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F-2.1 - Act respecting municipal taxation

Section 489
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489. (Repealed).
1979, c. 72, s. 489; 1984, c. 38, s. 156.
489. A municipal corporation or a municipality may, by by-law which requires only the approval of the Minister and the Commission, order a loan by note or by an issue of bonds to defray the cost of preparation or keeping up to date of the roll in conformity with a by-law passed under paragraph 1 of section 263, provided the term of the loan does not exceed five years. If the term exceeds five years, the loan is subject to the approvals provided for by the act governing the municipal corporation or the municipality.
It may, instead of contracting a loan, and with the same approvals, apportion the cost over its five ensuing fiscal periods.
1979, c. 72, s. 489.
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