I-16.0.1 - Act respecting Investissement Québec

Section 27 Disposition versions

2021-04-01

27. The Government, on the recommendation of the Minister and the Minister of Finance, sets the remuneration it considers reasonable to grant the Company for the administration by the Company of the financial assistance programs the Government develops or designates under this Act, and for the carrying out by the Company of the mandates given to it by the Government, except a mandate referred to in the third paragraph of section 21.

For the purpose of setting that remuneration, the Company sends the Minister, on the date the Minister determines, a report showing, among other things, the amount corresponding to the sums it has allocated to the administration of those financial assistance programs and the carrying out of those mandates. An auditor’s report on the truth and accuracy of the sums so allocated must be attached to the Company’s report. The Company sends a reproduction of the reports, on the same date, to the Minister of Finance.

When setting the Company’s remuneration, the Government takes into account the revenue from the investment of the sums paid to the Company or to one of its subsidiaries under the Québec Immigration Regulation (chapter I-0.2.1, r. 3).

The Government determines, in the same manner, the other sums allocated to the administration of those financial assistance programs and the carrying out of those mandates that may be debited from the Fund by the Company.

The Government may set the conditions on which that remuneration and those sums may be debited from the Fund. The Minister then ensures compliance with the conditions set by the Government.

The Company debits that remuneration from the Fund.

2010, c. 37, s. 27; 2011, c. 18, s. 154; 2019, c. 29, s. 18; I.N. 2021-04-01.

2019-12-11

27. The Government, on the recommendation of the Minister and the Minister of Finance, sets the remuneration it considers reasonable to grant the Company for the administration by the Company of the financial assistance programs the Government develops or designates under this Act, and for the carrying out by the Company of the mandates given to it by the Government, except a mandate referred to in the third paragraph of section 21.

For the purpose of setting that remuneration, the Company sends the Minister, on the date the Minister determines, a report showing, among other things, the amount corresponding to the sums it has allocated to the administration of those financial assistance programs and the carrying out of those mandates. An auditor’s report on the truth and accuracy of the sums so allocated must be attached to the Company’s report. The Company sends a reproduction of the reports, on the same date, to the Minister of Finance.

When setting the Company’s remuneration, the Government takes into account the revenue from the investment of the sums paid to the Company or to one of its subsidiaries under the Regulation respecting the selection of foreign nationals (chapter I-0.2, r. 4).

The Government determines, in the same manner, the other sums allocated to the administration of those financial assistance programs and the carrying out of those mandates that may be debited from the Fund by the Company.

The Government may set the conditions on which that remuneration and those sums may be debited from the Fund. The Minister then ensures compliance with the conditions set by the Government.

The Company debits that remuneration from the Fund.

2010, c. 37, s. 27; 2011, c. 18, s. 154; 2019, c. 29, s. 18.

2012-04-01

27. After consultation with the Company, the Government sets a remuneration, for the Company, it deems reasonable for the administration by the Company of the financial assistance programs the Government develops or designates under this Act, and for the carrying out by the Company of the mandates given to it by the Government.

The Company debits the remuneration from the Fund.

When setting the Company’s remuneration, the Government takes into account the revenue from the investment of the sums paid to the Company or to one of its subsidiaries under the Regulation respecting the selection of foreign nationals (chapter I-0.2, r. 4).

The Government determines, in the same manner, the other sums allocated to the administration of the financial assistance programs and the carrying out of the mandates it gives the Company that the Company may debit from the Fund.

The Government may set the conditions on which that remuneration and those sums may be debited from the Fund. The Minister then ensures compliance with the conditions set by the Government.

The Government may delegate the powers conferred on it by this section to the Minister.

2010, c. 37, s. 27; 2011, c. 18, s. 154.

2011-04-01

27. After consultation with the Company, the Government sets a remuneration, for the Company, it deems reasonable for the administration by the Company of the financial assistance programs the Government develops or designates under this Act, and for the carrying out by the Company of the mandates given to it by the Government.

The Company takes the remuneration out of the Fund.

When setting the Company’s remuneration, the Government takes into account the revenue from the investment of the sums paid to the Company or to one of its subsidiaries under the Regulation respecting the selection of foreign nationals (R.R.Q., c. I-0.2, r. 4).

The Government determines, in the same manner, the other sums allocated to the administration of the financial assistance programs and the carrying out of the mandates it gives the Company that the Company may take out of the Fund.

The Government may set the conditions on which that remuneration and those sums may be taken out of the Fund. The Minister then ensures compliance with the conditions set by the Government.

The Government may delegate the powers conferred on it by this section to the Minister.

2010, c. 37, s. 27.