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C-47.1, r. 1 - Regulation respecting the financial contribution of local municipalities to economic promotion and development
Section 2
Disposition versions
2. The amount of the sum that the local municipality whose territory is not included in that of a regional county municipality shall pay for the fiscal year in question is equivalent to the amount of the sum that it paid for the 1996 fiscal year to one or more non-profit organizations having economic promotion and development as their object and that act in its territory.
If no such amount was paid by the local municipality for the 1996 fiscal year, the amount of the sum it shall pay for the fiscal year in question is the result obtained by multiplying by 0.0001 its standardized real estate value, within the meaning of section 261.1 of the Act respecting municipal taxation (chapter F-2.1), established according to the data available at the time of the adoption of its budget for the fiscal year in question.
