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Canadian Dairy Commission Act

Version of section 16 from 2020-05-15 to 2024-10-30:


Marginal note:Loans to Commission

  •  (1) At the request of the Commission, the Minister of Finance may, out of the Consolidated Revenue Fund, make loans to the Commission on such terms and conditions as are approved by the Governor in Council for the purpose of exercising any of the powers of the Commission described in paragraphs 9(1)(a) and (b).

  • Marginal note:Limit

    (2) The total aggregate amount outstanding at any time of loans made under subsection (1) and amounts drawn under subsection 16.1(2) shall not exceed five hundred million dollars.

  • R.S., 1985, c. C-15, s. 16
  • 1992, c. 1, s. 144(F)
  • 1995, c. 23, s. 6
  • 2020, c. 8, s. 1

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