197. The council shall adopt, with or without amendment, the budget of the city for the fiscal year 2002 prepared by the transition committee.
The budget of the city shall be transmitted to the Minister of Municipal Affairs, Sports and Recreation within 30 days of its adoption by the council.
If on 1 January 2002, the budget is not adopted, one-quarter of each appropriation provided for in the budget prepared by the transition committee is deemed to be adopted. The same rule applies on 1 April, 1 July and 1 October if, on each of those dates, the budget has not yet been adopted.
The treasurer or director of finance of a municipality referred to in section 5 who is not already bound to apply section 105.4 of the Cities and Towns Act (chapter C-19) or a similar provision in the charter of the municipality is bound to produce, before the budget of the city is adopted for the 2002 fiscal year, at least the comparative statement on revenues provided for in section 105.4.
2000, c. 56, Sch. I, s. 197; 2001, c. 25, s. 302; O.C., 1308-2001, s. 24; 2003, c. 19, s. 250.