C-37.3 - Act respecting the Communauté urbaine de Québec

Section 211 Disposition versions

1994-01-01

211. The operating deficit of the Société, including the part resulting from the payment of interest on its loans and from the amortization thereof, shall be apportioned among the municipalities situated within the territory of the Société according to their respective fiscal potentials within the meaning of section 261.7 of the Act respecting municipal taxation (chapter F-2.1).

1969, c. 83, s. 247; 1971, c. 88, s. 43; 1972, c. 71, s. 18; 1976, c. 55, s. 3; 1979, c. 72, s. 407; 1991, c. 32, s. 203; 1993, c. 67, s. 107.

1991-06-20

211. The operating deficit of the Transit Commission, including the part resulting from the payment of interest on its loans and from the amortization thereof, shall be apportioned among the municipalities situated within the territory of the Commission according to their respective fiscal potentials within the meaning of section 261.7 of the Act respecting municipal taxation (chapter F-2.1).

1969, c. 83, s. 247; 1971, c. 88, s. 43; 1972, c. 71, s. 18; 1976, c. 55, s. 3; 1979, c. 72, s. 407; 1991, c. 32, s. 203.

0001-01-01

211. If a fiscal period of the Transit Commission ends with a deficit, even if it results in whole or in part from the interest on or the amortization of its loans, it shall be borne by all the municipalities mentioned in Schedule B.

The deficit shall be apportioned among such municipalities proportionately to their respective fiscal potentials.

For the purposes of the second paragraph, the words “fiscal potential” have the meaning given to them by the third paragraph of section 129.

1969, c. 83, s. 247; 1971, c. 88, s. 43; 1972, c. 71, s. 18; 1976, c. 55, s. 3; 1979, c. 72, s. 407.