11(1)The Board or a panel of the Board shall consider each application for financial assistance referred to it by the Minister and shall transmit to the Minister, within a reasonable time, a recommendation setting out its approval or disapproval of the application.

11(2)A recommendation made under subsection (1) shall be decided by a majority vote and, in the event of a tie vote, the Chair of the Board or the panel, as the case may be, shall cast the deciding vote.

11(1)The Board shall consider all applications for financial assistance for more than $25,000 made to it under this Act and the regulations and shall transmit to the Minister, within a reasonable time after considering each application, a recommendation setting out its approval or disapproval of each application.

11(2)The Minister shall, in respect of applications for assistance that have been recommended for approval by the Board and that require the approval of the Lieutenant-Governor in Council, transmit the recommendation received under subsection (1) to the Lieutenant-Governor in Council.

11(3)The Minister and the Lieutenant-Governor in Council are not bound by a recommendation of the Board made under this section.

11(1)The Board shall consider all applications for financial assistance for more than $25,000 made to it under this Act and the regulations and shall transmit to the Minister, within a reasonable time after considering each application, a recommendation setting out its approval or disapproval of each application.

11(2)The Minister shall, in respect of applications for assistance that have been recommended for approval by the Board and that require the approval of the Lieutenant-Governor in Council, transmit the recommendation received under subsection (1) to the Lieutenant-Governor in Council.

11(3)The Minister and the Lieutenant-Governor in Council are not bound by a recommendation of the Board made under this section.