Ministère de l'Emploi et de la Solidarité sociale
Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

C-19 - Cities and Towns Act

Section 569.5
Disposition versions

Full text
569.5. A by-law establishing a financial reserve may not provide for a projected amount that, if added to the projected amounts of reserves already established by by-law and still in existence, results in an amount exceeding the higher of
(1)  an amount corresponding to 50% of the other appropriations provided for in the budget of the fiscal year in which the by-law is adopted; and
(2)  an amount corresponding to 30% of the total undepreciated cost of fixed assets.
Where a working fund is constituted under section 569, the maximum amount provided for in the first paragraph is reduced by the amount of the working fund.
As regards a reserve referred to in the third paragraph of section 569.3, the amount of such a reserve shall not enter into the calculation of the maximum amount provided for in the first paragraph.
1997, c. 93, s. 65; 2001, c. 68, s. 22; 2024, c. 24, s. 43.
569.5. A by-law establishing a financial reserve may not provide for a projected amount that, if added to the projected amounts of reserves already established by by-law and still in existence, results in an amount exceeding the higher of
(1)  an amount corresponding to 30% of the other appropriations provided for in the budget of the fiscal year in which the by-law is adopted; and
(2)  an amount corresponding to 15% of the total undepreciated cost of fixed assets.
Where a working fund is constituted under section 569, the maximum amount provided for in the first paragraph is reduced by the amount of the working fund.
As regards a reserve referred to in the third paragraph of section 569.3, the amount of such a reserve shall not enter into the calculation of the maximum amount provided for in the first paragraph.
1997, c. 93, s. 65; 2001, c. 68, s. 22.
569.5. A by-law establishing a financial reserve may not provide for a projected amount that, if added to the projected amounts of reserves already established by by-law and still in existence, results in an amount exceeding 15 % of the other appropriations provided for in the budget of the fiscal year during which the by-law establishing the reserve is adopted.
1997, c. 93, s. 65.
© Gouvernement du Québec