C-47.1 - Municipal Powers Act

Full text
13.1. A local municipality may acquire a financial interest in a development fund created in its territory within the framework of the FIER-Regions or the Support Funds component of the government program known as the Regional Economic Intervention Fund (FIER).
The interest mentioned in the first paragraph may, in particular, be in the form of a loan or an investment made by subscribing to shares of the capital stock or the common stock of a limited partnership formed to administer the fund.
2005, c. 50, s. 106.