SCHEDULES

SCHEDULE 6Procedure for determining the Authority’s consolidated budget requirement

Failure of Mayor to comply with paragraph 3(4)

4

1

If the Mayor fails to comply with paragraph 3(4) above, the Assembly shall—

a

prepare a draft component budget for each functional body, after consultation with that body;

b

prepare a draft component budget for the Authority; and

c

prepare a draft consolidated budget.

2

If, at a public meeting of the Assembly, the draft consolidated budget prepared under sub-paragraph (1)(c) above is approved by the Assembly—

a

that draft, as so approved, shall be the Authority’s consolidated budget for the financial year to which it relates; and

b

the following provisions of this Schedule shall not apply in relation to the consolidated budget or the component budgets for that financial year.