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.