148. A loan by-law need not be submitted for approval to the qualified voters
(1) if repayment of the loan ordered therein is charged entirely to the owners of immovables in the whole territory of the city; or
(2) if the subject of the by-law is the execution of permanent work on park development, the development of banks and shores, water treatment, waterworks, sewers, bicycle paths, underground conduits, road surfacing, curbs, sidewalks, lighting and traffic signs and signals, and the acquisition by agreement or expropriation of immovables or servitudes required for the execution of that permanent work.
In addition, where repayment of the loan is, in accordance with section 487 of the Cities and Towns Act (chapter C‐19), charged partly to the owners of immovables in the whole territory of the city and partly to the owners of immovables in part of the territory,
(1) the by-law need not be submitted for approval to the qualified voters where the portion charged to the owners in part of the territory is less than 25%; and
(2) where that portion is 25% or more, the by-law must be submitted to the approval of the qualified voters in the part of the territory concerned.
Where subparagraph 2 of the second paragraph applies, sections 561.1 and 561.2 and the second paragraph of section 561.3 of the Cities and Towns Act apply, subject to the percentage of 75% provided for in the second paragraph of section 561.3 being read as 25%.
2000, c. 56, Sch. I, s. 148; 2001, c. 25, s. 284; 2002, c. 77, s. 15.