223. The council of commissioners may determine, by by-law, the remuneration that may be paid to its members for the services they render to the school board.
It may also determine the norms and modalities governing the repayment of expenses incurred by the members in the performance of their duties.
In no case may the maximum amount of remuneration that may be paid to all the members of the council of commissioners of a school board serving 500 pupils or less be greater than the product obtained by multiplying the number of members of the council of commissioners by $800. Where a school board serves 500 pupils or more but less than 35 000, the multiplication is made by $3 700 and where a school board serves 35 000 pupils or more, the multiplication is made by $11 900.
The maximum amount is adjusted annually in accordance with the rate of increase in the Consumer Price Index for Canada determined by Statistics Canada.
The Minister shall, every year, establish the rate of increase in the rules governing the allocation of financial resources.