Common use of CANADA'S COMPENSATION - SCHOOL DIVISIONS Clause in Contracts

CANADA'S COMPENSATION - SCHOOL DIVISIONS. Canada and Saskatchewan agree that, within ninety (90) days of the date upon which Taxable Land which had been situated within a Rural Municipality is set apart as an Entitlement Reserve, Canada shall pay to the School Division Compensation Fund seventy (70%) percent of a sum that is equivalent to seventy (70%) percent of twenty-five (25) times the School Taxes which had been levied in respect of such Taxable Land in the calendar year immediately prior to the said date.

Appears in 8 contracts

Samples: Treaty Land Entitlement Settlement Agreement, Settlement Agreement, Settlement Agreement

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CANADA'S COMPENSATION - SCHOOL DIVISIONS. Canada and Saskatchewan agree that, within ninety (90) days of the date upon which Taxable Land which had been situated within a Rural Municipality is set apart as an Entitlement Reserve, Canada shall pay to the School Division Compensation Fund seventy (70%) percent of a sum that is equivalent to seventy (70%) percent of twenty-twenty- five (25) times the School Taxes Takes which had been levied in respect of such Taxable Land in the calendar year immediately prior to the said date.

Appears in 1 contract

Samples: Saskatchewan Treaty Land Entitlement Framework Agreement

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CANADA'S COMPENSATION - SCHOOL DIVISIONS. Canada and Saskatchewan agree that, within ninety (90) days of the date upon which Taxable Land which had been situated within a Rural Municipality is set apart as an Entitlement Reserve, Canada shall pay to the School Division Compensation Fund seventy (70%) percent of a sum that is equivalent to seventy (70%) percent of twenty-twenty- five (25) times the School Taxes which had been levied in respect of such Taxable Land in the calendar year immediately prior to the said date.

Appears in 1 contract

Samples: Treaty Land Entitlement Settlement Agreement

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