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Farm Credit Canada Act

Version of section 11 from 2004-05-14 to 2020-03-24:

Marginal note:Capital payments

  •  (1) At the request of the Corporation, the Minister of Finance may, with the approval of the Governor in Council, pay to the Corporation, out of the Consolidated Revenue Fund, amounts not exceeding in the aggregate one billion, two hundred and fifty million dollars, or such greater aggregate amount as may be authorized from time to time under an appropriation Act.

  • Marginal note:Capital of the Corporation

    (2) The capital of the Corporation consists of the aggregate of the amounts paid to the Corporation pursuant to subsection (1) and the amount of the retained earnings of the Corporation, which latter amount may be positive or negative.

  • Marginal note:Reference to committee

    (3) Any provision of an appropriation Act authorizing an increase in the aggregate amount referred to in subsection (1) stands permanently referred to a committee of either or both Houses of Parliament established for the purpose of reviewing matters relating to agriculture.

  • 1993, c. 14, s. 11
  • 1997, c. 26, s. 93
  • 2003, c. 15, s. 42
  • 2004, c. 22, s. 28

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