Special Areas Act (R.S.C., 1985, c. S-14)

Act current to 2013-04-29

Marginal note:Agreements in respect of works or facilities

  • 6. (1) The Minister may, with the approval of the Governor in Council and subject to the regulations, enter into an agreement with any province providing for the payment by Canada to the province of a grant or loan in respect of a part of the capital cost of establishing, expanding or modernizing any work or facility for the economic expansion of a special area.

  • Marginal note:Restriction

    (2) No agreement shall be entered into pursuant to subsection (1) unless the Minister is satisfied that the establishment, expansion or modernization of the work or facility is essential to the successful implementation of a plan undertaken pursuant to section 4 or 5 and that assistance is required to enable the work or facility to be established, expanded or modernized.

  • R.S., c. R-4, s. 9.
Marginal note:Agreements in respect of commercial undertakings

  • 7. (1) Where the Minister is satisfied that the establishment, expansion or modernization of any commercial undertaking in a special area is essential to the successful implementation of a plan undertaken pursuant to section 4 or 5 and that special assistance is required to enable the undertaking to be established, expanded or modernized, the Minister may, with the approval of the Governor in Council and subject to the regulations, enter into an agreement with the person carrying on or proposing to carry on the commercial undertaking in the special area providing for

    • (a) the guarantee by Canada of payment of the principal or interest of any loan required to be obtained by that person to enable him to establish, expand or modernize the undertaking;

    • (b) the payment by Canada of a grant or loan in respect of a part of the capital cost of establishing, expanding or modernizing the undertaking; or

    • (c) the payment by Canada of a grant in respect of such part of the costs of bringing into commercial production and operating the new, expanded or modernized undertaking that are incurred within a period not exceeding three years from the date the new, expanded or modernized undertaking is first brought into operation as, in the opinion of the Minister, is attributable to factors associated with the location of the undertaking in the special area.

  • Marginal note:Limitation on special assistance

    (2) An agreement described in subsection (1) shall not provide for special assistance in any amount greater than the amount, as determined by the Minister, that is required to enable the person carrying on or proposing to carry on the commercial undertaking to which the agreement relates to establish, expand or modernize the undertaking in the special area.

  • Marginal note:Approval of Governor in Council not required

    (3) The approval of the Governor in Council is not required of an agreement described in subsection (1) where

    • (a) the amount of the special assistance provided under the agreement does not exceed such amount as is prescribed by regulation; or

    • (b) the special assistance provided under the agreement is for a commercial undertaking that comes within a class of commercial undertakings prescribed by regulation.

  • R.S., c. R-4, s. 10;
  • 1980-81-82-83, c. 167, s. 21.