70. The municipalities shall, for the financing of capital expenditures or the provision of the fixed assets fund, pay to the Agency an amount equal to one cent per $100 of standardized real estate value, within the meaning of section 261.1 of the Act respecting municipal taxation (chapter F-2.1) as established for the year of reference.
The Government may, by order, determine
(1) the year of reference;
(2) the date on which the provisional or definitive data serving to establish the standardized real estate value are to be considered;
(3) the adjustments that may result from the successive use of provisional and definitive data;
(4) the terms and conditions of payment of the share.
The amount referred to in the first paragraph may, however, be established according to any other criterion determined by the Government or according to such a criterion and the criterion set out in the first paragraph.
Notwithstanding the first paragraph, the municipalities whose territory was not situated within the area of jurisdiction of the Agency on 30 December 2001 shall pay, for the year 2002, only 1/3 of the amount payable under that paragraph for the year 2002 and 2/3 of that amount for the year 2003.
1995, c. 65, s. 70; 2001, c. 23, s. 225.