Three Acts Amended
Service Nova Scotia and Municipal Relations Minister Ramona Jennex introduced amendments to three acts today, Sept. 21.
Changes to the Municipal Grants Act and the Assessment Act will result in municipalities receiving grants-in-lieu of tax payments on provincially-owned courthouses. The payments will be phased-in over three years, beginning this year. With the changes ten municipalities will receive about $2.8 million annually.
"We recognize and appreciate the financial burden on municipalities," said Ms. Jennex. "We hope this measure will help keep communities strong, and benefit the families who live there."
Changes to the Personal Property Security Act will make Nova Scotia's legislation consistent with the wording of legislation in other jurisdictions as part of a Canada-wide initiative to use similar language in commercial legislation across provinces. There will be no changes to the intent of the act.
FOR BROADCAST USE:
Amendments to three acts were introduced today (September 21st) by Service Nova Scotia and Municipal Relations Minister Ramona Jennex.
Two acts are being amended to allow municipalities to receive grants-in-lieu of taxes for provincially-owned courthouses. At the end of a three year phase-in period, ten municipalities will receive 2.8 million dollars annually.
A third act, the Personal Property Security Act is being amended to make its wording consistent with similar acts in other provinces.