S-11.01 - Act respecting the Société de développement industriel du Québec

Section 45 Disposition versions

1979-06-22

45. The Government, on such conditions as it determines, may:

(a)  guarantee the payment in principal and interest of any loan of the Corporation and the performance of any of its obligations;

(b)  authorize the Minister of Finance to advance to the Corporation, notwithstanding section 46.1, any amount considered necessary for the carrying out of this act, at such rate of interest, for such time and on such other conditions as the Government may determine.

The sums which the Government may be called upon to pay under such guarantees or to advance to the Corporation shall be taken out of the consolidated revenue fund.

1971, c. 64, s. 45; 1974, c. 56, s. 12; 1977, c. 5, s. 14; 1979, c. 13, s. 11.

1977-12-31

45. The Gouvernement, on such conditions as it determines, may:

(a)  guarantee the payment in principal and interest of any loan of the Corporation and the performance of any of its obligations;

(b)  authorize the Minister of Finance to advance to the Corporation any amount considered necessary for the carrying out of this act, at such rate of interest, for such time and on such other conditions as the Gouvernement determines.

The sums which the Gouvernement may be called upon to pay under such guarantees or to advance to the Corporation shall be taken out of the consolidated revenue fund.

1971, c. 64, s. 45; 1974, c. 56, s. 12; 1977, c. 5, s. 14.