175. The Community shall adopt each year, for the next three fiscal years, a program of capital expenditures.
The program shall consist of as many parts as there are categories of functions exercised by the Community. A category is the aggregate of the functions in respect of which the representatives of the same municipalities are qualified to take part in the deliberations and to vote according to an identical decision-making rule.
The program shall be divided into annual phases. It shall describe, in respect of the period coincident therewith, the object, the amount and the mode of financing of the capital expenditures that the Community plans to make or to incur and for which the financing period exceeds 12 months. The program shall also mention the capital expenditures that the Community plans to make beyond the period covered by the program, if those expenditures result from commitments made during that period.
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 also apply, with the necessary modifications, to the procedure prior to the adoption of the program of capital expenditures.
2000, c. 56, Sch. VI, s. 175.