I-17 - University Investments Act

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6. The Minister is authorized to pay to the university establishments the grants made under this Act in accordance with the terms agreed upon with them, and to pay each year all or part of the principal of and interest on any loan contracted by such an establishment and contemplated in section 5 up to the amount authorized for the current year.
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. 6; 1982, c. 58, s. 42.
6. The Minister is authorized to pay to the university establishments the grants made under this act in accordance with the terms agreed upon with them, and to pay each year all or part of the principal of and interest on any loan contracted by such an establishment and contemplated in section 5 up to the amount authorized for the current year.
1968, c. 65, s. 6.