Bill C-75
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42-43-44 ELIZABETH II |
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CHAPTER 13 |
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An Act to amend the Farm Improvement and
Marketing Cooperatives Loans Act
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[Assented to 15th June, 1995]
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| R.S., c. 25
(3rd Supp.);
1991, c. 47;
1992, c. 1;
1994, c. 38
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1. Section 7 of the Farm Improvement and
Marketing Cooperatives Loans Act is re
placed by the following:
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| Aggregate
limit
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7. The Minister is not liable under this Act
to make any payment to a lender in respect of
loss sustained by it as a result of a loan made
by it during a fiscal year after the aggregate
principal amount of the loans under this Act
and of the guaranteed farm improvement
loans under the Farm Improvement Loans Act
made during that fiscal year and the four
preceding fiscal years by all lenders exceeds
three billion dollars.
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