551. Notwithstanding paragraph 1 of section 98, an institution holding a permit on 1 October 1992 and constituted as a non-profit legal person before 1 January 1974, remains a private institution where any sums it receives which are derived from the Consolidated Revenue Fund do not cover more than 80% of the net amounts it would receive for its current operating expenditures if it were a public institution.
Notwithstanding paragraph 1 of section 98, any institution constituted as a non-profit legal person before 1 June 1972 which engages in activities inherent in the mission of a local community service centre and which, on 1 October 1992, holds a permit issued for that purpose, is also a private institution. Such an institution shall continue to be governed by the rules applicable to the financing of its activities during the fiscal year beginning on 1 April 1992 until 31 March 1993, on which date it must have entered into a financial agreement in accordance with section 475.
1991, c. 42, s. 551; 1992, c. 21, s. 60; 1996, c. 36, s. 51.