In application of article LO 6271-5, a global grant for school construction and equipment is instituted in order to help compensate for the net increases in charges for the collectivity of Saint-Barthélemy resulting from the transfer of powers to it.
The global grant for school construction and equipment corresponds to the average annual amount of appropriations devoted by the department of Guadeloupe and the commune of Saint-Barthélemy to capital expenditure for the Saint-Barthélemy secondary school between 1997 and 2006 inclusive; this amount is indexed to the growth rate of gross fixed capital formation of general government associated with the 2007 and 2008 finance bills.
Given the positive difference between the amount of taxes and the amount of costs transferred by the State to the collectivity of Saint-Barthélemy, the total amount of the global grant for school construction and equipment calculated in 2008 for the benefit of the collectivity of Saint-Barthélemy, in accordance with the second paragraph, is not paid to the collectivity of Saint-Barthélemy and is deducted from the State budget. For the same reason, no global grant for school construction and equipment is due to the collectivity of Saint-Barthélemy from 2009.