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4 | Repealed |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14 | Repealed |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(2) | Repealed |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 |