180. Not later than one year after the coming into force of the regulation of the Government made under section 219, the Community shall, by a by-law adopted by a 2/3 majority of the votes cast, establish a program to share the growth in the tax base of the municipalities listed in Schedule I, which may also include a shared tax base element without regard to the existence or non-existence of growth. The program must be in accordance with the rules determined in the regulation.
The program must, in particular, include rules to determine the amount that the Community must take out of the aggregate of the contributions required from the municipalities in relation to the sharing and pay into the fund established under section 181.
The program must also include rules to determine how the balance is to be used where the payment to be made under the second paragraph and any apportioning between the municipalities in relation to the sharing leaves unallocated a portion of the aggregate referred to in that paragraph.
2000, c. 34, s. 180; 2000, c. 56, s. 59; 2002, c. 37, s. 129.