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A-33.3 - Act respecting the Autorité régionale de transport métropolitain
Section 86
Disposition versions
86. If the Authority issues bonds, it must sell them by adjudication in accordance with section 554, except the fourth paragraph, of the Cities and Towns Act (chapter C-19) and sections 555 and 555.1 of that Act, unless the Minister of Finance authorizes it to sell them by agreement on the conditions the Minister of Finance considers appropriate.
If the Authority contracts a loan through an issue of notes, it may choose the lender using the adjudication procedure referred to in the first paragraph, with the necessary modifications.
The authorization of the Minister of Finance under the first paragraph of section 85 is not required when the Authority sells its bonds or chooses a lender by adjudication.
Not in force
86. If the Authority issues bonds, it must sell them by adjudication in accordance with section 554, except the fourth paragraph, of the Cities and Towns Act (chapter C-19) and sections 555 and 555.1 of that Act, unless the Minister of Finance authorizes it to sell them by agreement on the conditions the Minister of Finance considers appropriate.
If the Authority contracts a loan through an issue of notes, it may choose the lender using the adjudication procedure referred to in the first paragraph, with the necessary modifications.
The authorization of the Minister of Finance under the first paragraph of section 85 is not required when the Authority sells its bonds or chooses a lender by adjudication.
