C-47.1, r. 1 - Regulation respecting the financial contribution of local municipalities to economic promotion and development

Section 3 Disposition versions

2012-09-01

3. The amount of the sum that a local municipality whose territory is included in that of a regional county municipality shall pay for the fiscal year in question shall be equivalent to the amount of the sum 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 the territory of the regional county municipality on whose council the mayor sat in 1996, directly or through is aliquot share in the expenditure incurred for that purpose by the regional county municipality.

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 that obtained by multiplying its standardized real estate value, established for the purposes of the apportionment of the expenditures of the regional county municipality for the fiscal year in question, by the rate equivalent to the quotient obtained by dividing the amount provided for in subparagraph 1 by that provided for in subparagraph 2:

(1)  the amount of the sum that the regional county municipality on whose council the mayor sits and the local municipalities whose territories were included in 1996 in that of the regional county municipality 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 their territories;

(2)  the total amount of the standardized real estate values, established for the purposes of the apportionment of the expenditures of the regional county municipality for the 1996 fiscal year, of the local municipalities that made a contribution either toward the payment of the sum referred to in subparagraph 1 or toward the payment of the expenditure that such payment constitutes.

If, for the 1996 fiscal year, no sum was paid to an organization referred to in subparagraph 1 of the second paragraph by the regional county municipality and local municipalities referred to in that subparagraph, the amount of the sum the local municipality shall pay for the fiscal year in question is the result obtained by multiplying by 0.0001 its standardized real estate value, established for the purposes of the apportionment of the expenditures of the regional county municipality for the fiscal year in question.

O.C. 1483-97, s. 3.