E-16 - Real Estate Assessment Act

Section 114 Disposition versions

1977-12-31

114. Every municipality or municipal corporation may, by a by-law which shall require only the approval of the Minister and the Commission, order loans, by notes or by the issue of bonds, to defray the cost of making, keeping up to date, revising or correcting the roll, provided that the term of such loans does not exceed five years; instead of contracting a loan, it may, with the same approvals, apportion such costs over its five ensuing fiscal years.

Notwithstanding section 27 of the Act respecting the Commission municipale (chapter C-35), every agreement by which a municipality or a municipal corporation engages its credit for a period exceeding twelve months to defray the expenditures relating to the roll shall require the approval of the Minister and the Commission.

1972, c. 46, s. 30; 1975, c. 68, s. 39.