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OC 876/2008 - Advance of Long-term Funds from the General Revenue Fund to Saskatchewan Power Corporation
Description:

Title: Advance of Long-term Funds from the General Revenue Fund to Saskatchewan Power Corporation

Minister: Minister of Finance and Minister of Crown Corporations

Summary: Approve that the Minister of Finance advance to Saskatchewan Power Corporation, and that Saskatchewan Power Corporation borrow from the Minister of Finance for its purposes, an aggregate principal amount of One Hundred Million Dollars ($100,000,000) (the “Principal Amount”) by an advance of the Principal Amount in relation to the Debentures set out opposite the Principal Amount in the attached Schedule A, upon the terms and conditions set out in this Order.

See: The Financial Administration Act, 1993 (Section 39) and The Power Corporation Act (Subsection 40(1))





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