4(1.1)On the recommendation of the Board that an application be granted, the Minister may, without the approval of the Lieutenant-Governor in Council, provide direct loans in amounts of up to $100,000 per application to aid and encourage the establishment or development of aquaculture in the Province, except where that loan would constitute an additional disbursement under a previous loan approved by the Lieutenant-Governor in Council under subsection 3(1.1) of the Act.