C-78 - Forestry Credit Act

Section 14 Disposition versions

1977-12-31

14. The purposes of a loan granted under section 13 must be the following:

(1)  purchase of forest seeds and plants;

(2)  purchase or repair of forest machinery, equipment or implements;

(3)  purchase or improvement of sugary material or equipment;

(4)  improvement to the borrower’s forest;

(5)  protection of the forest against deteriorative agents;

(6)  purchase, construction or improvement of buildings.

One or another of the borrowing purposes provided for in this section may, for the purposes of its application, be defined or listed in a regulation.

1975, c. 33, s. 14.