Municipal Act, 2001

S.O. 2001, Chapter 25

Assistance prohibited

      106.  (1)  Despite any Act, a municipality shall not assist directly or indirectly any manufacturing business or other industrial or commercial enterprise through the granting of bonuses for that purpose.  2001, c. 25, s. 106 (1).

Same

      (2)  Without limiting subsection (1), the municipality shall not grant assistance by,

         (a)    giving or lending any property of the municipality, including money;

         (b)    guaranteeing borrowing;

         (c)    leasing or selling any property of the municipality at below fair market value; or

         (d)    giving a total or partial exemption from any levy, charge or fee.  2001, c. 25, s. 106 (2).