Acts and Regulations

2011, c.155 - Farm Improvement Assistance Loans Act

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Repealed on 5 June 2015
2011, c.155
Farm Improvement
Assistance Loans Act
Deposited May 13, 2011
Repealed: 2015, c.10, s.1.
Definition of “Director”
1In this Act, “Director” means The Director, The Veterans’ Land Act appointed under section 3 of the Veterans’ Land Act (Canada).
R.S.1973, c.F-5, s.1
Rebate of interest to farmers
2The Minister of Agriculture, Aquaculture and Fisheries
(a) may pay the difference, not exceeding 3%, between the annual interest of 2.5% and that charged by the Director after June 1, 1969, to the farmers of New Brunswick on loans advanced to them before April 1, 1978, under section 71 of the Veterans’ Land Act (Canada), and
(b) may in accordance with the regulations advance money to a farmer by way of subsidy in respect of interest on the capital of loans made to the farmers of this Province after March 31, 1978, under section 71 of the Veterans’ Land Act (Canada).
R.S.1973, c.F-5, s.2; 1978, c.20, s.1; 1986, c.8, s.43; 1996, c.25, s.12; 2000, c.26, s.122; 2009, c.36, s.3; 2010, c.31, s.40
Regulations
3The Lieutenant-Governor in Council may make regulations
(a) respecting the terms and conditions on which the Minister of Agriculture, Aquaculture and Fisheries may advance money under section 2;
(b) prescribing the method by which subsidies are to be calculated for the purposes of paragraph 2(b).
R.S.1973, c.F-5, s.3; 1978, c.20, s.2; 1986, c.8, s.43; 1996, c.25, s.12; 2000, c.26, s.122; 2009, c.36, s.3; 2010, c.31, s.40
N.B. This Act was proclaimed and came into force September 1, 2011.
N.B. This Act is consolidated to June 5, 2015.