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I-13.3 - Education Act

Section 437
Disposition versions

Full text
437. (Repealed).
1988, c. 84, s. 437; 1990, c. 28, s. 12.
437. The municipality shall pay the amount of the school tax to the Council not later than 1 April each year; the remittance shall be made notwithstanding any Act governing the municipality and regardless of whether that tax has been collected.
Any amount paid after the specified time bears interest at a rate equal to the maximum rate established under section 50 of the Act respecting municipal debts and loans (chapter D-7) from the expiration of that time. If the maximum rate is changed after the expiration of that time but before the amount is paid, the new rate applies from passage of the order.
The municipality may borrow, without any approval, any sufficient amount to pay the amount referred to in the first paragraph when due; the proceeds of the school tax then due belong to it and it may use them to repay the loan.
1988, c. 84, s. 437.
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