N.R.C. Sales and Loans Regulations (SOR/81-403)

Regulations are current to 2017-11-20

N.R.C. Sales and Loans Regulations

SOR/81-403

FINANCIAL ADMINISTRATION ACT

Registration 1981-05-22

Regulations Respecting Sales and Loans by the National Research Council of Canada

P.C. 1981-1335 1981-05-21

His Excellency the Governor General in Council, on the recommendation of the Minister designated for the purpose of the National Research Council Act and the Treasury Board, pursuant to section 52 of the Financial Administration Act, is pleased hereby to make the annexed Regulations respecting sales and loans by the National Research Council of Canada.

Short Title

 These Regulations may be cited as the N.R.C. Sales and Loans Regulations.

Interpretation

 In these Regulations,

Council

Council means the National Research Council of Canada;

equipment

equipment means scientific equipment that is owned by the Council and that has been specially manufactured by or for the Council or that is otherwise not readily available to the borrower; and

non-surplus research material

non-surplus research material means material that is part of the inventory or stores of the Council.

Sales

 Subject to the conditions set out in Schedule I, the Council may sell non-surplus research material to persons that are engaged in doing research or development work, at the invitation of the Council, on property that is owned by the Council.

Loans

 Subject to the conditions set out in Schedule II, the Council may make gratuitous loans of equipment to Her Majesty in right of Canada or of a province, municipal corporations, hospitals, universities or other educational institutions or persons for the purpose of teaching, research or development.

 
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