to repay out of such grants the whole or part of the principal and interest of any bonded debt contracted or to be contracted by any establishment to which such a grant is payable.
1968, c. 65, s. 5.