24. Notwithstanding the first paragraph of section 556 of the Cities and Towns Act (chapter C-19) and the second paragraph of article 1061 of the Municipal Code of Québec (chapter C-27.1), a loan by-law the sole object of which is the payment of sums to employees who leave their employment under a retirement program requires only the approval of the Minister of Municipal Affairs, Sports and Recreation.
The first paragraph ceases to apply on 1 January 2001.
1997, c. 92, s. 24; 1999, c. 43, s. 13; 2003, c. 19, s. 250.