1. Expenditures incurred for the purposes of this Act and financed otherwise than under a loan by-law of a local municipality shall not exceed, during a fiscal year, an amount which the municipality fixes each year by by-law.
The by-law may allocate the amount according to categories that it determines among the activities provided for in this Act.
Except in the case of the city of Québec, the by-law shall be submitted for approval to the qualified voters if the amount fixed therein accounts for more than 1% of the expenditures provided for in the budget of the municipality for the fiscal year concerned.
Such approval must be sought for every by-law which causes the amount fixed in accordance with this section to exceed the limit that applies under the third paragraph or which increases an amount fixed under a by-law having received such approval.
1984, c. 10, s. 1; 1984, c. 36, s. 44; 1988, c. 33, s. 6; 1988, c. 41, s. 89; 1989, c. 60, s. 1; 1994, c. 16, s. 51; 1994, c. 34, s. 1.