The council of the Greater Paris metropolis adopts by a two-thirds majority, within six months of its creation, a financial and fiscal pact defining the financial relations between the Greater Paris metropolis, the territorial public establishments and the communes located within the perimeter of the metropolis.
The financial and fiscal pact determines the compensation allocations due to the member communes, in accordance with the procedures defined in X of article L. 5219-5.
The Greater Paris metropolitan area has the option of instituting, as part of the financial and fiscal pact, a community solidarity grant for the benefit of the communes, the amount of which is distributed according to equalisation criteria contributing to the reduction of disparities in resources and burdens between the communes.
These criteria are determined in particular on the basis of:
1°The difference between the average per capita income of the commune and the average per capita income of the Greater Paris metropolitan area;
2°The shortfall in the commune’s per capita fiscal or financial potential in relation to the average per capita communal fiscal or financial potential in the territory of the Greater Paris metropolitan area.
Additional criteria may be chosen by the Greater Paris Metropolis Council.
The financial and fiscal pact specifies the procedures for revising the territorial investment support grants allocated to territorial public establishments, public establishments mentioned in the last paragraph of V of Article L. 5219-1 of this code and in article L. 328-1 of the town planning code and to the communes under the conditions provided for in E of XI of article L. 5219-5 of this code.
The financial and fiscal pact may be revised each year under the majority conditions provided for in the first paragraph of this article.