C-47.1 - Municipal Powers Act

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111.3. The total of the financial participation and surety bonds provided by the regional county municipality in respect of a given enterprise referred to in section 111 may not exceed the amount required to set up a wind farm with a generating capacity of 50 megawatts or a hydro-electric power plant with a generating capacity of 50 megawatts provided by hydraulic power in the domain of the State.
2005, c. 50, s. 116; 2006, c. 31, s. 123.
111.3. The total amount of the contribution and the surety bond provided by the regional county municipality under sections 111 and 111.2 may not exceed the amount required to set up a wind farm with a generating capacity of 50 megawatts or a hydro-electric power station with a generating capacity of 50 megawatts provided by hydraulic power in the domain of the State, depending on the case.
Furthermore, the total amount of the contributions and the surety bonds provided by all the regional county municipalities and local municipalities for a partnership described in section 111 may not exceed half of the contribution made to the common stock of the partnership.
2005, c. 50, s. 116.