S-30.01 - Act respecting public transit authorities

Section 150 Disposition versions

2009-06-17

150. On the recommendation of the Minister, the Government may make regulations

(1)  exempting motorists residing in the territory of a municipality it indicates from payment to the Société de l’assurance automobile du Québec of the contribution to public transit established under section 88.2 of the Transport Act (chapter T‐12) where the Government is of the opinion that a transit authority does not, according to the criteria it establishes, benefit the residents of that territory;

(2)  limiting the borrowing power of a transit authority to the term and maximum amount it establishes, fixing conditions on which money may be borrowed and prescribing rules that vary depending on whether the borrowing is long-term or short-term;

(3)  establishing the conditions allowing a transit authority to constitute an establishment abroad for the purpose of financing its operations in Québec and registering its securities;

(4)  establishing the conditions allowing a transit authority to enter into contracts of a financial nature in relation, in particular, to currency exchange or interest rates;

(5)  establishing the conditions allowing for financing and refinancing on foreign markets, including by leasing, of property necessary for a transit authority to achieve its mission;

(6)  establishing the conditions to be met so that the securities issued by a transit authority are deemed to be authorized investments within the meaning of the Civil Code, and the direct and general obligations of a transit authority and of the city approving its budget;

(6.1)  notwithstanding the second paragraph of section 48, identifying the documents referred to in subparagraph 6 on which a facsimile of a signature has the same force as the signature of the chair of a transit authority and need not be countersigned by an authorized person; and

(7)  authorizing a transit authority to establish funds other than the fixed assets fund referred to in section 120 for such purposes as the Government determines and prescribing the conditions for doing so, including authorizations, and the management rules.

A regulation under subparagraphs 2 to 6 of the first paragraph may vary depending on the transit authorities concerned. For the purposes of subparagraphs 2 to 5 of that paragraph, a regulation may provide for authorizations and exceptions in relation to the conditions it establishes.

The making of a regulation described in the first paragraph requires the recommendation of the Minister of Finance in the case of a regulation under any of subparagraphs 3 to 5 of that paragraph, or the recommendation of the Minister of Municipal Affairs, Regions and Land Occupancy in any other case.

2001, c. 23, s. 150; 2001, c. 66, s. 40; 2003, c. 19, s. 250; 2005, c. 28, s. 196; 2005, c. 50, s. 87; 2009, c. 26, s. 109.

2006-01-01

150. On the recommendation of the Minister, the Government may make regulations

(1)  exempting motorists residing in the territory of a municipality it indicates from payment to the Société de l’assurance automobile du Québec of the contribution to public transit established under section 88.2 of the Transport Act (chapter T‐12) where the Government is of the opinion that a transit authority does not, according to the criteria it establishes, benefit the residents of that territory;

(2)  limiting the borrowing power of a transit authority to the term and maximum amount it establishes, fixing conditions on which money may be borrowed and prescribing rules that vary depending on whether the borrowing is long-term or short-term;

(3)  establishing the conditions allowing a transit authority to constitute an establishment abroad for the purpose of financing its operations in Québec and registering its securities;

(4)  establishing the conditions allowing a transit authority to enter into contracts of a financial nature in relation, in particular, to currency exchange or interest rates;

(5)  establishing the conditions allowing for financing and refinancing on foreign markets, including by leasing, of property necessary for a transit authority to achieve its mission;

(6)  establishing the conditions to be met so that the securities issued by a transit authority are deemed to be authorized investments within the meaning of the Civil Code, and the direct and general obligations of a transit authority and of the city approving its budget;

(6.1)  notwithstanding the second paragraph of section 48, identifying the documents referred to in subparagraph 6 on which a facsimile of a signature has the same force as the signature of the chair of a transit authority and need not be countersigned by an authorized person; and

(7)  authorizing a transit authority to establish funds other than the fixed assets fund referred to in section 120 for such purposes as the Government determines and prescribing the conditions for doing so, including authorizations, and the management rules.

A regulation under subparagraphs 2 to 6 of the first paragraph may vary depending on the transit authorities concerned. For the purposes of subparagraphs 2 to 5 of that paragraph, a regulation may provide for authorizations and exceptions in relation to the conditions it establishes.

The making of a regulation described in the first paragraph requires the recommendation of the Minister of Finance in the case of a regulation under any of subparagraphs 3 to 5 of that paragraph, or the recommendation of the Minister of Municipal Affairs and Regions in any other case.

2001, c. 23, s. 150; 2001, c. 66, s. 40; 2003, c. 19, s. 250; 2005, c. 28, s. 196; 2005, c. 50, s. 87.

2005-06-17

150. On the recommendation of the Minister and the Minister of Municipal Affairs and Regions, the Government may make regulations

(1)  exempting motorists residing in the territory of a municipality it indicates from payment to the Société de l’assurance automobile du Québec of the contribution to public transit established under section 88.2 of the Transport Act (chapter T‐12) where the Government is of the opinion that a transit authority does not, according to the criteria it establishes, benefit the residents of that territory;

(2)  limiting the borrowing power of a transit authority to the term and maximum amount it establishes, fixing conditions on which money may be borrowed and prescribing rules that vary depending on whether the borrowing is long-term or short-term;

(3)  establishing the conditions allowing a transit authority to constitute an establishment abroad for the purpose of financing its operations in Québec and registering its securities;

(4)  establishing the conditions allowing a transit authority to enter into contracts of a financial nature in relation, in particular, to currency exchange or interest rates;

(5)  establishing the conditions allowing for financing and refinancing on foreign markets, including by leasing, of property necessary for a transit authority to achieve its mission;

(6)  establishing the conditions to be met so that the securities issued by a transit authority are deemed to be authorized investments within the meaning of the Civil Code, and the direct and general obligations of a transit authority and of the city approving its budget;

(6.1)  notwithstanding the second paragraph of section 48, identifying the documents referred to in subparagraph 6 on which a facsimile of a signature has the same force as the signature of the chair of a transit authority and need not be countersigned by an authorized person; and

(7)  authorizing a transit authority to establish funds other than the fixed assets fund referred to in section 120 for such purposes as the Government determines and prescribing the conditions for doing so, including authorizations, and the management rules.

A regulation under subparagraphs 2 to 6 of the first paragraph may vary depending on the transit authorities concerned. For the purposes of subparagraphs 2 to 5 of that paragraph, a regulation may provide for authorizations and exceptions in relation to the conditions it establishes.

2001, c. 23, s. 150; 2001, c. 66, s. 40; 2003, c. 19, s. 250; 2005, c. 28, s. 196.

2003-12-18

150. On the recommendation of the Minister and the Minister of Municipal Affairs, Sports and Recreation, the Government may make regulations

(1)  exempting motorists residing in the territory of a municipality it indicates from payment to the Société de l’assurance automobile du Québec of the contribution to public transit established under section 88.2 of the Transport Act (chapter T-12) where the Government is of the opinion that a transit authority does not, according to the criteria it establishes, benefit the residents of that territory;

(2)  limiting the borrowing power of a transit authority to the term and maximum amount it establishes, fixing conditions on which money may be borrowed and prescribing rules that vary depending on whether the borrowing is long-term or short-term;

(3)  establishing the conditions allowing a transit authority to constitute an establishment abroad for the purpose of financing its operations in Québec and registering its securities;

(4)  establishing the conditions allowing a transit authority to enter into contracts of a financial nature in relation, in particular, to currency exchange or interest rates;

(5)  establishing the conditions allowing for financing and refinancing on foreign markets, including by leasing, of property necessary for a transit authority to achieve its mission;

(6)  establishing the conditions to be met so that the securities issued by a transit authority are deemed to be authorized investments within the meaning of the Civil Code, and the direct and general obligations of a transit authority and of the city approving its budget;

(6.1)  notwithstanding the second paragraph of section 48, identifying the documents referred to in subparagraph 6 on which a facsimile of a signature has the same force as the signature of the chair of a transit authority and need not be countersigned by an authorized person; and

(7)  authorizing a transit authority to establish funds other than the fixed assets fund referred to in section 120 for such purposes as the Government determines and prescribing the conditions for doing so, including authorizations, and the management rules.

A regulation under subparagraphs 2 to 6 of the first paragraph may vary depending on the transit authorities concerned. For the purposes of subparagraphs 2 to 5 of that paragraph, a regulation may provide for authorizations and exceptions in relation to the conditions it establishes.

2001, c. 23, s. 150; 2001, c. 66, s. 40; 2003, c. 19, s. 250.

2002-02-18

150. On the recommendation of the Minister and the Minister of Municipal Affairs and Greater Montréal, the Government may make regulations

(1)  exempting motorists residing in the territory of a municipality it indicates from payment to the Société de l’assurance automobile du Québec of the contribution to public transit established under section 88.2 of the Transport Act (chapter T-12) where the Government is of the opinion that a transit authority does not, according to the criteria it establishes, benefit the residents of that territory;

(2)  limiting the borrowing power of a transit authority to the term and maximum amount it establishes, fixing conditions on which money may be borrowed and prescribing rules that vary depending on whether the borrowing is long-term or short-term;

(3)  establishing the conditions allowing a transit authority to constitute an establishment abroad for the purpose of financing its operations in Québec and registering its securities;

(4)  establishing the conditions allowing a transit authority to enter into contracts of a financial nature in relation, in particular, to currency exchange or interest rates;

(5)  establishing the conditions allowing for financing and refinancing on foreign markets, including by leasing, of property necessary for a transit authority to achieve its mission;

(6)  establishing the conditions to be met so that the securities issued by a transit authority are deemed to be authorized investments within the meaning of the Civil Code, and the direct and general obligations of a transit authority and of the city approving its budget;

(6.1)  notwithstanding the second paragraph of section 48, identifying the documents referred to in subparagraph 6 on which a facsimile of a signature has the same force as the signature of the chair of a transit authority and need not be countersigned by an authorized person; and

(7)  authorizing a transit authority to establish funds other than the fixed assets fund referred to in section 120 for such purposes as the Government determines and prescribing the conditions for doing so, including authorizations, and the management rules.

A regulation under subparagraphs 2 to 6 of the first paragraph may vary depending on the transit authorities concerned. For the purposes of subparagraphs 2 to 5 of that paragraph, a regulation may provide for authorizations and exceptions in relation to the conditions it establishes.

2001, c. 23, s. 150; 2001, c. 66, s. 40.

2001-12-31

150. On the recommendation of the Minister and the Minister of Municipal Affairs and Greater Montréal, the Government may make regulations

(1)  exempting motorists residing in the territory of a municipality it indicates from payment to the Société de l’assurance automobile du Québec of the contribution to public transit established under section 88.2 of the Transport Act (chapter T-12) where the Government is of the opinion that a transit authority does not, according to the criteria it establishes, benefit the residents of that territory ;

(2)  limiting the borrowing power of a transit authority to the term and maximum amount it establishes, fixing conditions on which money may be borrowed and prescribing rules that vary depending on whether the borrowing is long-term or short-term ;

(3)  establishing the conditions allowing a transit authority to constitute an establishment abroad for the purpose of financing its operations in Québec and registering its securities ;

(4)  establishing the conditions allowing a transit authority to enter into contracts of a financial nature in relation, in particular, to currency exchange or interest rates ;

(5)  establishing the conditions allowing for financing and refinancing on foreign markets, including by leasing, of property necessary for a transit authority to achieve its mission ;

(6)  establishing the conditions to be met so that the securities issued by a transit authority are deemed to be authorized investments within the meaning of the Civil Code of Québec, and the direct and general obligations of a transit authority and of the city or municipalities approving its budget ; and

(7)  authorizing a transit authority to establish funds other than the fixed assets fund referred to in section 120 for such purposes as the Government determines and prescribing the conditions for doing so, including authorizations, and the management rules.

A regulation under subparagraphs 2 to 6 of the first paragraph may vary depending on the transit authorities concerned. For the purposes of subparagraphs 2 to 5 of that paragraph, a regulation may provide for authorizations and exceptions in relation to the conditions it establishes.

2001, c. 23, s. 150.