D-7 - Act respecting municipal debts and loans

Section 1 Disposition versions

2003-12-18

1. The term for repayment of a loan effected by a municipality may not exceed 40 years nor the useful life of the property that the proceeds of the loan enable the municipality to acquire, repair, restore or build.

R. S. 1964, c. 171, s. 1; 1977, c. 5, s. 14; 1984, c. 38, s. 145; 1992, c. 54, s. 68; 1994, c. 33, s. 45; 1996, c. 2, s. 622; 1999, c. 43, s. 13; 2003, c. 19, s. 183.

1999-10-27

1. The repayment of any loan effected by a municipality may in no case exceed the reimbursement period determined by regulation of the Minister of Municipal Affairs and Greater Montréal.

The Minister may, in the regulation, fix maximum reimbursement periods, which may vary according to the purpose for which the loan is effected and the categories of municipalities the Minister may determine.

Every regulation under this section comes into force on the date of its publication in the Gazette officielle du Québec or on any later date fixed therein.

R. S. 1964, c. 171, s. 1; 1977, c. 5, s. 14; 1984, c. 38, s. 145; 1992, c. 54, s. 68; 1994, c. 33, s. 45; 1996, c. 2, s. 622; 1999, c. 43, s. 13.

1999-04-01

1. The repayment of any loan effected by a municipality may in no case exceed the reimbursement period determined by regulation of the Minister of Municipal Affairs.

The Minister may, in the regulation, fix maximum reimbursement periods, which may vary according to the purpose for which the loan is effected and the categories of municipalities the Minister may determine.

Every regulation under this section comes into force on the date of its publication in the Gazette officielle du Québec or on any later date fixed therein.

R. S. 1964, c. 171, s. 1; 1977, c. 5, s. 14; 1984, c. 38, s. 145; 1992, c. 54, s. 68; 1994, c. 33, s. 45; 1996, c. 2, s. 622.

1994-06-17

1. The repayment of any loan effected by a municipal corporation, whatever may be the Act which governs it, may in no case exceed the reimbursement period determined by regulation of the Minister of Municipal Affairs.

The Minister may, in the regulation, fix maximum reimbursement periods, which may vary according to the purpose for which the loan is effected and the categories of municipal corporations the Minister may determine.

Every regulation under this section comes into force on the date of its publication in the Gazette officielle du Québec or on any later date fixed therein.

R. S. 1964, c. 171, s. 1; 1977, c. 5, s. 14; 1984, c. 38, s. 145; 1992, c. 54, s. 68; 1994, c. 33, s. 45.

1993-04-01

1. The repayment of any loan effected by a municipal corporation, whatever may be the Act which governs it, may in no case exceed the reimbursement period determined by regulation of the Minister of Municipal Affairs.

Every regulation under this section comes into force on the date of its publication in the Gazette officielle du Québec or on any later date fixed therein.

This section shall not apply to engagements made by municipal corporations towards the Minister of Finance pursuant to the Roads Act (chapter V-8).

R. S. 1964, c. 171, s. 1; 1977, c. 5, s. 14; 1984, c. 38, s. 145; 1992, c. 54, s. 68.

1985-01-01

1. The repayment of any loan effected by a municipal corporation, whatever may be the Act which governs it, may in no case exceed the reimbursement period determined by regulation of the Minister of Municipal Affairs.

The Minister may, in the regulation, fix maximum reimbursement periods, which may vary according to the purpose for which the loan is effected and the categories of municipal corporations the Minister may determine.

Every regulation under this section comes into force on the date of its publication in the Gazette officielle du Québec or on any later date fixed therein.

This section shall not apply to engagements made by municipal corporations towards the Minister of Finance pursuant to the Roads Act (chapter V-8).

R. S. 1964, c. 171, s. 1; 1977, c. 5, s. 14; 1984, c. 38, s. 145.

1977-12-31

1. The repayment of any loan effected by a municipal corporation, whatever may be the act under which it was incorporated or which governs it, shall in no case exceed the reimbursement period hereafter specified according to the purpose for which it was effected, to wit:

(1)  For establishing, purchasing, extending or improving a system of sewers or a system for supplying the inhabitants of a municipality with water, or for acquiring land for, development of, or improvement to public parks or play-grounds,—forty years;

(2)  For establishing, purchasing, extending or improving a gas or electric light plant or system, or for acquiring land for construction, extension or improvement of highways, streets or sidewalks, if the pavements or sidewalks are of stone, block, brick, concrete or other material of similar lasting character, or for the acquisition or improvement or construction of bridges, if of stone, concrete, iron superstructure or of other material of similar lasting character, or for acquiring land for, or the construction of, addition to, or improvement of buildings to be used for any municipal purpose, if the building is of material of a more lasting character than wood,—thirty years;

(3)  For acquiring land for, construction, extension or improvement of highways, streets or sidewalks, if the pavements or sidewalks are of macadam or asphalt or other material of similar lasting character, or for the acquisition, improvement or construction of bridges, if of wood or other material of similar lasting character, or for acquiring land for, or the construction of, addition to or improvement of buildings, to be used for any municipal purpose, if the building is of wood,—twenty years;

(4)  For acquiring land for, construction, extension or improvement of highways, streets or sidewalks, if the pavements or sidewalks are of no material of a lasting character, of for the acquisition of departmental equipment, or for aid, bonus or encouragement,—ten years;

(5)  For any purpose not hereinabove provided for,—such period as the Minister of Municipal Affairs may determine on the recommendation of the Commission municipale du Québec.

Notwithstanding the provisions of this section, the Minister of Municipal Affairs may, on the recommendation of the Commission municipale du Québec and when he deems it in the interest of a municipal corporation, authorize the latter to effect any loan for a term exceeding that stipulated in this section for a loan of this nature.

This section shall not apply to engagements made by municipal corporations towards the Minister of Finance, by virtue of the Roads Act (chapter V-8).

R. S. 1964, c. 171, s. 1; 1977, c. 5, s. 14.