Interpretation

1   In this order:

"additional school tax" has the same meaning as in section 117.1 of the School Act;

"Block F" means Block F, District Lot 140, Group 1, New Westminster District;

"eligible future taxation year" means 2024, 2025, 2026 or 2027;

"Musqueam Indian Band" has the same meaning as in section 1 of the Musqueam Reconciliation, Settlement and Benefits Agreement Implementation Act;

"specified dwelling property", in relation to a taxation year, means land that

(a) is described in paragraph (a) of the definition of "dwelling property" in section 117.1 of the School Act for the taxation year, and

(b) was within the boundaries of one or more of the following parcels in Block F on December 18, 2023:

(i) PID 013-763-938;

(ii) PID 031-044-433;

(iii) PID 031-751-211;

(iv) PID 031-751-229.

Remission of additional school tax

2   Authorization is given for the remission of additional school tax that is paid or payable

(a) by Musqueam Block F Land Ltd. in relation to land in Block F specified by permanent parcel identifier in Column 1 of the Schedule for a taxation year set out opposite in Column 2, or

(b) by a corporation in relation to specified dwelling property for an eligible future taxation year if the Musqueam Indian Band is the beneficial owner of all the shares of the corporation throughout that taxation year.