Government of Canada / Gouvernement du Canada
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Debt Reserve Funds Replenishment Regulations

Version of section 2 from 2006-10-05 to 2016-03-31:

Marginal note:Notice of proposed charge

  •  (1) At least 90 days in advance of imposing charges to replenish the debt reserve fund under paragraph 84(5)(a) or (b) of the Act, the Authority shall send a notice to the council of every borrowing member setting out the amount of the shortfall in the fund and the Authority’s intention to require borrowing members to replenish the fund.

  • Marginal note:Content of Notice

    (2) The notice shall identify each defaulting member and the amount of the shortfall attributable to it.

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