Quebec Gross Revenue Insurance Program Conditional Remission Order

SI/2004-55

FINANCIAL ADMINISTRATION ACT

Registration 2004-06-02

Quebec Gross Revenue Insurance Program Conditional Remission Order

P.C. 2004-718 2004-05-20

Her Excellency the Governor General in Council, considering that it is in the public interest to do so, on the recommendation of the Minister of Agriculture and Agri-Food and the Treasury Board, pursuant to subsection 23(2.1)Footnote a of the Financial Administration Act, hereby makes the annexed Quebec Gross Revenue Insurance Program Conditional Remission Order.

 Remission in the amount of $7.828 million, plus any interest payable on that amount accruing on or after April 1, 2004, is hereby granted to the Government of Quebec, representing a debt owing to Her Majesty in the right of Canada under the terms of the Canada-Quebec 2002-2004 Agreement on the Use of the Interest Generated by the Surplus in the Gross Revenue Insurance Plan Funds for Quebec Crops, subject to the condition that the Minister of Agriculture and Agri-Food enter into an agreement with the Government of Quebec under which the latter agrees to make that same amount available for the benefit of Quebec grain and oilseed producers through the Production Insurance Program established under the Canada-Quebec Implementation Agreement between the Government of Canada and the Government of Quebec for the Purposes of Implementing the Federal-Provincial-Territorial Framework Agreement on Agricultural and Agri-Food Policy for the Twenty-First Century.

 
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