French General Code of Local Authorities
In forceThe closing of the local authority's accounts is constituted by the vote of the territorial council on the administrative account presented by the president of the territorial council after transmission, no later than 1st June of the year following the financial year, of the management account drawn up by the accountant of the territorial authority. The vote of the territorial council approving the accounts must take place no later than 30 June of the year following the financial year.
The administrative account is approved if a majority of votes is not cast against its adoption.
When the administrative account is rejected by the Territorial Council, the draft administrative account attached to the rejection deliberation, as presented as the case may be by the President of the Territorial Council, if it is consistent with the management account drawn up by the accounting officer, after an opinion has been issued within one month by the Territorial Audit Chamber to which the representative of the State refers the matter without delay, is substituted for the administrative account for the implementation of Article
L. 1424-35and for the settlement of allocations under the Value Added Tax Compensation Fund.
