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Wednesday, February 20, 2019
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OC 83/2013 - Municipal Financing Corporation of Saskatchewan – Advance of $200,000,000 (Minister of Finance)
Description:

Title: Municipal Financing Corporation of Saskatchewan – Advance of $200,000,000

Minister: Minister of Finance

Summary: Orders that the Municipal Financing Corporation of Saskatchewan is authorized to borrow from any chartered bank or credit union or from any person any temporary loans from time to time up to the consolidated aggregate principal amount of Two Hundred Million Dollars ($200,000,000), such borrowings to be by way of bank overdraft, line of credit, or in any other manner that the corporation may determine including advances from the Province of Saskatchewan.

See: The Municipal Financing Corporation Act, section 20(7)
The Financial Administration Act, 1993, section 39





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