46.2. Notwithstanding any general law or special Act to the contrary, municipal corporations, school boards and the Conseil scolaire de l’île de Montréal may invest their sinking-funds by acquiring bonds issued by the Bureau.
The bonds are securities allowable as investments under article 981o of the Civil Code of Lower Canada, sections 243 to 274 of the Act respecting insurance (chapter A-32) and section 201 of the Act respecting trust companies and savings companies (chapter S-29.01).
1980, c. 29, s. 4; 1987, c. 95, s. 402; 1988, c. 84, s. 577.