278.2. The fund is made up of the sums allocated to it annually and of the interest earned on those sums.
After consultation with the returning officer, the council shall allocate to the fund, on an annual basis, the sums that are necessary to ensure that the fund is sufficient to cover the cost of the next general election in the year it is to be held.
If the fund is used to finance a by-election, the council must, before the next general election is held, provide for the reimbursement of the sums used.
For the purposes of the second paragraph, the cost of the next general election is presumed to be at least equal to the cost of the last general election or of the general election preceding the last one, whichever is higher.
2021, c. 312021, c. 31, s. 51.