519. The Council shall fix by resolution the date before which the school boards must send it their budgetary estimates for each school year.
In consultation with each school board concerned, it shall study, approve or change the budgetary estimates so sent to it.
The Council shall not however, without the agreement of a school board, reduce the budgetary estimates of the board below the minimum amount obtained by application of the rules of the Minister respecting expenditures allowable for purposes of grants unless an expenditure provided for and the service contemplated by such expenditure is assumed in whole or in part by the Council.
In the budgetary estimates of a school board, the Council may, in addition to the minimum contemplated in the preceding paragraph, allot an amount, of the percentage it determines, for expenditures exceeding those contemplated in that paragraph.
The Council must each year, before the date fixed by the Minister, prepare and submit to him its operating, investment and debt service budget for the ensuing school year. Such budget shall include the budgetary estimates of the school boards. It shall send copy of it to the school boards.
The budget must balance revenue and expenditures.
Such budget shall have no effect until approved by the Minister.
In cases of urgency or necessity, the Minister may specially authorize the Council to incur expenditures not approved under this section.
Section 14 applies to the Council mutatis mutandis.