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I-13.3 - Education Act
Section 538
Disposition versions
538. (Repealed).
538. Any bonded debt of an existing school board becomes the bonded debt of the new school board in accordance with the allocation under section 521.
The bonded debt of the Commission des écoles catholiques de Montréal and that of the Protestant School Board of Greater Montréal become the bonded debt of the Conseil scolaire de l’Île de Montréal.
The school tax levied by the existing school boards to discharge the bonded debt contracted before 1 July 1980 becomes, in accordance with the rules referred to in the first paragraph, a special tax of the new school board. The special tax is levied in the whole territory of the new school board according to the initial conditions and, notwithstanding sections 308 and 440, is not subject to the approval of the electors.
538. Any bonded debt of an existing school board becomes the bonded debt of the new school board in accordance with the allocation under section 521.
The school tax levied by the existing school boards to discharge the bonded debt contracted before 1 July 1980 becomes, in accordance with the rules referred to in the first paragraph, a special tax of the new school board. The special tax is levied in the whole territory of the new school board according to the initial conditions and, notwithstanding sections 308 and 440, is not subject to the approval of the electors.
