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

Section 5
Disposition versions

Full text
5. The Government may establish, by regulation, financial assistance programs designed to promote economic development in Québec in the manufacturing, tourist and service industry sectors or any other sector and determine the conditions, criteria and limits of application thereof.
A regulation under the first paragraph pertaining to a matter under the jurisdiction of a minister other than the Minister of Industry, Trade, Science and Technology may be made only on the recommendation of that other minister prepared in cooperation with the Minister of Industry, Trade, Science and Technology.
1971, c. 64, s. 5; 1979, c. 13, s. 1; 1982, c. 39, s. 2; 1986, c. 110, s. 2; 1988, c. 41, s. 89; 1994, c. 16, s. 51.
5. The Government may establish, by regulation, financial assistance programs designed to promote economic development in Québec in the manufacturing, tourist and service industry sectors or any other sector and determine the conditions, criteria and limits of application thereof.
A regulation under the first paragraph pertaining to a matter under the jurisdiction of a minister other than the Minister of Industry, Trade and Technology may be made only on the recommendation of that other minister prepared in cooperation with the Minister of Industry, Trade and Technology.
1971, c. 64, s. 5; 1979, c. 13, s. 1; 1982, c. 39, s. 2; 1986, c. 110, s. 2; 1988, c. 41, s. 89.
5. The Government may establish, by regulation, financial assistance programs designed to promote economic development in Québec in the manufacturing, tourist and service industry sectors or any other sector and determine the conditions, criteria and limits of application thereof.
A regulation under the first paragraph pertaining to a matter under the jurisdiction of a minister other than the Minister of Industry and Commerce may be made only on the recommendation of that other minister prepared in cooperation with the Minister of Industry and Commerce.
1971, c. 64, s. 5; 1979, c. 13, s. 1; 1982, c. 39, s. 2; 1986, c. 110, s. 2.
5. The Corporation may administer programs of financial assistance established by government regulation to further the economic development of Québec in the sectors of manufacturing, tourism and tertiary actuators.
1971, c. 64, s. 5; 1979, c. 13, s. 1; 1982, c. 39, s. 2.
5. Loans granted under this act shall be at the current market rate, except in the cases provided for by regulation, where the applicable rate of interest will be fixed in the regulation.
1971, c. 64, s. 5; 1979, c. 13, s. 1.
5. Financial assistance may be in the form of a loan made by the Corporation and secured by hypothec, mortgage or pledge on real estate or machinery, or in any other manner considered appropriate.
It may also be in the form of a guarantee by the Corporation to repay all or part of any loan, including interest, made to such a business.
1971, c. 64, s. 5.
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