of Bill :
Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:
1 Section 15 of the Assessment Act, chapter A-14 of the Revised Statutes, 1973, is amended by adding ", 15.2" after "15.1".
2 The Act is amended by adding after section 15.1 the following:
15.2(1) The amount of the assessment for the year 2002 on real property identified by its property account number in the regulations shall be as prescribed by regulation.
15.2(2) The amount of the assessment on real property under subsection (1) is final and may not be questioned or reviewed in any court and sections 25, 27, 28 and 37 do not
apply with respect to such real property.
3 Section 40 of the Act is amended
(a) in subsection (1) by adding after paragraph (e.8) the following:
(e.9) identifying real property by its property account number for the purposes of section 15.2 and prescribing the amount of the assessment on such real property;
(b) by adding after subsection (1.2) the following:
40(1.3) A regulation under paragraph (1)(e.9) may be retroactive in its operation to January 1, 2002.
4 This Act comes into force on January 1, 2002.