C.C.S.M. c. C155
The Communities Economic Development Fund Act
1 | (1) | Definitions |
(2) | Registered common-law relationship | |
2 | Continuation of fund | |
3 | (1) | Objects |
(2) | Focus of the fund | |
4 | Repealed | |
5 | Board | |
6 | (1) | Chairperson |
(1.1) | Board may designate acting chairperson | |
(2) | Remuneration to directors | |
6.1 | (1) | Activities of the fund |
(2) | General powers of fund | |
7 | (1) | Power to provide financial assistance |
(2) | Power respecting corporation | |
(3) | Fund may acquire personal property | |
(4) | Acquisition and lease of property | |
(5) | Fund may establish corporations | |
8 | (1) | Forms of financial assistance |
(2) | Reports and information etc. | |
(3) | Terms and conditions must be considered | |
9 | (1) | Interest rates |
(2) | Professional and expert assistance | |
10 | (1) | Supervision of financial assistance |
(2) | Record of supervision of financial assistance | |
(3) | Powers of board where money misapplied | |
(4) | Audit of affairs of borrower | |
11 | Sale of mortgaged security | |
12 | Fund to obtain progress reports | |
13 | Advances to protect security | |
14 | Repealed | |
15 | (1) | Board to supervise fund |
(1.1) | Disallowance of by-law by minister | |
(2) | Limit respecting financial assistance | |
(3) | Appointment of directors of corporate borrowers | |
(4) | Appointment under subsection (3) does not create significant interest | |
(5) | Limitation on actions of directors where financial interest involved | |
(6) | Decision as to interest | |
(7) | Disclosure of facts by directors | |
(8) | Offence and penalty | |
16 | (1) | Appointment of chief executive officer |
(2) | Duties of chief executive officer | |
17 | (1) | Shares in companies |
(2) | Qualifying shares in companies | |
(3) | Transfer of qualifying shares in companies | |
(4) | Transfer of shares in subsidiary company | |
18 | Fiscal year | |
19 | Audit | |
20 | Fund an agency of Crown | |
21 | (1) | Acquisition of property |
(2) | Disposal of property | |
(3) | Where approval of Lieutenant Governor in Council not required | |
(4) | Acceptance of certificate by district registrar | |
22 | (1) | Annual reports |
(2) | Further reports | |
(3) | Quarterly financial statements | |
(3.1) | Tabling of statements in the Assembly | |
(3.2) | Available to public | |
(4) | Special reports respecting loan | |
23 | (1) | Production of information for assembly |
(2) | Production on most recent audited statement | |
24 | (1) | Regulations |
(2) | Repealed | |
25 | Application of Securities Act | |
26 | (1) | Application of other Acts |
(2) | General capacity | |
(3) | Taking security | |
(4) | Exercise of rights, etc. | |
(5) | Acts to prevail | |
(6) | Repealed | |
27 | Penalty | |
28 | (1) | Protection from liability |
(2) | Fund's director of corporate borrower | |
29 | Moneys required by fund |