I-15 - Municipal Aid Prohibition Act

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chapter I-15
Municipal Aid Prohibition Act
1. Notwithstanding any contrary or incompatible provision in any general or special Act, no municipality shall, directly or indirectly, assist any industrial or commercial establishment, otherwise than in the manner provided in the Act respecting municipal industrial immovables (chapter I-0.1), or, without in any way limiting the generality of the foregoing words, grant assistance, more particularly in any of the following ways, to wit:
(1)  by taking or subscribing for shares in any business corporation created for such object;
(2)  by giving or lending money or other security, or in giving the use or ownership of any immovable;
(3)  by guaranteeing, by endorsement or otherwise, any sum of money borrowed;
(4)  by granting any exemption from taxation to any industrial or commercial establishment.
R. S. 1964, c. 176, s. 1; 1996, c. 2, s. 730; 2006, c. 60, s. 99; 2009, c. 52, s. 714.
2. An action to quash a by-law or resolution, passed by any municipal council contrary to the prohibition contained in section 1, may be instituted against the municipality by a ratepayer, by any interested person or by the Minister of Municipal Affairs, Regions and Land Occupancy.
R. S. 1964, c. 176, s. 2; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2005, c. 28, s. 196; 2009, c. 26, s. 109.
3. (This section ceased to have effect on 17 April 1987).
1982, c. 21, s. 1; U. K., 1982, c. 11, Sch. B, Part I, s. 33.

In accordance with section 17 of the Act respecting the consolidation of the statutes (chapter R-3), chapter 176 of the Revised Statutes, 1964, in force on 31 December 1977, is repealed effective from the coming into force of chapter I-15 of the Revised Statutes.