1. If the provincial chapter approves, and with due regard for owners’ rights, including the right to interest, financial investments, in the strict or the wider sense, should be made jointly for the entire province and not by individual convents.
2. The provincial council should make general rules about the placing of investments and the transfers that may need to be made, so that the bursar of the province, in collaboration with the economic council and after consulting independent experts, may transact business expeditiously.

The Order must also have an economic council, whose ex officio chairman is the bursar of the Order and which exercises the same functions as does a province’s economic council.

1. A province must have a council for economic matters composed of the bursar of the province and at least two competent brothers, with a chairperson appointed by the provincial chapter. To this council may be added, if it seems advisable, trustworthy lay experts. (B, n. 289).
2. It will be the duty of the economic council not only to examine all the reports to be submitted to the provincial chapter or the provincial council, but also to help the provincial council by taking a consultative vote when there is question of economic matters of major importance such as, especially, the budget, taxes, and long-range plans.
3. The norms by which the council for economic matters is governed must be included in the statute of administration.

It is the responsibility of the bursar of the Order to examine the economic administration of all the convents and institutes immediately subject to the Master of the Order, as determined by the Master of the Order.

A provincial bursar should collaborate with all conventual bursars, exchanging advice and examining administrative problems, as determined by the economic statute.

At the end of the administrative year the bursar of the Order, with the approval of the Master of the Order, must send to every prior provincial a detailed report on the economic condition of the Order in the previous year, including, especially, any extraordinary budget.

Similarly, in a manner determined by the prior provincial, the bursar of a province must inform the convents about the economic condition of the province.

To ensure that the spirit of poverty and of work may be inspired by fraternal charity, and so that everyone’s sense of responsibility for the community may be deepened, the convent’s chapter must be kept informed about the convent’s economic condition.

Projects which require major financing should not have to depend on financing from ordinary taxation but must be provided for in an extraordinary budget. The resources needed to carry out such undertakings must be arranged for in the kind of planning described in n. 585 and following.

1. The taxes are to service the anticipated ordinary budget.
2. They are being levied according to the income of each convent or province with due equity and proportion.