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E-8.1 - Act respecting public elementary and secondary education

Section 420
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420. The Council, with the authorization of the Minister and on the conditions and modalities he determines, may borrow money by any legal mode for its purposes and, at the request of a school board on the Island of Montréal, the purposes of that school board.
The Council shall exercise alone the functions of the language-based school boards on the Island of Montréal respecting any loan with a repayment term of more than one year.
Sections 327 and 328 and the first paragraph of section 329, adapted as required, apply to the Council.
1984, c. 39, s. 420; 1985, c. 8, s. 32.
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