(2) increases the burden on the ratepayers by reason only of an increase in the rate of interest or the shortening of the term of repayment.For the purposes of the first paragraph, the burden on the ratepayers is not considered increased where the additional cost arising from a change in the borrowing method is connected with the administrative expenses of the new borrowing method and nothing else.
The secretary-treasurer shall send a copy of the resolution passed under this article to the Minister of Municipal Affairs, Regions and Land Occupancy.