5(1)A person shall make an application for financial assistance under subsection 3(1) or (2) on a form provided by the Minister, and in the manner prescribed by regulation.

5(2)When the total amount of financial assistance requested by a person exceeds the amount prescribed by regulation, the Minister shall refer the application to the Board for its consideration and recommendation.

5(3)The Board or a panel of the Board constituted under section 10.1 of the Agricultural Development Act 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.

5(4)With respect to an application referred to the Board, the Minister, at his or her discretion, may provide the financial assistance up to an amount prescribed by regulation.

5(5)If the total amount of financial assistance requested by a person exceeds the amount referred to in subsection (4), the Minister shall not provide the financial assistance without the approval of the Lieutenant-Governor in Council.

5(6)The Minister may amend the terms and conditions of any financial assistance provided under subsection 3(1) or (2), 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.

5(7)The Minister and the Lieutenant-Governor in Council are not bound by a recommendation made by the Board.

5(8)If an application for financial assistance is rejected, the Minister shall notify the person submitting the application of the decision in writing within a reasonable time, but is not required to give reasons for refusal or to disclose the Board’s recommendations.

5(9)A decision respecting an application for financial assistance is final and conclusive and may not be questioned or reviewed in any court.

5(1)The Minister shall not act under the authority of subsection 3(1) or (1.1) unless an application has been made to the Board, and

5(2)Any person who seeks financial assistance shall make an application for such assistance to the Board in accordance with the regulations.

5(3)The Board shall consider all applications for financial assistance for more than twenty-five thousand dollars made to it and shall transmit to the Minister, within a reasonable time of considering each application, a recommendation setting forth

5(3.1)The Board shall refer to the Minister all applications for financial assistance for twenty-five thousand dollars or less made to it.

5(3.2)The Board is not required to make a recommendation with respect to an application referred to the Minister under subsection (3.1).

5(4)The Board may, or at the request of the Minister shall, transmit its recommendations to the Minister on matters arising out of anything done or about to be done under the authority of section 3 and such recommendations may include advice on the deferment of loan payments, the extension of a loan guarantee, a bond guarantee or a debenture guarantee period, the commutation or rescission of a debt due the Minister or the amendment of the terms and conditions of anything done under the authority of section 3.

5(5)The Board may recommend to the Minister amendments to or alteration of legislation or policy in regard to financial assistance provided for under this Act.

5(6)The Minister is not bound by a recommendation of the Board made under this section.

5(1)The Minister shall not act under the authority of subsection 3(1) or (1.1) unless an application has been made to the Board, and

5(2)Any person who seeks financial assistance shall make an application for such assistance to the Board in accordance with the regulations.

5(3)The Board shall consider all applications for financial assistance for more than twenty-five thousand dollars made to it and shall transmit to the Minister, within a reasonable time of considering each application, a recommendation setting forth

5(3.1)The Board shall refer to the Minister all applications for financial assistance for twenty-five thousand dollars or less made to it.

5(3.2)The Board is not required to make a recommendation with respect to an application referred to the Minister under subsection (3.1).

5(4)The Board may, or at the request of the Minister shall, transmit its recommendations to the Minister on matters arising out of anything done or about to be done under the authority of section 3 and such recommendations may include advice on the deferment of loan payments, the extension of a loan guarantee, a bond guarantee or a debenture guarantee period, the commutation or rescission of a debt due the Minister or the amendment of the terms and conditions of anything done under the authority of section 3.

5(5)The Board may recommend to the Minister amendments to or alteration of legislation or policy in regard to financial assistance provided for under this Act.

5(6)The Minister is not bound by a recommendation of the Board made under this section.

5(1)The Minister shall not act under the authority of subsection 3(1) unless an application has been made to the Board, and

5(2)Any person who seeks financial assistance shall make an application for such assistance to the Board in accordance with the regulations.

5(3)The Board shall consider all applications for financial assistance for more than twenty-five thousand dollars made to it and shall transmit to the Minister, within a reasonable time of considering each application, a recommendation setting forth

5(3.1)The Board shall refer to the Minister all applications for financial assistance for twenty-five thousand dollars or less made to it.

5(3.2)The Board is not required to make a recommendation with respect to an application referred to the Minister under subsection (3.1).

5(4)The Board may, or at the request of the Minister shall, transmit its recommendations to the Minister on matters arising out of anything done or about to be done under the authority of section 3 and such recommendations may include advice on the deferment of loan payments, the extension of a loan guarantee, a bond guarantee or a debenture guarantee period, the commutation or rescission of a debt due the Minister or the amendment of the terms and conditions of anything done under the authority of section 3.

5(5)The Board may recommend to the Minister amendments to or alteration of legislation or policy in regard to financial assistance provided for under this Act.

5(6)The Minister is not bound by a recommendation of the Board made under this section.

5(1)The Minister shall not act under the authority of subsection 3(1), unless

5(2)Any person who seeks financial assistance shall make an application for such assistance to the Board in accordance with the regulations.

5(3)The Board shall consider all applications made to it and shall transmit to the Minister, within a reasonable time of considering each application, a recommendation setting forth

5(4)The Board may, or at the request of the Minister shall, transmit its recommendations to the Minister on matters arising out of anything done or about to be done under the authority of section 3 and such recommendations may include advice on the deferment of loan payments, the extension of a loan guarantee, a bond guarantee or a debenture guarantee period, the commutation or rescission of a debt due the Minister or the amendment of the terms and conditions of anything done under the authority of section 3.

5(5)The Board may recommend to the Minister amendments to or alteration of legislation or policy in regard to financial assistance provided for under this Act.

5(6)The Minister is not bound by a recommendation of the Board made under this section.