Farm Credit Canada Act

Marginal note:Capital payments

• 11 (1) At the request of the Corporation, the Minister of Finance may pay to the Corporation out of the Consolidated Revenue Fund

  • (a) for the period beginning on the day on which this subsection comes into force and ending on September 30, 2020, amounts not exceeding in the aggregate the amount that the Minister of Finance determines during that period, or, if that Minister redetermines the amount during that period, the most recently determined amount; and

  • (b) on and after October 1, 2020, amounts not exceeding in the aggregate an amount equal to the amount determined by the Minister of Finance under paragraph (a), or, if that Minister redetermined the amount under that paragraph, the last amount so determined.

• Marginal note:Publication in Canada Gazette

  (1.1) As soon as feasible after determining or redetermining an amount under paragraph (1)(a), the Minister of Finance shall publish a notice of that amount in the Canada Gazette.

• Marginal note:Capital of the Corporation

  (2) The capital of the Corporation consists of the aggregate of the amounts paid to the Corporation pursuant to subsection (1) and the amount of the retained earnings of the Corporation, which latter amount may be positive or negative.

• (3) [Repealed, 2020, c. 5, s. 53]