CPA · Municipal Government Act
Part 8 — Financial Administration
244 Financial shortfall
assets, is less than zero, the municipality must include a budgeted
expenditure in the next calendar year that is sufficient to recover
the shortfall.
(2) If a municipality has a shortfall referred to in subsection (1),
the municipality may, with the Minister's approval, allocate the
expenditures to cover the shortfall over more than one calendar
year.
(3) If for any given year a municipality has a shortfall referred to
in subsection (1), the Minister may, if the Minister considers it
necessary to do so, establish that municipality's annual budget for
the next calendar year, and that annual budget
(a) is for all purposes the mun icipality's annual budget for that
calendar year, and
(b) may not be amended or replaced by council.
RSA 2000 cM-26 s244;2015 c8 s35