CHAPTER III : Revenue

The surplus from the operating section for the financial year ended, together with the previous result carried forward, is allocated in full at the earliest budgetary decision following the vote on the administrative account and, in any event, before the close of the following financial year. The appropriation decision taken by the territorial council is produced in support of the budgetary decision to take back this result. The deficit from…

The local authority’s revenue from the operating section consists of that mentioned in articles L. 3332-1, L. 3332-2 and L. 4331-2 as well as those created by the local authority in the exercise of its powers.

Revenue from the investment section consists of that mentioned in articles L. 3332-3 and L. 4331-3 as well as those created by the local authority in the exercise of its powers.

The provisions of Article L. 3334-1 and Article L. 3334-2 are applicable to the collectivity of Saint-Pierre-et-Miquelon.

The local authority receives the lump-sum grant under the conditions set out in article L. 3334-3. It also receives a share of the equalisation allowance provided for in article L. 3334-4 and the special assistance provided for in article L. 3334-7-1.

The local authority is eligible for the Value Added Tax Compensation Fund in accordance with the provisions set out in articles L. 1615-1 à L. 1615-12.