205.1. Every regional county municipality may, by a by-law of its council, prescribe the terms and conditions for determining the aliquot shares of its expenses and payment thereof by the local municipalities.
The by-law may, in particular, prescribe, for every possible situation with respect to the coming into force, in whole or in part, of the budget of the regional county municipality,(1) the date on which the data used to establish provisionally or finally the basis of apportionment of the expenses of the regional county municipality are to be considered;
(2) the time limit for determining each aliquot share and for informing each local municipality of it;
(3) the obligation of the local municipality to pay its aliquot share in a single payment or its right to pay it in a certain number of instalments;
(4) the time limit within which each instalment must be paid;
(5) the rate of interest payable on an outstanding instalment;
(6) the adjustments that may result from the deferred coming into force of all or part of the budget of the regional county municipality or from the successive use of provisional and final data in determining the basis of apportionment of the expenses of the regional county municipality.
Instead of fixing the rate of interest payable on an instalment which is outstanding, the by-law may provide that such rate shall be fixed by a resolution of the council of the regional county municipality when its budget is adopted.
1983, c. 57, s. 38; 1986, c. 33, s. 2; 1991, c. 29, s. 3; 1991, c. 32, s. 162.