22(1)The Corporation or one of its subsidiaries may, with the approval of the Minister of Finance and Treasury Board, borrow money from any chartered bank and make arrangements with any chartered bank for loans or money overdrafts with such times of repayment as the Corporation or its subsidiary considers advisable and necessary, and the Corporation or its subsidiary, as the case may be, may mortgage its own lands and other assets to secure the loans.

22(2)The Lieutenant-Governor in Council may, on such terms and conditions as he or she considers expedient, authorize the guarantee by the Minister of Finance and Treasury Board, on behalf of the Crown in right of the Province, of the repayment of all money borrowed by the Corporation or any of its subsidiaries under this section, and the guarantee, when given, renders the Crown in right of the Province liable for the repayment of the money so borrowed, and is conclusive evidence of the liability of the Province.

22(3)The Minister of Finance and Treasury Board may advance out of the Consolidated Fund such sums as may be necessary for the purpose of discharging, in whole or in part, all or any liabilities of the Corporation or one of its subsidiaries that have been guaranteed under subsection (2).

22(4)The Corporation or its subsidiary, as the case may be, shall repay all sums advanced by the Minister of Finance and Treasury Board in the manner determined by the Minister, and the sums shall bear interest, for credit to the Consolidated Fund, at such rate as may be determined by the Minister until paid in full.

22(5)Unless otherwise provided in this Act, the Corporation shall not be a surety or guarantor of the debts and obligations of its subsidiary.

22(1)The Corporation or one of its subsidiaries may, with the approval of the Minister of Finance, borrow money from any chartered bank and make arrangements with any chartered bank for loans or money overdrafts with such times of repayment as the Corporation or its subsidiary considers advisable and necessary, and the Corporation or its subsidiary, as the case may be, may mortgage its own lands and other assets to secure the loans.

22(2)The Lieutenant-Governor in Council may, on such terms and conditions as he or she considers expedient, authorize the guarantee by the Minister of Finance, on behalf of the Crown in right of the Province, of the repayment of all money borrowed by the Corporation or any of its subsidiaries under this section, and the guarantee, when given, renders the Crown in right of the Province liable for the repayment of the money so borrowed, and is conclusive evidence of the liability of the Province.

22(3)The Minister of Finance may advance out of the Consolidated Fund such sums as may be necessary for the purpose of discharging, in whole or in part, all or any liabilities of the Corporation or one of its subsidiaries that have been guaranteed under subsection (2).

22(4)The Corporation or its subsidiary, as the case may be, shall repay all sums advanced by the Minister of Finance in the manner determined by the Minister, and the sums shall bear interest, for credit to the Consolidated Fund, at such rate as may be determined by the Minister until paid in full.

22(5)Unless otherwise provided in this Act, the Corporation shall not be a surety or guarantor of the debts and obligations of its subsidiary.

22(1)The Corporation may, with the approval of the Minister of Finance, borrow money from any chartered bank and make arrangements with any chartered bank for loans or money overdrafts with such times of repayment as the Corporation considers advisable and necessary, and may mortgage the lands and other assets of the Corporation to secure the loans.

22(2)The Lieutenant-Governor in Council may, on such terms and conditions as he or she considers expedient, authorize the guarantee by the Minister of Finance, on behalf of the Crown in right of the Province, of the repayment of all money borrowed by the Corporation under this section, and the guarantee, when given, renders the Crown in right of the Province liable for the repayment of the money so borrowed, and is conclusive evidence of the liability of the Province.

22(3)The Minister of Finance may advance out of the Consolidated Fund such sums as may be necessary for the purpose of discharging, in whole or in part, all or any liabilities of the Corporation or guaranteed, and all sums so advanced shall be repaid by the Corporation in such amounts and at such times as the Minister of Finance may decide, and until paid bear interest, for credit to the Consolidated Fund, at such rate as may be determined by the Minister of Finance.