35.2. The Minister may lease land for the installation of power transforming stations, wind measurement masts or meteorological instruments.
The rent is determined on the basis of the market rental value according to the generally recognized approaches to property assessment. The minimum rent is that fixed in section 7 of Schedule I.
Where the term of the lease is less than 5 years, the rent is reviewed on 1 April of each year in accordance with the variations in the average Consumer Price Index for the preceding year, based on the index compiled by Statistics Canada for the whole of Québec.
The rent is rounded off to the next highest dollar if the dollar fraction is $0.50 or more, or to the next lowest dollar if the dollar fraction is less than $0.50.
O.C. 705-2010, s. 25; O.C. 980-2015, s. 5; 1357-2024O.C. 1357-2024, s. 1411.