PART SIX: OVERSEAS COLLECTIVITIES GOVERNED BY ARTICLE 74 OF THE CONSTITUTION

In the event that the local authority’s budget has not been adopted before 1 January of the financial year to which it applies, the president of the territorial council is entitled, until the adoption of this budget, to levy revenue and to commit, liquidate and mandate expenditure in the operating section within the limit of that entered in the budget for the previous year. It is entitled to mandate expenditure…

If the budget is not adopted before 31 March of the financial year to which it applies or before 15 April of the year of the renewal of the Territorial Council, the State representative immediately refers the matter to the Territorial Audit Chamber which, within one month and by means of a public opinion, makes proposals for the settlement of the budget. The State representative settles the budget and makes…

The local authority’s budget is in real balance when the operating section and the investment section are respectively voted in balance, the revenue and expenditure having been evaluated sincerely, and when the deduction from the revenue of the operating section in favour of the investment section added to the own revenue of this section, excluding the proceeds of borrowings, and possibly to the allocations to the depreciation and provisions accounts,…

Where the budget is not voted in real balance, the territorial audit chamber, seized by the State representative within thirty days of the transmission provided for in article LO 6341-1, establishes this, proposes to the local authority, within thirty days of the referral, the measures necessary to re-establish a balanced budget and asks the territorial council for a new deliberation. The new deliberation, rectifying the initial budget, must take place…

However, for the application of article LO 6362-4, a budget is not considered to be out of balance if its operating section includes or recovers a surplus and its investment section is in real balance, after the recovery for each of the sections of the results shown in the administrative account for the previous financial year.