F-2.1, r. 2 - Regulation respecting compensations in lieu of taxes

Section 10 Disposition versions

2022-01-01

10. (Replaced).

O.C. 1086-92, s. 10; O.C. 82-98, s. 1; O.C. 1170-2001, s. 9; O.C. 126-2010, s. 3; O.C. 1569-2021, s. 6.

2012-09-01

10. To calculate the amount of the payment provided for in section 9, the highest of the following rates is used:

(1)  the municipality’s projected aggregate taxation rate established for the fiscal year for which the compensation is payable;

(2)  the municipality’s weighted aggregate taxation rate established for that fiscal year.

Despite the foregoing, if that fiscal year is the first fiscal year to which the current roll applies, the multiplier used in the operations provided for in paragraphs 1 and 2 of section 5.2 is, in the first case, the projected aggregate taxation rate established for the last fiscal year to which the preceding roll applied and, in the second case, the projected aggregate taxation rate established, without taking into account the application of Division IV.3 of Chapter XVIII and section 261.5.10 of the Act, for the first fiscal year to which the current roll applies.

O.C. 1086-92, s. 10; O.C. 82-98, s. 1; O.C. 1170-2001, s. 9; O.C. 126-2010, s. 3.