Point in time view as at 31/03/2012.
Greater London Authority Act 1999, Cross Heading: Approval of Mayor’s final draft budget by Assembly is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
8(1)This paragraph applies where the Mayor presents a final draft budget to the Assembly in accordance with paragraph 6 above.E+W+S
(2)The final draft budget must be considered at a public meeting of the Assembly.
(3)After considering the final draft budget, the Assembly must approve it with or without amendment [F1 (but see paragraph 8A below) ] .
(4)For the purposes of sub-paragraph (3) above, the only amendments which are to be made are those agreed to by at least two-thirds of the Assembly members voting.
(5)If no amendments are made on consideration of the final draft budget, the final draft budget shall be deemed to be approved without amendment.
(6)The final draft budget as approved by the Assembly with or without amendment shall be the Authority’s consolidated budget for the financial year.
[F2(6A)Sub-paragraph (6B) below applies if—
(a)the final draft budget is approved by the Assembly with amendments, and
(b)as a result, the final draft budget no longer complies with the relevant principles.
(6B)The Assembly shall also agree a substitute consolidated budget that complies with those principles at the public meeting.]
(7)It shall be the duty of the Assembly to approve the final draft budget with or without amendment before the last day of February in the financial year preceding that to which the final draft budget relates.
Textual Amendments
F1Words in Sch. 6 para. 8(3) inserted (E.W.) (with effect in accordance with s. 59(6) of the amending Act) by Greater London Authority Act 2007 (c. 24), ss. 13(6), 59(4); S.I. 2007/3107, art. 3
F2Sch. 6 para. 8(6A)(6B) inserted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 6 para. 37(6); S.I. 2011/2896, art. 2(i)
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