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F-4.01 - Act to establish the special local activities financing fund
Section 15
Disposition versions
15. Notwithstanding any provision of an Act or statutory instrument but subject to the Act respecting subsidies for the payment in capital and interest of loans of public or municipal bodies (chapter S-37.01), the Government may, without further formality, fix or revise the amount or date of payment of any sum paid by the Government or of any sum paid by a minister or by a body that is a mandatary of the State to a local municipality to set off all or part of an instalment not paid by the municipality pursuant to this Act.
The sum corresponding to the amount of the set-off shall be paid into the fund.
15. Notwithstanding any provision of an Act or statutory instrument but subject to the Act respecting subsidies for the payment in capital and interest of loans of public or municipal bodies (chapter S‐37.01), the Government may, without further formality, fix or revise the amount or date of payment of any sum paid by the Government or of any sum paid by a minister or by a body that is a mandatary of the Government to a local municipality to set off all or part of an instalment not paid by the municipality pursuant to this Act.
The sum corresponding to the amount of the set-off shall be paid into the fund.
