Canada Mortgage and Housing Corporation Act

Marginal note:Capital of Corporation

• 16 (1) The capital of the Corporation consists of the amount obtained by adding twenty-five million dollars and the aggregate of any amounts paid under subsection (2).

• Marginal note:Authority to make capital payments

  (2) At the request of the Corporation, the Minister of Finance may, with the approval of the Governor in Council, pay to the Corporation, out of the Consolidated Revenue Fund, amounts not exceeding the aggregate of

  • (a) ten billion dollars, and

  • (b) any additional amounts that may be authorized from time to time under an appropriation Act.