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Part II .

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Municipal Hospitals Loan Regulations

made under

Section 6 of the

Municipal Hospitals Loan Act

R.S.N.S. 1989, c. 303

N.S. Reg. 29/1962 (effective March 14, 1962)

as amended by N.S. Reg. 30/1962 (effective May 14, 1962)

Table of Contents

Please note: this table of contents is provided for convenience of reference and does not form part of the regulations.

Click here to go to the text of the regulations .

Interpretation

Applications for loans

Terms of repayment

Security for loans

Loan advances

Application and repeal

Interpretation

1 In these regulations

(a) “Act” means the Municipal Hospitals Loan Act ;

(b) “Minister” means the Minister of Public Health.

Applications for loans

2 Every application for a loan under the Act shall be made in writing to the Minister.

3 Every application for a loan shall show

(

a) the name of the municipality;

(

b) the amount of the loan required;

(

c) the purposes for which the loan is required;

(

d) the total amount expended or to be expended by the municipality exclusive

of any grants received from Canada or the Province;

(

e) the amount borrowed or to be borrowed from other sources for the project

and the terms of repayment of any such loans;

(

f) that the Health Services and Insurance Commission has approved in

principle the plans for the establishment of the new or additional hospital or

for the alteration of an existing hospital;

(

g) subject to the provisions of the Act and these regulations, the proposed

terms of repayment of any loan granted under the Act; and

(

h) such further or other information as the Minister may require.

4 Except as provided in these regulations, no special form of application shall be required.

Terms of repayment

(1) Every loan made under the Act together with interest thereon shall be repayable in

equal or such other annual instalments of one thousand dollars or multiples thereof,

as directed by the Governor in Council over a period not exceeding twenty years,

provided that in no case shall less than fifty percent of the principal amount of any

loan be repaid within one-half of the total repayment period provided for any loan

made under the Act.

(2) The first payment on any loan shall be made within one year from the date of the

loan or the last advance thereof, where the loan is advanced in instalments,

provided that where a municipality has borrowed additional funds for the same

purposes as set forth in any application for a loan under the Act, then the Governor

in Council may specify a date not more than eleven years after the date of the loan

or the last advance thereof, as the case may be, on which such repayments are to

commence.

(2A) Notwithstanding any other provision of these regulations, where a municipality has

borrowed additional funds for the same purposes as set forth in an application for a

loan under the Act, if the first repayment on account of the loan made under the

Act is not later than one year and the final repayment is not later than twenty years

after the date of the loan or the last advance thereof, the Governor in Council may

authorize the municipality to repay the loan at a rate that will provide for

repayment of not less than fifty percent of the principal amount of the loan within

two-thirds of the total repayment period.

(3) The Governor in Council shall fix the rate of interest to be paid on each loan at the

time of the approval thereof, having regard to the prevailing rate of interest being

paid by the Province for funds borrowed for Provincial purposes and the cost of

administering the loan.

(4) Notwithstanding any other provision contained in these regulations, where a

municipality has borrowed additional funds for the same purposes as set forth in

any application for a loan under the Act, the total number of years for the

repayment of a loan made under the Act shall not be greater than the total number

of years required for the repayment of such other loan.

Security for loans

(1) A municipality receiving a loan under the Act shall issue and deliver to the

Province debentures equal to the principal amount of the loan.

(2) Debentures issued by a municipality shall

(

a) be issued in serial form in denominations of one thousand dollars, or

multiples thereof, in accordance with the provisions of

Chapter 296 of the

Revised Statutes of Nova Scotia, 1989, the Municipal Affairs Act ;

(

b) be redeemable in annual instalments in accordance with the terms of

repayment for the loan made under the Act; and

Minister.

Loan advances

(1) The Governor in Council may specify the manner in which any loan made under

the Act will be advanced to a municipality, provided that where the loan is to be

advanced in instalments, then no instalment shall be paid unless the municipality

satisfies the Minister that it has expended on the project an amount equal to the

advance exclusive of any work or services covered by any prior advance.

(2) Where the principal amount of the loan is advanced by instalments, the

municipality shall, at the date of each such advance, issue a sufficient number of

debentures to the Province to cover in total all advances including the last such

advance.

(3) Debentures issued for the purposes of this

Section shall form part of the issue

made by a municipality to secure the principal amount of any loan made under the

Act.

Application and repeal

8 All regulations heretofore made by the Governor in Council pursuant to the Act are

repealed.

9 These regulations shall apply to all loans heretofore or hereafter made pursuant to the

Act.

Legislative History

Reference Tables

Municipal Hospitals Loan Regulations

N.S. Reg. 29/1962

Municipal Hospitals Loan Act

Note: The information in these tables does not form part of the regulations and is compiled by the Office of the Registrar of Regulations for reference only.

Source Law

The current consolidation of the Municipal Hospitals Loan Regulations made under the Municipal Hospitals Loan Act includes all of the following regulations:

N.S.

Regulation

In force

date*

How in force

Royal Gazette

Part II Issue

29/1962

Mar 14, 1962

date made

unpublished 1

30/1962

May 14, 1962

date made

unpublished 1

The following regulations are not yet in force and are not included in the current consolidation:

N.S.

Regulation

In force

date*

How in force

Royal Gazette

Part II Issue

*See subsection 3(6) of the Regulations Act for rules about in force dates of regulations.

Amendments by Provision

ad. = added

am. = amended

fc. = fee change

ra. = reassigned

rep. = repealed

rs. = repealed and substituted

Provision affected

How affected

5(2A)................................................

ad. 30/1962

Note that changes to headings are not included in the above table.

Editorial Notes and Corrections

Note

Effective

date

Regulations in effect on April 1, 1977, and filed with the Registrar before March 31, 1978, are exempt from publication under subsection 24(2) of the Regulations Act .

The reference in s. 3(

f) to the Hospital Insurance Commission should be read as a reference to the Health Services and Insurance Commission in accordance with the Health Services and Insurance Act , S.N.S. 1973, c. 8, s. 30.

Apr 6, 1973

The reference in s. 2(

b) to the Minister of Public Health should be read as a reference to the Minister of Health in accordance with amendments made to the Public Service Act , R.S.N.S. 1967, c. 255, by S.N.S. 1977, c.2, s. 25.

May 19, 1977

The reference in s. 2(

b) to the Minister of Public Health should be read as a reference to the Minister of Health and Fitness in accordance with amendments made to the Public Service Act , R.S.N.S. 1967, c. 255, by S.N.S. 1988, c.2, s. 1(b) (amendments deemed in force by s. 34).

Dec 3, 1987

The reference in s. 2(

b) to the Minister of Public Health should be read as a reference to the Minister of Health in accordance with amendments made to the Public Service Act , R.S.N.S. 1989, c. 376, by S.N.S. 1992, c.14, s. 39(e).

Jun 30, 1992

The Municipal Affairs Act referred to in s. 6(2)(

b) is repealed by the Municipal Government Act , S.N.S. 1998, c. 18, s. 566. Forms of debentures are covered in

Section 94 of the Municipal Government Act .

Apr 1, 1999

The reference in s. 2(

b) to the Minister of Public Health should be read as a reference to the Minister of Health Promotion and Protection in accordance with O.I.C. 2006-116 under the Public Service Act , R.S.N.S. 1989, c. 376.

Feb 24, 2006

The reference in s. 2(

b) to the Minister of Public Health should be read as a reference to the Minister of Health and Wellness in accordance with O.I.C. 2011-15 under the Public Service Act , R.S.N.S. 1989, c. 376.

Jan 11, 2011

Repealed and Superseded

N.S.

Regulation

Title

In force

date

Repealed

date

25/1959

Municipal Hospitals Loan Regulations

Dec 7, 1959

Dec 15, 1960

25/1960

Municipal Hospitals Loan Regulations

Dec 15, 1960

Mar 14, 1962

Note: Only regulations that are specifically repealed and replaced appear in this table. It may not reflect the entire history of regulations on this subject matter.