Powers
3 (1) For the purpose of carrying out its objects, AgriCorp has the capacity and powers of a natural person, except as limited by this Act.  1996, c. 17, Sched. A, s. 3 (1). Note: On a day to be named by proclamation of the Lieutenant Governor, subsection 3 (1) of the Act is amended by adding “and by section 11.0.1 of the Ministry of Infrastructure Act, 2011” at the end. (See: 2023, c. 5, Sched. 2, s. 3) Additional powers (2) AgriCorp may, (a)  establish and collect fees and service charges related to the exercise of its powers or the carrying out of its duties; (b)  establish and collect penalties for the late payment of the fees and service charges mentioned in clause (a); and (c)  on such conditions as it considers proper, lend money between the funds that it administers, if it administers more than one fund.  1996, c. 17, Sched. A, s. 3 (2). Borrowing, guarantees (3) Except with the approval of the Minister of Finance, AgriCorp may not borrow money or guarantee the repayment, in whole or in part, of a loan made by any person other than itself.  1996, c. 17, Sched. A, s. 3 (3). Investments (4) AgriCorp may not invest any part of its money in any investment other than, (a)  notes, bonds, debentures or other evidences of indebtedness issued or guaranteed as to principal and interest by, (i)  Canada, Ontario or another province of Canada, (ii)  a municipality in Canada, (iii)  an agency of the Government of Canada or a province of Canada, (iv)  a Canadian bank or financial institution that is supervised or examined by a governmental authority in the jurisdiction in which the bank or financial institution carries on business; (b)  deposit receipts, deposit notes, certificates of deposit, acceptances or other investment instruments issued, guaranteed or endorsed by a financial institution authorized to carry on business in Canada; or (c)  other securities, financial agreements, investments, evidences of indebtedness, commodity futures or foreign currency futures authorized by or belonging to a class authorized by the Minister of Finance.  1996, c. 17, Sched. A, s. 3 (4). Corporations, agreements (5) Except with the approval of the Minister of Agriculture, Food and Rural Affairs, a member of AgriCorp, either alone or together with other persons, may not, (a)  create corporations that have any of the objects of AgriCorp; or (b)  enter into agreements with the Government of Canada or any of its agencies for the encouragement of agriculture or food.  1996, c. 17, Sched. A, s. 3 (5). Agreements (6) AgriCorp may exercise any powers and perform any duties conferred on it under any agreement made between, (a)  the Government of Ontario or any of its agencies; and (b)  any one or more of the Government of Canada, any of its agencies, AgriCorp or any person.  1996, c. 17, Sched. A, s. 3 (6). Not regulations (7) The acts of AgriCorp in exercising its powers and performing its duties mentioned in subsection (6) shall be deemed to be acts of an administrative and not of a legislative nature.  1996, c. 17, Sched. A, s. 3 (7). Inquiry (8) AgriCorp may inquire into any matter relating to its objects and section 33 of the Public Inquiries Act, 2009 applies to that inquiry.  2009, c. 33, Sched. 6, s. 38. Disclosure of personal information (9) Despite section 41 of the Freedom of Information and Protection of Privacy Act, if AgriCorp collects personal information from an individual for the purpose of a plan that it administers, it may use the information for the purpose of any other plan relating to the individual that it administers.  1996, c. 17, Sched. A, s. 3 (9). Section Amendments with date in force (d/m/y) 2009, c. 33, Sched. 6, s. 38 - 1/06/2011 2023, c. 5, Sched. 2, s. 3 - not in force