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Newfoundland Regulation 2000


NEWFOUNDLAND REGULATION 34/00

NEWFOUNDLAND REGULATION 34/00

Private Training Institutions Regulations (Amendment)
under the
Private Training Institutions Act
(O.C. 2000-184)

(Filed June 2, 2000)

Under the authority of section 19 of the Private Training Institutions Act, the Lieutenant-Governor in Council makes the following regulations.

Dated at St. John’s, May 26, 2000.

John R. Cummings, Q.C.
Clerk of the Executive Council

REGULATION

Analysis


        1.   S.26.7 Added
Loans


CNR 1114/96
as amended

        1. The Private Training Institutions Regulations are amended by adding immediately after section 26.6 the following:

Loans

   26.7 (1) The minister may make loans to the corporation to be deposited in the Train Out Fund, subject to terms as the minister considers appropriate, including

             (a)  the terms of repayment of a loan; and

             (b)  the rate of interest to be paid by the corporation

             (2)  The amount of a loan made to the corporation shall be paid out of the Consolidated Revenue Fund.

             (3)  This section shall be considered to come into force on November 1, 1999 and a loan made by the minister to the corporation after that date shall be considered to be made under this section.