Telefilm Canada Act

Marginal note:Advance Account for corporation

• 19 (1) There shall be established in the accounts of Canada a special account to be known as the Telefilm Canada Advance Account.

• Marginal note:Canadian Film Development Advance Account

  (2) All amounts required for the purposes of paragraphs 10(1)(a) and (b) and subsection 10(1.1) shall be paid

  • (a) out of the amount appropriated by section 18, or

  • (b) out of amounts credited to the Telefilm Canada Advance Account under subsection (3),

  and shall be charged to that Account.

• Marginal note:Amounts to be credited to Account

  (3) The Corporation shall pay to the Receiver General, to be deposited in the Consolidated Revenue Fund and credited to the Telefilm Canada Advance Account, all amounts received by the Corporation as or on account of

  • (a) proceeds from any production in which the Corporation has invested under paragraph 10(1)(a);

  • (b) the principal amount of or interest on any loan made by the Corporation under paragraph 10(1)(b); or

  • (c) fees charged by the Corporation in respect of loan guarantees provided under subsection 10(1.1).