F-2.1, r. 2 - Regulation respecting compensations in lieu of taxes

Section 14 Disposition versions

2012-09-01

14. The competent person under section 6 shall pay to the municipality the amount for which it has applied.

The payment shall be made

(1)  where the amount of the demand is less than $3,000, not later than 31 May of the fiscal period for which the compensation is payable or, where the demand is received after 2 March of that fiscal period, within 90 days following its receipt;

(2)  where the amount of the demand is equal to or greater than $3,000, not later than 10 June of the fiscal period for which the compensation is payable or, where the demand is received after 2 March of that fiscal period, within 100 days following its receipt.

For the purposes of the second paragraph, where, on the date of the receipt by the competent person of the demand for payment, the Minister has not received the municipality’s budget for the fiscal period for which the compensation is payable or the extract from the roll comprising any entry used in computing the compensation, the demand is deemed to have been received only on the date of the receipt of the budget or the date of the receipt of the extract, whichever date is later.

O.C. 1086-92, s. 14; O.C. 313-99, s. 5.