Nova Scotia Order in Council 14063/2008

O.C. 14063/2008

Nova Scotia — Orders in Council

OIC Number: 2008 - 331

Date of Order: Jun 17, 2008

Statute: Fisheries and Coastal Resources Act

OIC Text: The Governor in Council on the report and recommendation of the Minister of Fisheries and Aquaculture dated May 13, 2008, and pursuant to

Section 42 of

Chapter 25 of the Acts of 1996, the Fisheries and Coastal Resources Act, is pleased to amend Order in Council 2008-171 made by the Governor in Council on March 31, 2008, respecting amendments to the Fisheries and Aquaculture Loan Regulations, N.S. Reg. 191/80, to correct certain errata in

Schedule "A" to the Order in Council by striking out item 5 of the

Schedule and substituting the following item: 5 Subsection 6(3) of the regulations is repealed and the following subsection substituted:

(3) The repayment of loans for the purpose of aquaculture shall be as follows: (

a) for salmonids, no principal repayment required until 60 days after the completion of the first harvest after the loan has been made, and the loan must be completely repaid within 10 years; (

b) for mussels, no principal repayment required until 60 days after the completion of the first harvest after the loan has been made, and the loan must be completely repaid within 10 years; (

c) for oysters and sea plants, no principal repayment required until 60 days after the completion of the first harvest after the loan has been made, and the loan must be completely repaid within 12 years; and (

d) for all other aquaculture projects, repayments of loan principal shall be at the discretion of the Board.

Department(s): Fisheries and Aquaculture

Document details

Collection	Nova Scotia — Orders in Council
Citation	O.C. 14063/2008
Date	2008-01-01
Type	order_in_council
Volume / chapter	2008 14063
Language	en
Format	html
Source	PROVINCIAL
Identifier	3781dff046f0888d7db363b7234cc1c2f99fd953

Source file is stored in the law ingest library (html).