F-3.2.2 - Act respecting the government air service fund

Section 21.1 Disposition versions

1996-06-13

21.1. The minister responsible for the administration of this Act may, for the purposes of the government air service, with the authorization of the Government and subject to the conditions it determines, deposit with the Minister of Finance sums, to be managed by him, taken out of the sums constituting a special fund, in order to create a sinking fund. The object of the sinking fund is to pay, out of the sums constituting such fund and out of the revenue therefrom, on the appointed maturity dates, the principal and interest of any loan repayable out of the special fund and to discharge any obligation provided for in a contract relating to the goods or services financed by the special fund, including an obligation arising out of the exercise of a right or an option.

1996, c. 7, s. 3.