961. No by-law or resolution of the council authorizing the spending of money has effect unless it is accompanied with a certificate from the secretary-treasurer indicating that the municipality disposes of sufficient funds for the purposes for which the expenditure is proposed.
This article does not apply to a by-law or resolution that affects to the proposed expenditure any amount of money from a source other than the general fund or that authorizes the conclusion of a transaction.
If a convention made under a by-law or resolution to which this article applies has effect in respect of more than one fiscal year, a certificate must be issued in accordance with the first paragraph in respect of that portion of the expenditures that will be made during the first fiscal year and thereafter at the beginning of each fiscal year in which the convention has effect.
1979, c. 36, s. 48; 1984, c. 38, s. 70; 1996, c. 2, s. 455; 1999, c. 59, s. 15.