An Act to Amend the Assessment Act
Her Majesty, by and with the advice and consent of the Legislative Assembly of New Brunswick, enacts as follows:
1 Subsection 4(1) of the Assessment Act, chapter A-14 of the Revised Statutes, 1973, is amended
ain paragraph (l) of the English version by striking out “and” at the end of the paragraph;
bin subparagraph (m)(ii) by striking out the period at the end of the subparagraph and substituting “; and”;
cby adding after paragraph (m) the following: 
nreal property or portions of real property occupied by a public transit system prescribed by regulation that is operated by or on behalf of one or more local governments primarily within the territorial limits of the local government or local governments.
2 Subsection 40(1) of the Act is amended by adding the following after paragraph (e.43): 
e.44prescribing public transit systems for the purposes of paragraph 4(1)(n);
Regulation under the Assessment Act
3 New Brunswick Regulation 84-6 under the Assessment Act is amended by adding after section 2.211 the following: 
2.212 The following public transit systems are prescribed for the purposes of paragraph 4(1)(n) of the Act: 
aCodiac Transpo, operated by the city of Moncton on its own behalf and on behalf of the city of Dieppe and The Town of Riverview;
bSaint John Transit, operated by the Saint John Transit Commission on behalf of The City of Saint John; and
cFredericton Transit, operated by The City of Fredericton.
4 This Act shall be deemed to have come into force on January 1, 2020.