443. The secretary-treasurer of a school board must enter, in a book or register specially and exclusively intended for that purpose, the school taxes of the regional board; the taxes shall not be used by the school board for any object whatever.
The school board shall remit to the regional board the amount of the taxes collected in any month not later than the fifteenth day of the following month.
A remittance not effected when due bears interest at the rate of six per cent per annum from the time it is due.
However, a regional board may, by a resolution adopted within thirty days before the end of the school year, order a higher rate of interest than the rate hereinabove provided; the rate so ordered applies to the following school year.
R. S. 1964, c. 235, s. 491; 1966-67, c. 61, s. 10; 1979, c. 72, s. 366; 1985, c. 8, s. 26.