142. The holders of leases or occupation permits granted by the Government before 11 November 1975, on lands classified under this Act as Category I lands, may continue to exercise their rights for the same purposes, as if such lands were Category III lands.
The exercise of such rights continues until the expiration of the term fixed in such leases or permits, unless such rights are renewed by the Government.
Prior to the renewal of such leases or permits, the Government shall take into consideration the zoning plan of the local municipality in whose territory such lands are located. The municipality shall take into consideration such leases and permits when establishing a zoning plan.
The Government shall remit to the interested Inuit landholding corporation all rents or fees collected after 31 October 1977 for such leases or permits.
1978, c. 93, s. 142; 1996, c. 2, s. 877.