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I-13.3 - Education Act
Section 723.5
Disposition versions
723.5. (Repealed).
2013, c. 16, s. 187; 2018, c. 52018, c. 5, s. 571.
723.5. A school board referred to in sections 723.2 to 723.4 must, in accordance with the terms and procedures set out in the budgetary rules, adjust its tax rate so that its revenues from the school tax added to the equalization grant and the subsidy paid under those sections are not higher than the maximum yield of the school tax or, as the case may be, the yield of the school tax approved by referendum in accordance with sections 345 to 353.
The school board may determine different tax rates for the municipalities in its territory for the fiscal years during which the school board receives a subsidy under sections 723.2 to 723.4. The distribution must be fair and meet the conditions set out in the budgetary rules.
