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Bill C-31

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42-43 ELIZABETH II

CHAPTER 25

An Act to amend the Canadian Film Development Corporation Act

[Assented to 23rd June, 1994]

R.S., c. C-16

      Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. Section 10 of the Canadian Film Development Corporation Act is amended by adding the following after subsection (1):

Loan guarantees

(1.1) The Corporation may, in accordance with terms and conditions approved by the Treasury Board and the Minister of Finance, guarantee loans for the production and distribution of films.

2. (1) The portion of subsection 19(2) of the Act before paragraph (a) is replaced by the following:

Canadian Film Development Advance Account

(2) All amounts required for the purposes of paragraphs 10(1)(a) and (b) and subsection 10(1.1) shall be paid

(2) Subsection 19(3) of the Act is amended by striking out the word ``or'' at the end of paragraph (a), by adding the word ``or'' at the end of paragraph (b) and by adding the following after paragraph (b):

    (c) fees charged by the Corporation in respect of loan guarantees provided under subsection 10(1.1).