306.30. The program shall be divided into annual phases. It shall describe, for the period coincident therewith, the object, the cost and the mode of financing of the capital expenditures or expenses that the corporation plans to make or to incur, and for which the financing period exceeds twelve months.
The program shall also mention the capital expenditures the corporation plans to make beyond the period contemplated by it if the expenditures result from commitments made during that period.