C-37.1 - Act respecting the Communauté urbaine de l’Outaouais

Full text
153.13. The Community may, by by-law, establish a financial reserve for any purpose within its jurisdiction to finance expenditures other than capital expenditures.
The by-law must set out
(1)  the purpose for which the reserve is established;
(2)  the projected amount of the reserve;
(3)  the mode of financing of the reserve;
(4)  in the case of a reserve of specified duration, the duration of existence of the reserve;
(5)  the allocation of the amount, if any, by which income exceeds expenditures at the end of the existence of the reserve.
The duration of existence of a reserve must be determined, unless such determination is inconsistent with the purpose for which the reserve is established.
2000, c. 19, s. 13.