Acts and Regulations

2015, c.2 - Opportunities New Brunswick Act

Section 26
Disposition versions

Full text
Amending terms and conditions
26(1)Subject to subsections (2) and (3), Opportunities NB may amend the terms or conditions of any financial assistance provided under this Act, including, without limitation, by extending, deferring, adjusting or compromising the time for repayment of financial assistance or by commuting, rescinding or forgiving any or all of the principal and any or all of the interest of a loan provided under this Act.
26(2)If the amount of the principal and interest exceeds the amount prescribed by regulation, Opportunities NB shall not commute, rescind or forgive the principal and interest without the approval of the Lieutenant-Governor in Council.
26(3)If the amount of the principal and interest exceeds the amount prescribed by regulation, Opportunities NB shall not amend the terms and conditions referred to in subsection 23(2) without the approval of the Lieutenant-Governor in Council.
2015, c.35, s.4
Amending terms and conditions
26(1)Subject to subsections (2) and (3), Opportunities NB may amend the terms or conditions of any financial assistance provided under this Act, including, without limitation, by extending, deferring, adjusting or compromising the time for repayment of financial assistance or by commuting, rescinding or forgiving any or all of the principal and any or all of the interest of a loan provided under this Act.
26(2)If the amount of the principal and interest exceeds the amount prescribed by regulation, Opportunities NB shall not commute, rescind or forgive the principal and interest without the approval of the Lieutenant-Governor in Council.
26(3)If the amount of the principal and interest exceeds the amount prescribed by regulation, Opportunities NB shall not amend the terms and conditions referred to in subsection 23(2) without the approval of the Lieutenant-Governor in Council.
Amending terms and conditions
26(1)Subject to subsections (2) and (3), Opportunities NB may amend the terms or conditions of any financial assistance provided under this Act, including, without limitation, by extending, deferring, adjusting or compromising the time for repayment of financial assistance or by commuting, rescinding or forgiving any or all of the principal and any or all of the interest of a loan provided under this Act.
26(2)If the amount of the principal and interest exceeds the amount prescribed by regulation, Opportunities NB shall not commute, rescind or forgive the principal and interest without the approval of the Lieutenant-Governor in Council.
26(3)If the amount of the principal and interest exceeds the amount prescribed by regulation, Opportunities NB shall not amend the terms and conditions referred to in subsection 23(2) without the approval of the Lieutenant-Governor in Council.