77.3. The Chair of the Conseil du trésor shall, together with the Minister of Finance, develop and propose to the Conseil du trésor a method for reducing expenditures, including operating and compensation expenditures, of special funds within the meaning of section 5.1 of the Financial Administration Act (chapter A-6.001) and of bodies whose results are included in the budget balance defined in section 2 of the Balanced Budget Act (chapter E-12.00001). However, for any such bodies conducting trust transactions, the method applies, with regard to those transactions, only to operating and compensation expenditures.
In addition, the method may be developed in accordance with the first paragraph to apply to the operating and compensation expenditures of the Commission de la construction du Québec, the Commission des normes, de l’équité, de la santé et de la sécurité du travail and Retraite Québec.
When developing an expenditure reduction method, the Chair of the Conseil du trésor and the Minister shall take into account, if applicable, how probable it is that a state-owned enterprise to which the first paragraph of section 4.1 of the Act respecting the Ministère des Finances (chapter M-24.01) applies will achieve the net result target.
The first paragraph does not apply to departments and budget-funded bodies, Hydro-Québec, the Société des loteries du Québec, the Société des alcools du Québec, Investissement Québec, institutions in the health and social services network and institutions in the education network, including Université du Québec and its constituent universities.