Section 1 BEFORE amended by 2012-9-2, effective May 14, 2012 (Royal Assent).
Definition
1 In this Act, "farm income plan" means a program, arrangement, proposal, plan, scheme or similar measure, however described, that provides in any way for the payment of money to, or the guarantee or assurance of income for, farmers or classes of farmers in British Columbia designated by the Lieutenant Governor in Council.
Section 2 (a) and (f) BEFORE amended by 2003-54-27,Sch A, effective April 1, 2004 (BC Reg 11/2004).
(a) authorize the Minister of Finance and Corporate Relations to establish a fund and prescribe rules and procedures governing terms and conditions on which money may be paid out of the fund;
(f) direct the Minister of Finance and Corporate Relations to guarantee, in the form prescribed, on the terms authorized in the direction, the repayment of money advanced under or for a farm income plan;
Section 5 BEFORE re-enacted by 2012-9-3, effective May 14, 2012 (Royal Assent).
Agreements
5 The Lieutenant Governor in Council may authorize the minister, on behalf of the government, to enter into any agreement within the terms of the authorization that the minister considers would provide for the joint participation by British Columbia, Canada or another province in a farm income plan.