Industrial and Regional Development Act (R.S.C., 1985, c. I-8)

Report

Marginal note:Report to Parliament

• 14 (1) The Minister shall cause to be laid before each House of Parliament, not later than June 1 next following the end of each fiscal year, or, if Parliament is not then sitting, on the first day thereafter that Parliament is sitting, a report respecting the administration of this Act for that fiscal year to the extent that information is available at the end of that fiscal year.

• Marginal note:Reference of report to Committee

  (2) Every report laid before Parliament under this section stands permanently referred to any Committee of Parliament designated or established for the purpose of reviewing matters relating to regional and industrial expansion.

Regulations

Marginal note:Regulations

15 The Governor in Council may make regulations

• (a) providing the method of establishing a development index, which would include a ranking for each district in a province having regard, with respect to each district, to the per capita level of income in the district, the level of employment in the district and the capacity of the province in which the district is located to raise revenue;

• (b) defining, for the purposes of this Act, the expressions “commercial operation” and “approved lender”;

• (c) determining the scope of any of the activities referred to in paragraphs 4(1)(a) to (d) or 5(1)(a) to (d);

• (d) prescribing, generally or with respect to each Tier Group, terms on which and conditions under which grants, contributions and loans may be made or guarantees given pursuant to this Act;

• (e) establishing the method of calculating the maximum amount, generally or with respect to each Tier Group, of a grant, contribution or loan that may be made or guarantee that may be given under this Act;

• (f) prescribing, generally or with respect to each Tier Group, the type of costs and activities in respect of which a grant, contribution or loan may be made or guarantee given under this Act;

• (g) specifying the circumstances in which and the manner in which the Minister may acquire, exercise, assign or sell a stock option obtained as a condition under which a contribution or loan was made or guarantee given under this Act;

• (h) prescribing anything that by this Act is to be prescribed; and

• (i) generally, for carrying out the purposes and provisions of this Act.

Expiration

Marginal note:Expiration

16 No grant, contribution, loan or guarantee may be made under this Act if the application therefor is received after June 30, 1988.