Acts and Regulations

F-5 - Farm Improvement Assistance Loans Act

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Repealed on 1 September 2011
CHAPTER F-5
Farm Improvement
Assistance Loans Act
Repealed: R.S.N.B. 2011, Schedule A
Director
1In this Act, “Director” means The Director, Veterans’ Land Act appointed under section 3 of the Veterans’ Land Act, chapter V-4 of the Revised Statutes of Canada, 1970.
1969, c.5, s.1
Rebate of interest to farmers
2The Minister of Agriculture, Aquaculture and Fisheries
(a) may pay the difference, not exceeding three per cent, between the annual interest of two and one-half per cent 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, chapter V-4 of the Revised Statutes of Canada, 1970, 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, chapter V-4 of the Revised Statutes of Canada, 1970.
1969, c.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 upon which the Minister of Agriculture, Aquaculture and Fisheries may advance money under section 2; and
(b) prescribing the method upon which subsidies are to be calculated for the purposes of paragraph 2(b).
1969, c.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 is consolidated to September 1, 2011.