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

Section 6 Disposition versions

1987-03-01

6. Financial assistance may be in the form of

(1)  a loan;

(2)  a guarantee of payment or repayment of the whole or a part of a financial commitment;

(3)  a partial exemption from repayment of a loan obtained from the Corporation;

(4)  assistance determined by regulation.

1971, c. 64, s. 6; 1974, c. 56, s. 3; 1979, c. 13, s. 1; 1982, c. 39, s. 2; 1986, c. 110, s. 2.

1982-06-23

6. The Corporation may, in accordance with the regulations, grant financial assistance to a business in order

(a)  to promote investments in Québec with a view to the establishment, expansion or modernization of the business;

(b)  to promote research and innovation in Québec;

(c)  to promote the development of the activities of the tertiary actuators sector;

(d)  to promote the export from Québec of goods or services;

(e)  to promote tourism in Québec;

(f)  to promote the carrying out of any activity defined in a program established by government regulation.

1971, c. 64, s. 6; 1974, c. 56, s. 3; 1979, c. 13, s. 1; 1982, c. 39, s. 2.

1979-06-22

6. Replaced.

1971, c. 64, s. 6; 1974, c. 56, s. 3; 1979, c. 13, s. 1.

1977-12-31

6. The loans contemplated in the first paragraph of section 5 shall be granted at the interest rate current on the day when the loan is granted.

Nevertheless, such loans may be granted at a lower rate to a business contemplated in paragraph a or b of section 2 or in the second paragraph of such section.

Such loans may also be the object of an assumption under paragraph a of section 8.

1971, c. 64, s. 6; 1974, c. 56, s. 3.