117.15. Land transferred pursuant to a provision enacted under section 117.1 may be used only for the establishment or enlargement of a park or playground or for the preservation of a natural area for as long as it belongs to the municipality.
Every amount paid pursuant to such a provision and every amount received by the municipality in return for a transfer of land under the first paragraph shall form part of a special fund.
The fund may be used only to purchase or develop land to be used for parks or playgrounds, to purchase land to be used for natural areas or to purchase plants and to plant them on property of the municipality. For the purposes of this paragraph, the development of land includes the construction thereon of a building the use of which is inherent in the use or maintenance of a park, playground or natural area.
The Communauté urbaine de Montréal and every municipality whose territory is comprised in the Community’s territory may make an agreement under which the municipality transfers to the Community, for the purposes of the exercise by the Community of its jurisdiction over regional parks, part of the land or fund referred to in this section.