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C-78.1 - Act to promote forest credit by private institutions

Section 63
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63. The Government may establish a working fund for the agency out of the Consolidated Revenue Fund, not exceeding $1,000,000, for the outlays necessary for the protection of the loans it grants, and more particularly, but without restricting the generality of the foregoing, for payment of insurance premiums, taxes and assessments, exercise of redemption rights, acquisition, conservation, administration, restoration and resale of the property securing the loans. As soon as they are recovered, the sums so paid out must be returned to such working fund.
1983, c. 16, s. 63; 1992, c. 32, s. 43; 2000, c. 53, s. 66.
63. The Government may establish a working fund for the Société out of the consolidated revenue fund, not exceeding $1 000 000, for the outlays necessary for the protection of the loans it grants, and more particularly, but without restricting the generality of the foregoing, for payment of insurance premiums, taxes and assessments, exercise of redemption rights, acquisition, conservation, administration, restoration and resale of the property securing the loans. As soon as they are recovered, the sums so paid out must be returned to such working fund.
1983, c. 16, s. 63; 1992, c. 32, s. 43.
63. The Government may establish a working fund for the Office out of the consolidated revenue fund, not exceeding $1 000 000, for the outlays necessary for the protection of the loans it grants, and more particularly, but without restricting the generality of the foregoing, for payment of insurance premiums, taxes and assessments, exercise of redemption rights, acquisition, conservation, administration, restoration and resale of the property securing the loans. As soon as they are recovered, the sums so paid out must be returned to such working fund.
1983, c. 16, s. 63.
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