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C-37.2 - Act respecting the Communauté urbaine de Montréal

Section 278
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278. The interest on and amortization of all loans of the city of Montréal contemplated in section 277 and payable by the latter within a fiscal period of the Community must be certified by the director of finance of the City not later than 1 September of the year preceding such fiscal period. The expense provided for in the certificate is part of the budget of the Community for such fiscal period. It shall be apportioned by the treasurer of the Community within the time allowed by section 220 and is payable to the Community by the municipalities of the territory of the Commission, according to this section. The Community shall remit the amount of such expense to the city of Montréal in four instalments, the last of which may be lesser, on 1 March, 1 July, 1 September and 1 November of each year.
1969, c. 84, s. 307; 1971, c. 90, s. 32; 1974, c. 82, s. 36; 1979, c. 72, s. 424.
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