29.18. Moneys deriving from the leasing, development or alienation of land in the public domain, or land acquired from the public domain, and moneys deriving from the management of land in the public domain or from a forest management contract entered into under Division II of Chapter IV of the Forest Act (chapter F-4.1) must be paid by the municipality either into a fund established by the municipality under section 466.1.1 or into a fund established under article 688.7 of the Municipal Code of Québec (chapter C-27.1) by the regional county municipality whose territory contains that of the municipality.
The Minister of Natural Resources may authorize the payment of such sums into any other such fund he determines.
A municipality may subtract from the sums to be paid into the fund the amount, if any, that represents the costs relating to the acquisition, administration or development of land in the public domain or acquired from the public domain.
1995, c. 20, s. 36; 1998, c. 31, s. 12.