473. (1) The council shall, not later than 31 December each year, by resolution, adopt the programme of the capital expenditures of the municipality for the next three fiscal years.
(2) This programme 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 each body plans to incur for which the financing period exceeds twelve months.
(3) The programme adopted under this section must be sent to the Minister of Municipal Affairs during the month of January following its adoption. The Minister may order that this programme be sent on the form furnished by him for that purpose. He may also require, through such form or in any other manner, that the municipality provide him with any information relating to such programme even in the case where such information is not provided for in this section.
(4) To the extent that they are consistent with this section, the provisions governing a municipality which has an executive committee or a manager, or both, and applicable to the procedure prior to the adoption of the budget of such municipality also apply, mutatismutandis, to the procedure prior to the adoption of its programme of capital expenditures.
(5) This section applies to every city or town municipality by whatever law governed, except the City of Montréal.It replaces every provision of a special act by which any multi-annual programme of capital expenditures and amendments thereto are subject to the approvals required for a loan by-law of a municipality.
The City of Québec must adopt the programme of its capital expenditures not later than the last day of April and send it to the Minister of Municipal Affairs during the month of May following its adoption, subject to the other provisions of this section, mutatismutandis.
(6) The council of a municipality governed by this section to which, according to law, the budget of a transit commission is submitted, must also adopt the programme of capital expenditures of such commission.Where such is the case, the provisions of this section apply, mutatismutandis, and the provisions applicable to the procedure prior to the adoption of the budget of such transit commission also apply, in the same manner, to the procedure prior to the adoption of the programme of its capital expenditures, to the extent that they are consistent with this section.