Insular Councils4. In the archipelagos, each island shall also have its own administration in the form of Cabildo or Insular Council.
Section 142
Sufficiency of local finance31, 133.2, 137, 140, 141 CLocal treasuries must have sufficient funds available in order to perform the tasks assigned by law to the respective Corporations, and shall mainly be financed by their own taxation as well as by their share of State taxes and those of Self-governing Communities.
CHAPTER 3
Self-governing Communities
Section 143
Setting-up of Self-governing Communities2, 137, 144, 151 C1. In the exercise of the right to self-government recognised in section 2 of the Constitution, bordering provinces with common historic, cultural and economic characteristics, insular territories and provinces with a historic regional status may accede to self-government and form Self-governing Communities (Comunidades Autónomas) in conformity with the provisions contained in this Part and in the respective Statutes.
Normal initiative151, Trans. Prov. 1, 2, 3, 4 and 5 C2. The right to initiate the process towards self-government lies with all the Provincial Councils concerned or with the corresponding inter-island body and with two thirds of the municipalities whose population represents at least the majority of the electorate of each province or island. These requirements must be met within six months from the initial agreement reached to this aim by any of the local Corporations concerned.
3. If this initiative is not successful, it may be repeated only after five years have elapsed.
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