9. The Minister of Municipal Affairs, Regions and Land Occupancy shall pay to the municipality 90% of the amount for which it has applied based on the rate applicable under section 10, for the fiscal period for which the compensation is payable.
The payment shall be made(1) where the amount of the demand is less than $3,000, not later than 31 May of the fiscal period or, where the demand is received after 2 March of that fiscal period, within 90 days following its receipt;
(2) where the amount of the demand is equal to or greater than $3,000, not later than 10 June of the fiscal period or, where the demand is received after 2 March of that fiscal period, within 100 days following its receipt.
For the purposes of the second paragraph, where, on the date of the receipt by the Minister of the demand for payment, the Minister has not received the municipality’s budget for the fiscal period for which the compensation is payable or the extract from the roll comprising any entry used in computing the compensation, the demand is deemed to have been received only on the date of the receipt of the budget or the date of the receipt of the extract, whichever date is later.
For the purposes of this Division, a budget is not deemed to have been received unless it complies with the Act governing the municipality in such matters.
O.C. 1086-92, s. 9; O.C. 1055-95, s. 4; O.C. 313-99, s. 2; O.C. 1170-2001, s. 8; O.C. 126-2010, s. 2.