This consolidation is unofficial and is for reference only. For the official version of the regulations, consult the original documents on file with the Office of the Registrar of Regulations, or refer to the Royal Gazette Part II. Regulations are amended frequently. Please check the list of Regulations by Act to see if there are any recent amendments to these regulations filed with our office that are not yet included in this consolidation. Although every effort has been made to ensure the accuracy of this electronic version, the Office of the Registrar of Regulations assumes no responsibility for any discrepancies that may have resulted from reformatting. This electronic version is copyright © 2024, Province of Nova Scotia, all rights reserved. It is for your personal use and may not be copied for the purposes of resale in this or any other form.
Municipal Hospitals Loan Regulations
made under Section 6 of the
Municipal Hospitals Loan Act
R.S.N.S. 1989, c. 303
N.S. Reg. 29/1962 (effective March 14, 1962)
as amended by N.S. Reg. 30/1962 (effective May 14, 1962)
Table of Contents
Please note: this table of contents is provided for convenience of reference and does not form part of the regulations.
Click here to go to the text of the regulations.
1 In these regulations
(a) “Act” means the Municipal Hospitals Loan Act;
(b) “Minister” means the Minister of Public Health.
2 Every application for a loan under the Act shall be made in writing to the Minister.
3 Every application for a loan shall show
(a) the name of the municipality;
(b) the amount of the loan required;
(c) the purposes for which the loan is required;
(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
(h) such further or other information as the Minister may require.
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.
(2) Debentures issued by a municipality shall
(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
(c) contain such further terms and conditions as may be required by the Minister.
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.
Legislative History
Reference Tables
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.
Source Law
The current consolidation of the Municipal Hospitals Loan Regulations made under the Municipal Hospitals Loan Act includes all of the following regulations:
N.S.
RegulationIn force
date*How in force
Royal Gazette
Part II Issue29/1962
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.
RegulationIn 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. = amendedfc. = fee change
ra. = reassignedrep. = repealed
rs. = repealed and substitutedProvision affected
How affected
5(2A)................................................
ad. 30/1962
Note that changes to headings are not included in the above table.
Editorial Notes and Corrections
Note
Effective
date1
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
Repealed and Superseded
N.S.
RegulationTitle
In force
dateRepealed
date25/1959
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.
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