42 HOW REGIONAL LIERARY DISTRICTS ARE FINANCED smelt sehop hee le (1) On or betore March I in each vear, the library board must provide a copy of of the regional brary district of its. the budget approved by the libiory board under section 39 to the council of portion of tie abprmed budget, ytd each municipality, board of trustees uā€œ each school district and board of including scheduling of payments -ā€. j each regional district represented on the library Uzrd. and colledicn of taxes.ā€ Al + constituents of a regional library..*.i (2) The approved budget must show the share of the cost of proviais-Ā¢ library district would be required to make *-_ service that was apportioned under section 41 to each of the municip-lities, schoo! districts and regional districts represented on the library board. (3) The secretary of the library board must provide, (a) to the council of each municipality forming part of the regional library district, a certificate of the amount shown under subsection (2) in the budget for that municipality, (b) to the Surveyor of Taxes, a certificate of the amount shown under subsection (2) in the budget for each regional district or school district forming part of the regional library district, and (c) to the treasurer of a regional district to which service is provided by the regional library district under an agreement made before section 27 comes into force, a certificate of the amount shown under subsection (2) in the budget for that regional district. (4) On or before August | in each year, the amounts certified under subsection (3) must be paid to the library board by, (a) in the case of a municipality, the treasurer, (b) in the case of a school district or of a regional district except cne referred to in paragraph (c), the Minister of Finance and Corporate Relations, and (c) in the case of a regional district to which service is being provided by the regional library district under an agreement made before section 27 comes into force, the treasurer of the regional district. (5) The amount certified for each regional district or school district in the certificate received by the Survevor of Taxes, together with additionai amounts estimated to cover (a) the cost of assessment and collection, and (b) losses through failure of coliection, must be levied on the net taxable value cf land and improvements in the area of the regional district or school district served by the regional library district. (6) On or before February | in each vear, the Survevor of Taxes and each municipality that forms part of the regional library district must pay to the library board the amount received by any of them in the preceding year under the Municipal Grants Act (Canada) asa grantin licu of taxes for the regional library district. (7) The library board must use the amount of grant paid under subsection (6) to reduce the amount apportioned under section 41 (2) or (3) to each school district. regional district or municipality that. under the Municipal Grants Act (Canada), is to receive the benefit of the grant. {Section 36 (1), (3), (6), (7) and (8) of present Act]