N.R.C. Sales and Loans Regulations (SOR/81-403)

Regulations are current to 2013-04-29

N.R.C. Sales and Loans Regulations

SOR/81-403

FINANCIAL ADMINISTRATION ACT

Registration 1981-05-22

Regulations Respecting Sales and Loans by the National Research Council of Canada

P.C. 1981-1335 1981-05-21

His Excellency the Governor General in Council, on the recommendation of the Minister designated for the purpose of the National Research Council Act and the Treasury Board, pursuant to section 52 of the Financial Administration Act, is pleased hereby to make the annexed Regulations respecting sales and loans by the National Research Council of Canada.

SHORT TITLE

1. These Regulations may be cited as the N.R.C. Sales and Loans Regulations.

INTERPRETATION

2. In these Regulations,

“Council”

“Council” means the National Research Council of Canada;

“equipment”

“equipment” means scientific equipment that is owned by the Council and that has been specially manufactured by or for the Council or that is otherwise not readily available to the borrower; and

“non-surplus research material”

“non-surplus research material” means material that is part of the inventory or stores of the Council.

SALES

3. Subject to the conditions set out in Schedule I, the Council may sell non-surplus research material to persons that are engaged in doing research or development work, at the invitation of the Council, on property that is owned by the Council.

LOANS

4. Subject to the conditions set out in Schedule II, the Council may make gratuitous loans of equipment to Her Majesty in right of Canada or of a province, municipal corporations, hospitals, universities or other educational institutions or persons for the purpose of teaching, research or development.