Acts and Regulations

2017, c.18 - Local Governance Act

Section 103
Disposition versions

Full text
Adjustments for payments made under Payments in Lieu of Taxes Act (Canada)
103(1)If an amount paid by the Crown in right of the Province to a local government in respect of a grant under the Payments in Lieu of Taxes Act (Canada) for a fiscal year is less than the amount actually received by the Crown in right of the Province,
(a) the council shall, on notice by the Minister, cause the difference to be credited to the general operating fund for the second year following that fiscal year, and
(b) the Minister shall add the amount that represents the difference in the payment made under section 8 or 9 of the Community Funding Act for the second year following that fiscal year.
103(2)If a payment made by the Crown in right of the Province to a local government in respect of a grant under the Payments in Lieu of Taxes Act (Canada) for a fiscal year exceeds the amount actually received by the Crown in right of the Province,
(a) the council shall, on notice by the Minister, cause the difference to be debited against the general operating fund for the second year following that fiscal year, and
(b) the Minister shall deduct the amount that represents the difference from the payment made under section 8 or 9 of the Community Funding Act for the second year following that fiscal year.
Adjustments for payments made under Payments in Lieu of Taxes Act (Canada)
103(1)If an amount paid by the Crown in right of the Province to a local government in respect of a grant under the Payments in Lieu of Taxes Act (Canada) for a fiscal year is less than the amount actually received by the Crown in right of the Province,
(a) the council shall, on notice by the Minister, cause the difference to be credited to the general operating fund for the second year following that fiscal year, and
(b) the Minister shall add the amount that represents the difference in the payment made under section 8 or 9 of the Community Funding Act for the second year following that fiscal year.
103(2)If a payment made by the Crown in right of the Province to a local government in respect of a grant under the Payments in Lieu of Taxes Act (Canada) for a fiscal year exceeds the amount actually received by the Crown in right of the Province,
(a) the council shall, on notice by the Minister, cause the difference to be debited against the general operating fund for the second year following that fiscal year, and
(b) the Minister shall deduct the amount that represents the difference from the payment made under section 8 or 9 of the Community Funding Act for the second year following that fiscal year.