This is an official version.

Copyright 2006: Queens Printer,

St. John's, Newfoundland and Labrador, Canada

Important Information

(Includes details about the availability of printed and electronic

versions of the Statutes.)

Table of Public Statutes

Main Site

How current is this statute?

Responsible Department

RSNL1990

CHAPTER C-41

CROWN GUARANTEE AND LOAN ACT

Amended:

CHAPTER C-41

AN ACT RESPECTING THE GUARANTEEING BY THE CROWN OF CERTAIN BONDS, DEBENTURES AND LOANS AND RESPECTING THE MAKING OF CERTAIN LOANS BY THE CROWN

Analysis

Short title

Substitution of minister

Section 2 not restricted

Schedule

Short title

This Act may be cited as the Crown Guarantee and Loan Act.

1973 No13 s1

Back to Top

Substitution of minister

(1) Where in

an Act, including

an Act referred to in the Schedule, a minister of the Crown other than the Minister of Finance is authorized, with or without the approval of the Lieutenant-Governor in Council or other approval, on behalf of the Crown on behalf of the government of the province, or in a similar representative capacity, to

(

a) guarantee the repayment of a bond or debenture issue or loan;

(

b) make a loan, other than a bounty repayable to any extent; or

(

c) act in an incidental manner, except in the capacity of Attorney General, in respect of the guarantee or making,

the authority is to be exercised by the Minister of Finance, and a reference in another Act to a minister other than the Minister of Finance with respect to the matters referred to in paragraphs (a), (

b) or (c), shall be considered to be a reference to the Minister of Finance.

(2) Where in

an Act, including

an Act referred to in the Schedule, a board, commission or other body appointed by the Lieutenant-Governor in Council is authorized, with or without approval, to guarantee, on behalf of the Crown on behalf of the government of the province, or in a similar representative capacity, the repayment of a bond or debenture issue or loan, the authority is to be exercised by the Minister of Finance.

1973 No13 s2; 1979 c3 s1

Back to Top

Section 2 not restricted

The generality of

section 2 shall not be restricted by a particularization of Acts appearing in the Schedule.

1973 No13 s3

Back to Top

Schedule

(

a) the Loan and Guarantee Act

, 1957;

(

b) the Local Authority Guarantee Act

, 1957;

(

c) the Senior Citizens Housing Act

(

d) the Municipal Financing Corporation Act

(

e) the Housing Corporation Act

(

f) the Melville Pulp & Paper Limited (Authorization of Agreement) Act

, 1966-67;

(

g) the Industrial Development Corporation Act

; and

(

h) the Stephenville Linerboard Mill (Agreement) Act

, 1972.

1973 No13 Sch

Queen's Printer