35. The corporation is required to deposit in the deposit office contemplated in the Deposit Act (chapter D-5) an amount equal to the amount of money paid annually by the Government to municipal corporations to stand in lieu of(1) the municipal real estate taxes in respect of an immovable owned by the corporation;
(2) the business taxes in respect of a place of business in which the corporation carries on its activities in an immovable owned by the corporation;
(3) taxes other than real estate taxes, compensations and tariffs imposed by a municipality on the corporation as the owner of an immovable.
The sums shall be paid by the Minister of Finance to municipal corporations at the request of the person designated pursuant to paragraph 2 of section 262 of the Act respecting municipal taxation (chapter F-2.1) and in the manner indicated by the person.
The sums paid by the Minister of Finance stand in lieu of the sums paid by the Government pursuant to sections 254 and 257 of the Act respecting municipal taxation for the immovables and places of business owned by the corporation.
1983, c. 40, s. 35; 1984, c. 47, s. 202; 1991, c. 32, s. 259.