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Statutes of Newfoundland and Labrador 2016
AN ACT TO AMEND THE
(Assented to December 14, 2016)
Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:
1. Subsections 201.3(1) and (2) of the Municipalities Act, 1999 are repealed and the following substituted:
Disposition of property valued at $500 or more
201.3 (1) Where the estimated fair market value of real or personal property is $500 or more, a council may, by resolution of 2/3 vote of the councillors in office and with the prior approval of the minister, accept an offer to dispose of the real or personal property at less than the estimated fair market value, or accept an offer to dispose of the real or personal property that is not the highest offer, where the purpose of the disposition is social or economic development.
(2) A council shall give public notice of the council's intention to dispose of real or personal property under subsection (1).
2. The Act is amended by adding immediately after section 398 the following:
Names and numbering
398.1 (1) A local service district committee may name and mark all highways within the local service district and may require the owners of all buildings on the highways to number those buildings.
(2) A local service district committee may establish an appropriate form and size for the numbering under subsection (1).