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C-27.1 - Municipal Code of Québec
Section 1094.0.7
Disposition versions
1094.0.7. The aliquot share payable by the municipalities must provide for the repayment of the loan and the payment of a compensatory amount that may be determined by resolution and must be equal to the interest that would be payable if the regional county municipality, at the date on which it authorizes the payment of the expenditure, contracted a loan on the capital market to finance that expenditure for an identical term. The Minister of Finance must inform the regional county municipality, at its request, of the interest rate in effect at the time of the request.
