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C-37.3 - Act respecting the Communauté urbaine de Québec

Section 211
Disposition versions

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211. If a fiscal period of the Transit Commission ends with a deficit, even if it results in whole or in part from the interest on or the amortization of its loans, it shall be borne by all the municipalities mentioned in Schedule B.
The deficit shall be apportioned among such municipalities proportionately to their respective fiscal potentials.
For the purposes of the second paragraph, the words “fiscal potential” have the meaning given to them by the third paragraph of section 129.
1969, c. 83, s. 247; 1971, c. 88, s. 43; 1972, c. 71, s. 18; 1976, c. 55, s. 3; 1979, c. 72, s. 407.
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