Farm Improvement and Marketing Cooperatives Loans and Fees Regulations, 1998 (SOR/99-122)

Regulations are current to 2012-05-14

Farm Improvement and Marketing Cooperatives Loans and Fees Regulations, 1998

SOR/99-122

CANADIAN AGRICULTURAL LOANS ACT

FARM IMPROVEMENT AND MARKETING COOPERATIVES LOANS ACT

Registration 1999-03-11

Farm Improvement and Marketing Cooperatives Loans and Fees Regulations, 1998

P.C. 1999-401  1999-03-11

His Excellency the Governor General in Council, on the recommendation of the Minister of Agriculture and Agri-Food, the Minister of Finance and the Treasury Board, pursuant to sections 4, 6, 10, 12 and 15Footnote a of the Farm Improvement and Marketing Cooperatives Loans ActFootnote b, hereby makes the annexed Farm Improvement and Marketing Cooperatives Loans and Fees Regulations, 1998.

INTERPRETATION

  • 1. (1) The definitions in this subsection apply in these Regulations.

    “Act”

    “Act” means the Farm Improvement and Marketing Cooperatives Loans Act. (Loi)

    “borrower”

    “borrower” means a farmer or a farm products marketing cooperative. (emprunteur)

    “guaranteed farm improvement loan”

    “guaranteed farm improvement loan” has the same meaning as in subsection 2(1) of the Farm Improvement Loans Act. (prêt garanti)

  • (2) The definitions in this subsection apply for the purposes of the Act.

    “additions”

    “additions” includes the installation and construction of foundations for buildings and the purchase of materials for that purpose, and the purchase and installation of equipment for, or systems of plumbing, heating, ventilating, air conditioning, sewage disposal or water supply or parts thereof to an existing structure or as part of an increase to an existing structure. (ajout)

    “alteration”

    “alteration”, with respect to a building, means a structural modification to the exterior or interior of any structure that is designed to improve, modernize or increase the usefulness of a structure and includes

    • (a) the purchase of material for that purpose;

    • (b) the relocation of any equipment; and

    • (c) the modification of any system of plumbing, heating, ventilating, air conditioning, sewage disposal, water supply or electrical system, or any parts thereof. (modification)

    “repair”

    “repair” includes the material required for the repair of any structure, implement or equipment, the painting of any structure and any repair to any system of plumbing, heating, ventilating, air conditioning, sewage disposal or water supply or electrical system, or any parts thereof. (réparation)

    “works for drainage”

    “works for drainage” means ditches, tiling and drainage installations and pumping and diking installations and includes works for the prevention of soil erosion by water. (travaux de drainage)

OTHER PRESCRIBED PURPOSES FOR LOANS

2. For the purpose of paragraph 4(1)(h) of the Act, the other purposes for loans made to farmers are the following:

  • (a) the clearing, breaking, irrigating and reclaiming of land;

  • (b) the conservation of soil and the prevention of soil erosion by the planting of trees and shelter belts;

  • (c) the purchase, movement to and installation on a farm of complete or partially complete structures and, if necessary, the completion of the installed structures;

  • (d) if the cost is $2,000 or more, a repair or overhaul of fencing;

  • (e) if the cost is $2,000 or more, the purchase and planting of maple trees for maple syrup production and the purchase and planting of fruit trees, Christmas trees and ginseng;

  • (f) the construction of a road or driveway on a farm;

  • (g) the costs of land transfer taxes and survey, appraisal and legal costs relating to the purchase of additional land;

  • (h) the purchase of a crop storage condominium;

  • (i) the cost of obtaining security on existing assets; and

  • (j) the cost of a fee or charge referred to in section 17.