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S-30.01 - Act respecting public transit authorities

Section 124
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124. A transit authority may contract temporary loans.
However, in the case of loans intended to finance a capital expenditure project for which a transit authority receives a government grant, the interest rate and other conditions of the loans must be authorized by the Minister of Finance.
2001, c. 23, s. 124; 2003, c. 19, s. 250; 2005, c. 28, s. 133; 2022, c. 3, s. 59.
124. A transit authority may contract temporary loans.
2001, c. 23, s. 124; 2003, c. 19, s. 250; 2005, c. 28, s. 133.
124. A transit authority may contract temporary loans. A temporary loan contracted for the payment of all or part of the expenditures made under a loan whose term exceeds one year requires the approval of the Minister of Municipal Affairs, Sports and Recreation if the amount of the loan exceeds 90 % of the approved amount.
2001, c. 23, s. 124; 2003, c. 19, s. 250.
124. A transit authority may contract temporary loans. A temporary loan contracted for the payment of all or part of the expenditures made under a loan whose term exceeds one year requires the approval of the Minister of Municipal Affairs and Greater Montréal if the amount of the loan exceeds 90 % of the approved amount.
2001, c. 23, s. 124.
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