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National Housing Act

Version of section 15 from 2013-01-01 to 2024-05-01:


Marginal note:Maximum total

  •  (1) Despite anything in this Act other than subsection (2), the total of the outstanding guaranteed amounts of principal for all issues of securities in respect of which guarantees that have been given under section 14 are in force may not exceed the total amount provided for in section 11.

  • Marginal note:Maximum total — other Acts

    (2) The total of the outstanding guaranteed amounts of principal may not exceed the amount authorized by Parliament under an appropriation Act or other Act of Parliament.

  • R.S., 1985, c. N-11, s. 15
  • 1999, c. 27, s. 3
  • 2012, c. 19, s. 354

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