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Canada Student Financial Assistance Regulations

Version of section 40.03 from 2006-03-22 to 2009-07-31:

  •  (1) The Minister shall pay to the appropriate authority or other body authorized by the Minister for a province the amount the authority or other body requires to make Canada access grants to qualifying students for a loan year under this Part.

  • (2) Each appropriate authority or other body shall provide to the Minister at the end of each loan year, or on request of the Minister during a loan year, an accounting of all grants made to qualifying students by that appropriate authority or other body during that loan year or other period identified by the Minister.

  • (3) An appropriate authority or other body shall repay to the Minister any money provided for a loan year that is not given as grants in accordance with this Part. The overpayment becomes a debt due to Her Majesty in right of Canada on the day after the last day of that loan year.

  • SOR/2005-152, s. 9

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