S-30.1 - Act respecting municipal and intermunicipal transit authorities

Section 94 Disposition versions

1999-10-27

94. The transit authority may, with the approval of the Minister of Municipal Affairs and Greater Montréal, order, by by-law, a loan by notes, bonds or other securities and contract it on the conditions approved by him. In no case may the term of such a loan exceed fifty years.

Every loan must be approved, by by-law, by the councils of two-thirds of the municipalities whose territory is subject to the jurisdiction of the transit authority.

The transit authority must send to the Minister of Municipal Affairs and Greater Montréal and to the Commission municipale du Québec a copy of the by-law contemplated in the preceding paragraph.

1977, c. 64, s. 94; 1984, c. 38, s. 141; 1989, c. 19, s. 1; 1999, c. 40, s. 91; 1999, c. 43, s. 13.

1999-10-22

94. The transit authority may, with the approval of the Minister of Municipal Affairs, order, by by-law, a loan by notes, bonds or other securities and contract it on the conditions approved by him. In no case may the term of such a loan exceed fifty years.

Every loan must be approved, by by-law, by the councils of two-thirds of the municipalities whose territory is subject to the jurisdiction of the transit authority.

The transit authority must send to the Minister of Municipal Affairs and to the Commission municipale du Québec a copy of the by-law contemplated in the preceding paragraph.

1977, c. 64, s. 94; 1984, c. 38, s. 141; 1989, c. 19, s. 1; 1999, c. 40, s. 91.

1989-06-19

94. The corporation may, with the approval of the Minister of Municipal Affairs, order, by by-law, a loan by notes, bonds or other securities and contract it on the conditions approved by him. In no case may the term of such a loan exceed fifty years.

Every loan must be approved, by by-law, by the councils of two-thirds of the municipalities whose territory is subject to the jurisdiction of the corporation.

The corporation must send to the Minister of Municipal Affairs and to the Commission municipale du Québec a copy of the by-law contemplated in the preceding paragraph.

1977, c. 64, s. 94; 1984, c. 38, s. 141; 1989, c. 19, s. 1.

1985-01-01

94. The corporation may, with the approval of the Minister of Municipal Affairs, order, by by-law, a loan by notes, bonds or other securities and contract it on the conditions approved by him. In no case may the term of such a loan exceed fifty years.

Every loan relating to an expenditure not provided for in the budget or supplementary budget of the corporation must be adopted by by-law by the council of each municipality whose territory is subject to its jurisdiction. The third, fourth, fifth, sixth, seventh and eighth paragraphs of section 89 apply, mutatis mutandis, to such loan.

The corporation must send to the Minister of Municipal Affairs and to the Commission municipale du Québec a copy of the by-law contemplated in the preceding paragraph.

1977, c. 64, s. 94; 1984, c. 38, s. 141.

1977-12-31

94. With the authorization of the Commission municipale du Québec and the Minister of Municipal Affairs, the corporation may contract loans by notes, bonds or other securities, at such rate of interest and on such other conditions as are approved. The term of such loans shall in no case exceed fifty years.

Every loan relating to an expenditure not provided for in the budget or supplementary budget of the corporation must be adopted by by-law by the council of each municipality whose territory is subject to its jurisdiction. The third, fourth, fifth, sixth, seventh and eighth paragraphs of section 89 apply, mutatismutandis, to such loan.

The corporation must send to the Minister of Municipal Affairs and to the Commission municipale du Québec a copy of the by-law contemplated in the preceding paragraph.

1977, c. 64, s. 94.