Federal-Provincial Fiscal Arrangements Regulations, 1999

19 (1) If the Minister determines, at any time, that an amount lent to a province under subsection 6(9) of the Act is more than the difference between the fiscal stabilization payment calculated under subsections 6(1) to (6) of the Act and the limit for that payment determined in accordance with subsection 6(8) of the Act, the amount of the difference is to be deducted from any amount payable to the province under the Act. Any part of that difference that is not so deducted may be recovered from the province as a debt due to Her Majesty in right of Canada.

(2) An amount that is repaid by, or recovered from, the province under section 16 of these Regulations before the deduction or recovery referred to in subsection (1) reduces the balance that would otherwise have been determined to be outstanding on a loan to a province made under subsection 6(9) of the Act.

(3) On making a deduction or recovery referred to in subsection (1), each monthly instalment that otherwise would be due and payable under section 16 is reduced to the quotient that results from dividing the difference between the balance referred to in subsection (2) and the amount of the deduction or recovery by the number of instalments remaining to be paid.