Statutes of Newfoundland and Labrador 2008 Chapter 46

AN ACT TO AMEND THE STUDENT FINANCIAL ASSISTANCE ACT NO. 2

(Assented to December 18, 2008)

Analysis

Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:

SNL2002 cS-29.01
as amended

1. Section 2 of the Student Financial Assistance Act is amended by adding immediately after paragraph (i) the following:

(i.1) "reserve force" means reserve force as defined in the National Defence Act (Canada);

2. Subsection 16(1) of the Act is amended by adding immediately after paragraph (e.2) the following:

(e.3) respecting the circumstances in which no interest is payable by members of the reserve force in respect of their student loans;

(e.4) respecting the circumstances in which no fees may be charged to members of the reserve force on their student loans;

(e.5) respecting the circumstances in which no amount on account of principal or interest is required to be paid by members of the reserve force in respect of their student loans;