Assemblée Législative de la Nouvelle-Écosse

Les travaux de la Chambre ont repris le
21 septembre 2017

Projet de loi no 85

Agriculture and Rural Credit Act (amended)

An Act to Amend Chapter 7 of the Revised Statutes, 1989, the Agriculture and Rural Credit Act

Déposé par :
L'honorable John MacDonell
Minister of Agriculture

Première lecture
Débats en deuxième lecture
Adoption en deuxième lecture
Comité des modifications des lois
    Date(s) de réunion 17 novembre 2011
    Rapport à la Chambre
Comité plénier
Débats de la troisième lecture
Débats de la troisième lecture
Sanction royale
Prise d'effet 15 décembre 2011
2011 Statutes, Chapter 49

Note explicative (en anglais seulement)

Clause 1 adds a definition for “agri-rural business” and updates the name of the Department.

Clause 2

(a) removes the five-member maximum on the number of persons serving on the Board;

(b) replaces the reference to a “member” of the Board with a “director”;

(c) places a two consecutive-term limit on directors; and

(d) amends the requirement for a quorum from three members to two thirds of the serving directors.

Clause 3 clarifies that all officers, staff and employees report to the Minister.

Clause 4 adds duties and powers to the Board to enable it to

(a) make or guarantee loans relating to quota or farm dwellings;

(b) make loans to pay out or refinance third-party loans;

(c) acquire or improve agri-rural business property;

(d) acquire expropriated land to encourage agricultural development;

(e) deal with a greater variety of applications for agriculture-related purchases; and

(f) deal with loan applications or guarantees.

Clause 5 adds regulation-making power to require borrowers to obtain insurance.

Clause 6 provides that documents must be executed by designated and approved officers of the Board.

Clause 7 removes the deadline for annual reporting to assist the Board in coordinating the annual report with the preparation and production of other corporate reports thereby reducing duplication.