I. – A budget allocation is instituted entitled “solidarity allocation in favour of the equipment of local authorities and their groupings affected by climatic or geological events”. This grant contributes to repairing the damage caused to their property by severe climatic or geological events.
II. – The following are eligible for this allocation:
1° Communes;
2° Public establishments of inter-communal cooperation with their own tax status;
3° Mixed syndicates made up exclusively of communes and public establishments of inter-communal cooperation, those made up solely of public establishments of inter-communal cooperation or those associating exclusively communes, public establishments of inter-communal cooperation, départements and regions ;
4° The départements;
5° The metropolis of Lyon;
6° The regions and the territorial collectivity of Corsica.
Overseas territorial collectivities and their groupings are not eligible for this allocation.
III. – A decree in the Conseil d’Etat sets out the terms and conditions for the application of this article. In particular, it shall specify the conditions for determining the serious climatic or geological events in question, the nature of the property taken into account, the rules relating to the nature and amounts of eligible damage and the rules for determining the allocation for each territorial authority and grouping according to the amount of eligible damage.