For any exceptional investment operation the amount of which exceeds a threshold set by decree according to the category and population of the local authority or establishment, the executive of a local authority or grouping of local authorities presents to its deliberative assembly a study relating to the multi-year impact of this operation on operating expenditure.
The deliberation of the department or region to award an investment grant to an operation decided or subsidised by a territorial authority or a grouping of territorial authorities shall be accompanied by the study mentioned in the first paragraph.