Bill C-91
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TABLE OF PROVISIONS |
AN ACT TO CONTINUE THE FEDERAL BUSINESS DEVELOPMENT BANK UNDER THE NAME BUSINESS DEVELOPMENT BANK OF CANADA |
SHORT TITLE |
| 1. Short title
|
INTERPRETATION |
| 2. Definitions
|
ESTABLISHMENT AND ORGANIZATION OF THE BANK |
Status of the Bank |
| 3. Continuation of Federal Business Development Bank
|
Purpose |
| 4. Purpose of Bank
|
Board of Directors |
| 5. Membership of Board
|
| 6. Appointment of Chairperson
|
| 7. Functions of Board
|
Officers and Employees |
| 8. Duties of Chairperson
|
| 9. Duties of President
|
| 10. Officers and employees
|
| 11. Delegation of powers and specification of duties
|
| 12. Confidentiality
|
Remuneration and Benefits |
| 13. Remuneration of directors
|
SPECIFIC POWERS OF THE BANK |
Financial Services |
| 14. Loans, investments and guarantees
|
| 15. Security
|
| 16. Acquisition of loans
|
Management Services |
| 17. Agreements
|
Treasury Activities |
| 18. Borrowing powers
|
| 19. Loans to the Bank from Consolidated Revenue Fund
|
Other Services and Programs |
| 20. Agreements
|
| 21. Entrepreneurship programs
|
Ancillary Powers |
| 22. Powers
|
CAPITAL OF THE BANK |
| 23. Authorized capital
|
| 24. Rights of common shares
|
| 25. Declaration and payment of dividends
|
| 26. Cancellation or restoration of shares
|
| 27. By-laws relating to shares
|
| 28. Hybrid capital instruments
|
| 29. Appropriations
|
DEBT-TO-EQUITY RATIO |
| 30. Limit on borrowings and guarantees
|
CONFLICT OF INTEREST |
| 31. Definitions
|
| 32. Restriction
|
| 33. Disclosure
|
MISCELLANEOUS PROVISIONS |
| 34. Financial year
|
| 35. Exemption from taxes
|
| 36. Ten-year review
|
| 37. Privileged information
|
| 38. Use of Bank's names or initials
|
| 39. Offence
|
| 40. Hybrid capital instrument
|
REPEAL |
| 41. Federal Business Development Bank Act
|
TRANSITIONAL PROVISIONS |
| 42. Continuation of Federal Business Development Bank
|
| 43. Capital vests in Bank
|
CONSEQUENTIAL AMENDMENTS |
| 44-46. Access to Information Act
|
| 47. Canada Evidence Act
|
| 48-49. Federal-Provincial Fiscal Arrangements and Federal
Post-Secondary Education and Health Contributions Act
|
| 50-51. Financial Administration Act
|
| 52-53. Municipal Grants Act
|
| 54-55. Privacy Act
|