212. Within fifteen days following the adoption or automatic coming into force of the budget, the Transit Commission shall determine, by resolution immediately transmitted to the municipalities contemplated in Schedule B, the aliquot share of each of them, assigned to the anticipated deficit for the fiscal period for the purposes of which that budget was adopted.
The aliquot share must be paid in the year for which it has been determined, on and in the following dates and proportions: one-half before 1 April, one-quarter before 1 July and the last quarter before 1 October. The Commission shall determine the rate of interest payable on the amounts due.
Where, under section 149, the Commission municipale du Québec amends the budget of the Transit Commission and the amendments entail an increase or a decrease of the deficit anticipated by the Transit Commission, the latter must, within fifteen days following the decision of the Commission municipale du Québec, readjust by resolution the aliquot share of the municipalities, determined under the first paragraph. A copy of that resolution is transmitted without delay to the municipalities contemplated in Schedule B.
1969, c. 83, s. 248; 1972, c. 71, s. 19; 1976, c. 55, s. 4; 1979, c. 72, s. 408.