Part 6 — Finance and Property Division 1 Finance
154 Equalized assessment
Act shall in each year apportion among the school divisions,
whether public or separate, situated in whole or in part within a
municipality the equalized assessment, as defined in the Municipal
Government Act, established in respect of the municipality for that
year, and afterwards that Minister shall advise the municipality of
the apportionment.
(2) On being advised by the Minister responsible for the Municipal
Government Act of an apportionment under subsection (1), the
chief administrative officer or a designated officer of a
municipality within which a school division is situated in whole or
in part shall provide a certificate to the secretary of the board
showing the portion of the equalized assessment of the
municipality as determined pursuant to subsection (1) that is
applicable to that part of the municipality within which the school
division is situated.
(3) For the purposes of this section, if a separate school district is
situated in whole or in part within a municipality,
(a) the assessment of property of an individual that is assess able
for separate school purposes pertains to the separate school
district in accordance with section 146 and any notice given
under section 147,
(b) the assessment of property of an individual that is assess able
for public school purposes pertains to the public school
division in accordance with section 146 and any notice
given under section 147, and
(c) the assessment of property of a corporation or a cooperati ve
must be apportioned between the separate school district
and the public school division in accordance with the notice
given under section 148.