S-8, r. 5 - Regulation respecting the consideration to be paid by housing bureaus and other non-profit organizations for the use of the immovables of the Société d’habitation du Québec

Updated to 1 September 2012

This document has official status.

chapter S-8, r. 5

Regulation respecting the consideration to be paid by housing bureaus and other non-profit organizations for the use of the immovables of the Société d’habitation du Québec

Act respecting the Société d’habitation du Québec

(chapter S-8, s. 3.6).

O.C. 859-2001; O.C. 43-2012, s. 1.

1. The consideration to be paid by a housing bureau or a non-profit organization for the use of an immovable of the Société d’habitation du Québec is equal to the amount, in principal, interest, costs and incidentals, of any loan contracted to finance the acquisition, construction or renovation of that immovable.

An additional amount, equal to the difference between the amounts used to finance the capital expenditures of that immovable and the part of the loan referred to in the first paragraph that was used to finance the capital expenditures, is also payable by the housing bureau or non-profit organization. That amount is established by taking into account the amortization period of the loan related to those expenditures, plus interest.

O.C. 859-2001, s. 1; O.C. 43-2012, s. 2.

2. (Omitted).

O.C. 859-2001, s. 2.

REFERENCES

O.C. 859-2001, 2001 G.O. 2, 3887

S.Q. 2011, c. 16, ss. 229 and 244

O.C. 43-2012, 2012 G.O. 2, 445