158. Each year, the Community shall adopt for the next three fiscal years the programme of its capital expenditures and the programme of the capital expenditures of the Transit Commission. Each such programme shall be adopted by the by-law of which it is a part.
These programs shall be divided into annual phases. They shall describe, in respect of the period coincident therewith, the object, the amount and the mode of financing of the capital expenditures or expenses that each body plans to make or to incur and for which the financing period exceeds twelve months. The programs shall also mention the capital expenditures that the Community and the Transit Commission plan to make respectively beyond the period contemplated therein, if those expenditures result from commitments made during that period.
Every by-law adopted under this section shall be transmitted to the Minister not later than 30 September preceding the beginning of the first fiscal year contemplated in the program. Upon sufficient proof that the Community has been actually unable to adopt either of these programs or to transmit it within the prescribed period, the Minister may grant the Community any additional period he may fix. The by-law adopting the program of capital expenditures of the Transit Commission shall also be transmitted to the Minister of Transport within the same time limit.
The Minister may order that these programmes be transmitted by means of the form furnished by him for that purpose. He may also require, through such form or in any other manner, that the Community or the Transit Commission provide him with any information relating to such programmes even in the case where such information is not provided for in this section.
To come into force, the by-law adopting the program of capital expenditures of the Community requires the approval of the Government, on the recommendation of the Minister. The by-law adopting the program of capital expenditures of the Transit Commission requires the same approval, on the recommendation of the Minister of Municipal Affairs and the Minister of Transport. In either case, the approval may be total or partial.
No loan or pledge of credit intended to finance capital expenditures may be validly ordered if the loan or pledge of credit does not comply with the programme of capital expenditures in force.
To the extent that they are consistent with this section, the provisions applicable to the procedure prior to the adoption of the budget of the Community and to that of the Transit Commission also apply, mutatismutandis, to the procedure prior to the adoption of the programmes of their respective capital expenditures.
1977, c. 80, s. 3; 1985, c. 27, s. 78.