Marginal note:Debt obligations
46.1 (1) The Corporation may, with the approval of the Minister of Finance, borrow money by any means, including the issuance and sale of bonds, debentures, notes and any other evidence of indebtedness of the Corporation.
Marginal note:Loans to the Corporation
(2) At the request of the Corporation, the Minister of Finance may, out of the Consolidated Revenue Fund, lend money to the Corporation on such terms and conditions as that Minister may fix.
Marginal note:Total indebtedness
(3) The total indebtedness outstanding in respect of borrowings under subsections (1) and (2) shall not exceed
(a) $25,000,000; or
(b) such greater amount as may be authorized for the purposes of this subsection by Parliament under an appropriation Act.
- 1994, c. 18, s. 18
- Date modified: