564. Notwithstanding any law to the contrary, contributions or grants in lieu of school taxes must be paid to the Council. The amounts collected in this manner by a municipal corporation must be paid to the Council within fifteen days of receipt.
The school taxes referred to in sections 99 to 103 and 112 of the Real Estate Assessment Act must be paid to the Council in the manner provided in section 561.
Arrears of payments provided for in the two preceding paragraphs bear interest in the manner indicated in section 561.
For the purposes of section 104 of the Real Estate Assessment Act, the school board is replaced by the Council.
1972, c. 60, s. 4; 1976, c. 39, s. 8.