F-2.1 - Act respecting municipal taxation

Section 498 Disposition versions

1979-12-21

498. Notwithstanding section 497, only the following amounts of school taxes can be collected or recovered by or for a school board for its fiscal period 1979-1980:

(1)  that part of the taxes that is imposed to defray the cost of expenditures exceeding the net expense, for the whole of that fiscal period, and

(2)  that part of the school taxes other than that referred to in paragraph 1, for the period beginning on 1 July 1979 and ending on 31 December 1979.

For the purposes of the first paragraph, “net expense” is the total of operating expenses allowable for purposes of grants under the budgetary rules of the Minister of Education for 1979-1980, without regard to the debt service of the capitalization fund.

1979, c. 72, s. 498.