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

Section 8 Disposition versions

2022-01-01

8. The Minister of Municipal Affairs, Regions and Land Occupancy must pay to the local municipality the amount to which the local municipality is entitled based on the percentage and the aggregate taxation rate applicable for the fiscal year for which the compensation is payable.

The payment must be made by 10 June of the year or within 60 days following receipt by the Minister of the local municipality’s financial report for the year, whichever is later.

For the purposes of the second paragraph, a financial report is deemed to have been received only if it complies with the Act governing the local municipality in that matter.

O.C. 1086-92, s. 8; O.C. 1569-2021, s. 6.

2012-09-01

8. This Subdivision applies, subject to Subdivision 3, to the payment of the compensation payable in respect of the immovables contemplated in the second, third and fourth paragraphs of section 255 of the Act.

O.C. 1086-92, s. 8.