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D-8.0.1 - James Bay Region Development Act

Section 39.2
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39.2. (Repealed).
2001, c. 61, s. 9; 2013, c. 19, s. 61.
39.2. The council of the municipality may, by by-law, establish a fund for the purpose of achieving a fiscal and financial balance between the municipality and the cities of Chapais, Chibougamau, Lebel-sur-Quévillon and Matagami and the localities situated in the territory of the municipality.
The council shall determine the mode of financing of the fund, the terms and conditions under which the fund is to be managed and the sums paid into the fund.
The surpluses accumulated by the municipality at the time the fund is established form part of the fund.
2001, c. 61, s. 9.
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