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Canon 263 1. The eparchial bishop is to establish a finance council which consists of a president, who is the eparchial bishop himself, and of other suitable persons expert even if possible, in civil law, appointed by the eparchial bishop after consulting the college of eparchial consultors unless some other equivalent process is already provided by the particular law of his Church sui iuris, always without prejudice to the needs for those who have been elected or appointed by others to have the confirmation of the eparchial bishop. 2. The eparchial finance officer is, by the law itself, a member of the finance council. 3. Those who are related to the eparchial bishop up to the fourth degree inclusive of consanguinity or affinity are excluded from membership on the finance council. 4. In actions of greater importance regarding economic matters the eparchial bishop is not to omit hearing the finance council; the members of the council have only a consultative vote, unless expressly required by common law in special cases or if the document creating the council requires their consent. 5. Besides the functions given to it in common law, the finance council is to prepare an annual budget of the revenues and expenditures foreseen in the coming year in the governance of the whole eparchy as well as examine the account of revenues and expenses at the end of the year.
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