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C-19 - Cities and Towns Act

Section 567
Disposition versions

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567. (1)  The provisions of this subdivision 30 shall apply to by-laws enacting an issue of bonds to pay off a debt by delivery of bonds to the creditors, or to grant assistance where the same is permitted.
(2)  The council may, by resolution, order temporary loans for the payment of current administration expenses or expenses for which payment of a subsidy by the Government or one of its ministers or agencies is assured and may contract them on the conditions and for the period it determines.
The council may also contract temporary loans to pay all or part of the expenses made under a loan by-law.
(3)  A municipality may, by a by-law requiring only the approval of the Minister of Municipal Affairs, Regions and Land Occupancy, order a loan for an amount not exceeding the amount of a subsidy of which payment is assured by the Government or one of its ministers or bodies and for a term corresponding to the payment period of the subsidy.
The by-law’s sole object may be a loan for an amount corresponding to the subsidy and, despite section 544.1, the sums borrowed may be used, in whole or in part, to repay the general fund of the municipality.
For the purposes of the first and second paragraphs, the amount of the loan is deemed not to exceed that of the subsidy if the amount by which the former exceeds the latter is not greater than 10% of the subsidy and corresponds to the amount needed to pay the interest on the temporary loan contracted and the financing expenses related to the securities issued.
R. S. 1964, c. 193, s. 603; 1968, c. 55, s. 149; 1969, c. 55, s. 28; 1977, c. 5, s. 14; 1979, c. 72, s. 321; 1982, c. 63, s. 147; 1984, c. 38, s. 41; 1992, c. 27, s. 24; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2004, c. 20, s. 101; 2005, c. 28, s. 54, s. 196; 2009, c. 26, s. 109; 2017, c. 13, s. 68.
567. (1)  The provisions of this subdivision 30 shall apply to by-laws enacting an issue of bonds to pay off a debt by delivery of bonds to the creditors, or to grant assistance where the same is permitted.
(2)  The council may, by resolution, order temporary loans for the payment of current administration expenses or expenses for which payment of a subsidy by the Government or one of its ministers or agencies is assured and may contract them on the conditions and for the period it determines.
The council may also contract temporary loans to pay all or part of the expenses made under a loan by-law.
(3)  A municipality which incurs expenses in respect of all or any part of which payment of a subsidy by the Government or one of its ministers or agencies is assured may, by by-law requiring the approval of only the Minister of Municipal Affairs, Regions and Land Occupancy, order a loan for an amount not exceeding the amount of the subsidy and for a term corresponding to the period fixed for the payment of the subsidy.
For the purposes of the first paragraph, the amount of the loan is deemed not to exceed that of the subsidy if the amount by which the former exceeds the latter is not greater than 10% and corresponds to the amount needed to pay the interest on the temporary loan contracted and the financing expenses related to the securities issued.
R. S. 1964, c. 193, s. 603; 1968, c. 55, s. 149; 1969, c. 55, s. 28; 1977, c. 5, s. 14; 1979, c. 72, s. 321; 1982, c. 63, s. 147; 1984, c. 38, s. 41; 1992, c. 27, s. 24; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2004, c. 20, s. 101; 2005, c. 28, s. 54, s. 196; 2009, c. 26, s. 109.
567. (1)  The provisions of this subdivision 30 shall apply to by-laws enacting an issue of bonds to pay off a debt by delivery of bonds to the creditors, or to grant assistance where the same is permitted.
(2)  The council may, by resolution, order temporary loans for the payment of current administration expenses or expenses for which payment of a subsidy by the Government or one of its ministers or agencies is assured and may contract them on the conditions and for the period it determines.
The council may also contract temporary loans to pay all or part of the expenses made under a loan by-law.
(3)  A municipality which incurs expenses in respect of all or any part of which payment of a subsidy by the Government or one of its ministers or agencies is assured may, by by-law requiring the approval of only the Minister of Municipal Affairs and Regions, order a loan for an amount not exceeding the amount of the subsidy and for a term corresponding to the period fixed for the payment of the subsidy.
For the purposes of the first paragraph, the amount of the loan is deemed not to exceed that of the subsidy if the amount by which the former exceeds the latter is not greater than 10% and corresponds to the amount needed to pay the interest on the temporary loan contracted and the financing expenses related to the securities issued.
R. S. 1964, c. 193, s. 603; 1968, c. 55, s. 149; 1969, c. 55, s. 28; 1977, c. 5, s. 14; 1979, c. 72, s. 321; 1982, c. 63, s. 147; 1984, c. 38, s. 41; 1992, c. 27, s. 24; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2004, c. 20, s. 101; 2005, c. 28, s. 54, s. 196.
567. (1)  The provisions of this subdivision 30 shall apply to by-laws enacting an issue of bonds to pay off a debt by delivery of bonds to the creditors, or to grant assistance where the same is permitted.
(2)  The council may, by resolution, order temporary loans for the payment of current administration expenses or expenses for which payment of a subsidy by the Government or one of its ministers or agencies is assured and may contract them on the conditions and for the period it determines.
The council may also contract temporary loans to pay all or part of the expenses made under a loan by-law. If, in that case, the amount exceeds 90 % of that of the bonds, notes or other securities the issue of which is authorized by the by-law, the council shall obtain prior authorization of the Minister of Municipal Affairs, Sports and Recreation.
(3)  A municipality which incurs expenses in respect of all or any part of which payment of a subsidy by the Government or one of its ministers or agencies is assured may, by by-law requiring the approval of only the Minister of Municipal Affairs, Sports and Recreation, order a loan for an amount not exceeding the amount of the subsidy and for a term corresponding to the period fixed for the payment of the subsidy.
For the purposes of the first paragraph, the amount of the loan is deemed not to exceed that of the subsidy if the amount by which the former exceeds the latter is not greater than 10 % and corresponds to the amount needed to pay the interest on the temporary loan contracted and the financing expenses related to the securities issued.
R. S. 1964, c. 193, s. 603; 1968, c. 55, s. 149; 1969, c. 55, s. 28; 1977, c. 5, s. 14; 1979, c. 72, s. 321; 1982, c. 63, s. 147; 1984, c. 38, s. 41; 1992, c. 27, s. 24; 1999, c. 43, s. 13; 2003, c. 19, s. 250; 2004, c. 20, s. 101.
567. (1)  The provisions of this subdivision 30 shall apply to by-laws enacting an issue of bonds to pay off a debt by delivery of bonds to the creditors, or to grant assistance where the same is permitted.
(2)  The council may, by resolution, order temporary loans for the payment of current administration expenses or expenses for which payment of a subsidy by the Government or one of its ministers or agencies is assured and may contract them on the conditions and for the period it determines.
The council may also contract temporary loans to pay all or part of the expenses made under a loan by-law. If, in that case, the amount exceeds 90 % of that of the bonds, notes or other securities the issue of which is authorized by the by-law, the council shall obtain prior authorization of the Minister of Municipal Affairs, Sports and Recreation.
(3)  A municipality which incurs expenses in respect of all or any part of which payment of a subsidy by the Government or one of its ministers or agencies is assured may, by by-law requiring the approval of only the Minister of Municipal Affairs, Sports and Recreation, order a loan for an amount not exceeding the amount of the subsidy and for a term corresponding to the period fixed for the payment of the subsidy.
R. S. 1964, c. 193, s. 603; 1968, c. 55, s. 149; 1969, c. 55, s. 28; 1977, c. 5, s. 14; 1979, c. 72, s. 321; 1982, c. 63, s. 147; 1984, c. 38, s. 41; 1992, c. 27, s. 24; 1999, c. 43, s. 13; 2003, c. 19, s. 250.
567. (1)  The provisions of this subdivision 30 shall apply to by-laws enacting an issue of bonds to pay off a debt by delivery of bonds to the creditors, or to grant assistance where the same is permitted.
(2)  The council may, by resolution, order temporary loans for the payment of current administration expenses or expenses for which payment of a subsidy by the Government or one of its ministers or agencies is assured and may contract them on the conditions and for the period it determines.
The council may also contract temporary loans to pay all or part of the expenses made under a loan by-law. If, in that case, the amount exceeds 90 % of that of the bonds, notes or other securities the issue of which is authorized by the by-law, the council shall obtain prior authorization of the Minister of Municipal Affairs and Greater Montréal.
(3)  A municipality which incurs expenses in respect of all or any part of which payment of a subsidy by the Government or one of its ministers or agencies is assured may, by by-law requiring the approval of only the Minister of Municipal Affairs and Greater Montréal, order a loan for an amount not exceeding the amount of the subsidy and for a term corresponding to the period fixed for the payment of the subsidy.
R. S. 1964, c. 193, s. 603; 1968, c. 55, s. 149; 1969, c. 55, s. 28; 1977, c. 5, s. 14; 1979, c. 72, s. 321; 1982, c. 63, s. 147; 1984, c. 38, s. 41; 1992, c. 27, s. 24; 1999, c. 43, s. 13.
567. (1)  The provisions of this subdivision 30 shall apply to by-laws enacting an issue of bonds to pay off a debt by delivery of bonds to the creditors, or to grant assistance where the same is permitted.
(2)  The council may, by resolution, order temporary loans for the payment of current administration expenses or expenses for which payment of a subsidy by the Government or one of its ministers or agencies is assured and may contract them on the conditions and for the period it determines.
The council may also contract temporary loans to pay all or part of the expenses made under a loan by-law. If, in that case, the amount exceeds 90 % of that of the bonds, notes or other securities the issue of which is authorized by the by-law, the council shall obtain prior authorization of the Minister of Municipal Affairs.
(3)  A municipality which incurs expenses in respect of all or any part of which payment of a subsidy by the Government or one of its ministers or agencies is assured may, by by-law requiring the approval of only the Minister of Municipal Affairs, order a loan for an amount not exceeding the amount of the subsidy and for a term corresponding to the period fixed for the payment of the subsidy.
R. S. 1964, c. 193, s. 603; 1968, c. 55, s. 149; 1969, c. 55, s. 28; 1977, c. 5, s. 14; 1979, c. 72, s. 321; 1982, c. 63, s. 147; 1984, c. 38, s. 41; 1992, c. 27, s. 24.
567. (1)  The provisions of this subdivision 30 shall apply to by-laws enacting an issue of bonds to pay off a debt by delivery of bonds to the creditors, or to grant assistance where the same is permitted.
(2)  The council may, by resolution, order temporary loans for the payment of current administration expenses and may contract them on the conditions and for the period it determines.
The council may also contract temporary loans to pay all or part of the expenses made under a loan by-law. If, in that case, the amount exceeds 90% of that of the bonds and notes the issue of which is authorized by the by-law, the council shall obtain prior authorization of the Minister of Municipal Affairs.
(3)  A municipality which causes works subsidized in whole or in part by the Government or one of its ministers or agencies to be carried out may, by by-law requiring the approval of only the Minister of Municipal Affairs, order a loan for an amount not exceeding the amount of the subsidy and for a term corresponding to the period fixed for the payment of the subsidy.
R. S. 1964, c. 193, s. 603; 1968, c. 55, s. 149; 1969, c. 55, s. 28; 1977, c. 5, s. 14; 1979, c. 72, s. 321; 1982, c. 63, s. 147; 1984, c. 38, s. 41.
567. (1)  The provisions of this subdivision 30 shall apply to by-laws enacting an issue of bonds to pay off a debt by delivery of bonds to the creditors, or to grant assistance where the same is permitted.
(2)  A municipality may, by by-law requiring only the approval of the Minister of Municipal Affairs and the Commission municipale du Québec, contract a loan by means of notes or an issue of bonds to defray the cost of preparing the electoral list, provided that the term of the loan does not exceed four years.
(3)  A municipality which causes works subsidized in whole or in part by the Government or one of its ministers or agencies to be carried out may, by by-law requiring the approval of only the Minister of Municipal Affairs and the Commission municipale du Québec, order a loan by note or by an issue of bonds for an amount not exceeding the amount of the subsidy and for a term corresponding to the period fixed for the payment of the subsidy.
R. S. 1964, c. 193, s. 603; 1968, c. 55, s. 149; 1969, c. 55, s. 28; 1977, c. 5, s. 14; 1979, c. 72, s. 321; 1982, c. 63, s. 147.
567. (1)  The provisions of this subdivision 30 shall apply to by-laws enacting an issue of bonds to pay off a debt by delivery of bonds to the creditors, or to grant assistance where the same is permitted.
(2)  A municipality may, by by-law requiring only the approval of the Minister of Municipal Affairs and the Commission municipale du Québec, contract a loan by means of notes or an issue of bonds to defray the cost of preparing the electoral list, provided that the term of the loan does not exceed four years.
R. S. 1964, c. 193, s. 603; 1968, c. 55, s. 149; 1969, c. 55, s. 28; 1977, c. 5, s. 14; 1979, c. 72, s. 321.
567. (1)  The provisions of this subdivision 30 shall apply to by-laws enacting an issue of bonds to pay off a debt by delivery of bonds to the creditors, or to grant assistance where the same is permitted.
(2)  A municipality may, by by-law requiring only the approval of the Minister of Municipal Affairs and the Commission municipale du Québec, contract a loan by means of notes or an issue of bonds to defray the cost of making the electoral list, provided that the term of the loan does not exceed four years, or the cost of a valuation roll, provided that the term of the loan does not exceed five years.
R. S. 1964, c. 193, s. 603; 1968, c. 55, s. 149; 1969, c. 55, s. 28; 1977, c. 5, s. 14.
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