231.4. The Community may invest the monies belonging to it by purchasing shares in a mutual fund provided for in the third paragraph of section 99 of the Cities and Towns Act (chapter C-19).
The Minister of Municipal Affairs and Greater Montréal may, by regulation, determine other securities in which the Community may invest the monies belonging to it through a mutual fund referred to in the first paragraph.
1996, c. 77, s. 41; 1999, c. 43, s. 13.