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I-8.3 - Public Infrastructure Act

Section 54
Disposition versions

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54. The Government determines the value of the property transferred under section 53, except the sums receivable and the sums payable, which are transferred at their book value on the date of transfer.
The net value of the sums receivable and payable referred to in the first paragraph is covered by an acknowledgement of debt between the Société and the Minister of Finance.
The amount of the acknowledgement of debt is payable within 180 days of the date of transfer. The other conditions are determined by the Government.
2013, c. 23, s. 54; 2019, c. 29, s. 90.
54. The Government determines the value of the property transferred under section 53, except the sums receivable and the sums payable, which are transferred at their book value on the date of transfer.
The net value of the sums receivable and payable referred to in the first paragraph is covered by an acknowledgement of debt between the Société and the Minister of Finance and the Economy.
The amount of the acknowledgement of debt is payable within 180 days of the date of transfer. The other conditions are determined by the Government.
2013, c. 23, s. 54.
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