Federal-Provincial Fiscal Arrangements Regulations, 1999

16 (1) An amount lent to a province under subsection 6(9) of the Act is repayable or recoverable in 60 equal monthly instalments, the first of which becomes due and payable 30 days after the day on which the amount is lent.

(2) Despite anything in this Part, if an amount is lent to a province before the last day of February of the fiscal year for which an application has been received, that amount shall be repayable or recoverable in equal monthly instalments on the first day of every month throughout the period beginning on the April 1^st that immediately follows the lending of that amount and ending five years after the day on which that amount was lent.