15.1. The Minister shall each year, after consultation with the school boards, the corporations of trustees, the regional boards and the confessional school boards, make and submit to the approval of the Conseil du trésor budgetary rules to determine the amount of expenses allowable for grants to be paid to school boards, to corporations of trustees, to regional boards, to confessional school boards and to the Conseil scolaire de l’Île de Montréal. These budgetary rules shall be made in such a manner as to provide for an equitable, non-discriminatory distribution of grants.
The Minister must, in the budgetary rules contemplated in the first paragraph, provide for the payment of equalization grants to school boards, corporations of trustees, regional boards, confessional school boards or the Conseil scolaire de l’Île de Montréal. These equalization grants shall be paid according to the difference between the standardized assessment of taxable property per student of a school board, of a corporation of trustees, of a regional board, of a confessional school board or of the Conseil scolaire de l’Île de Montréal, as the case may be, and that per student of the aggregate of the school boards, of the corporations of trustees, of the regional boards, of the confessional school boards or of the Conseil scolaire de l’île de Montréal, as the case may be, taking into account the size of the revenue from real estate taxes collected within the limits fixed by section 354.1, 558.1 or 567.12.
1979, c. 72, s. 339; 1985, c. 8, s. 2.