33. The Société may, when duly authorized by the Government, enter into an agreement with a municipality, or jointly with a municipality and a municipal housing bureau, for a period not exceeding 50 years, and providing for the payment of grants by the Société not exceeding 75% of the annual operating deficit incurred up to 31 December 1972 and not exceeding 90% of the annual operating deficit incurred upon and after 1 January 1973.
R.R.Q., 1981, c. S-8, r. 3, s. 33.