372. The municipal corporation or municipality shall remit to the school board any additional amount, including interest, owing by an owner under the Act respecting municipal taxation (chapter F-2.1).
The school board shall remit to the municipal corporation or municipality any amount, including interest, reimbursed to an owner under the Act respecting municipal taxation.
The remittances shall be made on the first day of the month of April, July or November following the due date of the billing or the reimbursement of the amount, whichever of those three dates is closest.
Any amount remitted after the applicable time limit bears interest at a rate equal to the maximum rate fixed under section 50 of the Act respecting municipal debts and loans from the expiration of that time limit. If the maximum rate is changed after the expiration of that time limit but before the amount is paid, the rate applicable to the amount changes from passage of the order fixing the new rate.