TITLE II: THE TERRITORIAL COLLECTIVITY OF CORSICA

The President of the Assembly of Corsica transmits the draft budget to the members of the Assembly of Corsica at least twelve days before the opening of the first meeting devoted to the examination of the said budget.

I.-If the Assembly of Corsica so decides, the allocations earmarked for investment expenditure include programme authorisations and payment appropriations. Programme authorisations constitute the upper limit of expenditure that may be committed for the execution of investments. They remain valid for an unlimited period until they are cancelled. They may be revised. Payment appropriations constitute the upper limit of expenditure that may be authorised or paid during the year to cover…

Before the vote on the first budgetary deliberation following its renewal, the Assembly of Corsica establishes its budgetary and financial regulations. The budgetary and financial regulations of the Corsican regional authority specify in particular: 1° The procedures for managing programme authorisations, commitment authorisations and related payment appropriations, and in particular the rules relating to the lapse and cancellation of programme authorisations and commitment authorisations; 2° The procedures for informing the…

Where the investment section or the operating section of the budget includes either programme authorisations and payment appropriations, or commitment authorisations and payment appropriations, the President of the Corsican Executive Council may, until the adoption of the budget or until its settlement in the event of non-adoption of the budget, liquidate and mandate investment expenditure and operating expenditure corresponding to the authorisations opened during previous financial years, within the limit…

The appropriations required for the operation of the Corsican Economic, Social, Environmental and Cultural Council and, where applicable, for the carrying out of its studies are the subject of a separate entry in the budget of the Corsican regional authority. They are notified, each year, after the budget has been voted, to the president of the Corsican Economic, Social, Environmental and Cultural Council by the president of the Corsican Executive…

The president of the Corsican Executive Council presents the administrative account to the Corsican Assembly annually. The president of the Corsican Executive Council may, even if he is no longer in office, attend the discussion. He must withdraw at the time of the vote. The administrative account is adopted by the Corsican Assembly. Prior to this, the Corsican Assembly adopts the management account for the financial year ended.

When the investment section of the budget shows a surplus after taking over the results, the Assembly of Corsica may transfer this surplus to the operating section in the cases and conditions defined by decree.