Municipal Hospitals Loan Regulations - Municipal Hospitals Loan Act (Nova Scotia)

2 Every application for a loan under the Act shall be made in writing to the Minister.

(d) the total amount expended or to be expended by the municipality exclusive of any grants received from Canada or the Province;

(e) the amount borrowed or to be borrowed from other sources for the project and the terms of repayment of any such loans;

(f) that the Health Services and Insurance Commission has approved in principle the plans for the establishment of the new or additional hospital or for the alteration of an existing hospital;

(g) subject to the provisions of the Act and these regulations, the proposed terms of repayment of any loan granted under the Act; and

4 Except as provided in these regulations, no special form of application shall be required.

5 (1) Every loan made under the Act together with interest thereon shall be repayable in equal or such other annual instalments of one thousand dollars or multiples thereof, as directed by the Governor in Council over a period not exceeding twenty years, provided that in no case shall less than fifty percent of the principal amount of any loan be repaid within one-half of the total repayment period provided for any loan made under the Act.

(2) The first payment on any loan shall be made within one year from the date of the loan or the last advance thereof, where the loan is advanced in instalments, provided that where a municipality has borrowed additional funds for the same purposes as set forth in any application for a loan under the Act, then the Governor in Council may specify a date not more than eleven years after the date of the loan or the last advance thereof, as the case may be, on which such repayments are to commence.

(2A) Notwithstanding any other provision of these regulations, where a municipality has borrowed additional funds for the same purposes as set forth in an application for a loan under the Act, if the first repayment on account of the loan made under the Act is not later than one year and the final repayment is not later than twenty years after the date of the loan or the last advance thereof, the Governor in Council may authorize the municipality to repay the loan at a rate that will provide for repayment of not less than fifty percent of the principal amount of the loan within two-thirds of the total repayment period.

(3) The Governor in Council shall fix the rate of interest to be paid on each loan at the time of the approval thereof, having regard to the prevailing rate of interest being paid by the Province for funds borrowed for Provincial purposes and the cost of administering the loan.

(4) Notwithstanding any other provision contained in these regulations, where a municipality has borrowed additional funds for the same purposes as set forth in any application for a loan under the Act, the total number of years for the repayment of a loan made under the Act shall not be greater than the total number of years required for the repayment of such other loan.

6 (1) A municipality receiving a loan under the Act shall issue and deliver to the Province debentures equal to the principal amount of the loan.

(a) be issued in serial form in denominations of one thousand dollars, or multiples thereof, in accordance with the provisions of Chapter 296 of the Revised Statutes of Nova Scotia, 1989, the Municipal Affairs Act;

(b) be redeemable in annual instalments in accordance with the terms of repayment for the loan made under the Act; and

7 (1) The Governor in Council may specify the manner in which any loan made under the Act will be advanced to a municipality, provided that where the loan is to be advanced in instalments, then no instalment shall be paid unless the municipality satisfies the Minister that it has expended on the project an amount equal to the advance exclusive of any work or services covered by any prior advance.

(2) Where the principal amount of the loan is advanced by instalments, the municipality shall, at the date of each such advance, issue a sufficient number of debentures to the Province to cover in total all advances including the last such advance.

(3) Debentures issued for the purposes of this Section shall form part of the issue made by a municipality to secure the principal amount of any loan made under the Act.

8 All regulations heretofore made by the Governor in Council pursuant to the Act are repealed.

9 These regulations shall apply to all loans heretofore or hereafter made pursuant to the Act.

The current consolidation of the Municipal Hospitals Loan Regulations made under the Municipal Hospitals Loan Act includes all of the following regulations:

N.S. Regulation	In force date*	How in force	Royal Gazette Part II Issue
29/1962	Mar 14, 1962	date made	unpublished¹
30/1962	May 14, 1962	date made	unpublished¹

The following regulations are not yet in force and are not included in the current consolidation:

N.S. Regulation	In force date*	How in force	Royal Gazette Part II Issue

*See subsection 3(6) of the Regulations Act for rules about in force dates of regulations.

ad. = added am. = amended	fc. = fee change ra. = reassigned		rep. = repealed rs. = repealed and substituted
Provision affected		How affected
5(2A)................................................		ad. 30/1962

	Note	Effective date
1	Regulations in effect on April 1, 1977, and filed with the Registrar before March 31, 1978, are exempt from publication under subsection 24(2) of the Regulations Act.
2	The reference in s. 3(f) to the Hospital Insurance Commission should be read as a reference to the Health Services and Insurance Commission in accordance with the Health Services and Insurance Act, S.N.S. 1973, c. 8, s. 30.	Apr 6, 1973
3	The reference in s. 2(b) to the Minister of Public Health should be read as a reference to the Minister of Health in accordance with amendments made to the Public Service Act, R.S.N.S. 1967, c. 255, by S.N.S. 1977, c.2, s. 25.	May 19, 1977
4	The reference in s. 2(b) to the Minister of Public Health should be read as a reference to the Minister of Health and Fitness in accordance with amendments made to the Public Service Act, R.S.N.S. 1967, c. 255, by S.N.S. 1988, c.2, s. 1(b) (amendments deemed in force by s. 34).	Dec 3, 1987
5	The reference in s. 2(b) to the Minister of Public Health should be read as a reference to the Minister of Health in accordance with amendments made to the Public Service Act, R.S.N.S. 1989, c. 376, by S.N.S. 1992, c.14, s. 39(e).	Jun 30, 1992
6	The Municipal Affairs Act referred to in s. 6(2)(b) is repealed by the Municipal Government Act, S.N.S. 1998, c. 18, s. 566. Forms of debentures are covered in Section 94 of the Municipal Government Act.	Apr 1, 1999
7	The reference in s. 2(b) to the Minister of Public Health should be read as a reference to the Minister of Health Promotion and Protection in accordance with O.I.C. 2006-116 under the Public Service Act, R.S.N.S. 1989, c. 376.	Feb 24, 2006
8	The reference in s. 2(b) to the Minister of Public Health should be read as a reference to the Minister of Health and Wellness in accordance with O.I.C. 2011-15 under the Public Service Act, R.S.N.S. 1989, c. 376.	Jan 11, 2011

N.S. Regulation	Title	In force date	Repealed date
25/1959	Municipal Hospitals Loan Regulations	Dec 7, 1959	Dec 15, 1960
25/1960	Municipal Hospitals Loan Regulations	Dec 15, 1960	Mar 14, 1962

Note: Only regulations that are specifically repealed and replaced appear in this table. It may not reflect the entire history of regulations on this subject matter.

Municipal Hospitals Loan Regulations	N.S. Reg. 29/1962
Municipal Hospitals Loan Act
Note: The information in these tables does not form part of the regulations and is compiled by the Office of the Registrar of Regulations for reference only.