Greater London Authority Act 1999

[F1 Approval of substitute consolidated budget by Assembly following compliance by Mayor with paragraph 6A E+W+S

Textual Amendments

F1 Sch. 6 paras. 8B-8D and cross-headings inserted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 6 para. 37(7); S.I. 2011/2896, art. 2(i)

8C (1) This paragraph applies if— E+W+S

(a) the Mayor presents a draft substitute consolidated budget to the Assembly in accordance with paragraph 6A above,

(b) a public meeting is held under paragraph 8 above to consider the draft final budget to which it relates, and

(c) the final budget as approved at that public meeting continues not to comply with the relevant principles.

(2) The draft substitute consolidated budget must be considered at the public meeting.

(3) After considering the draft substitute consolidated budget, the Assembly must approve it with or without amendment (but see paragraph 8D 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 draft substitute consolidated budget, it shall be deemed to be approved without amendment.

(6) The draft substitute consolidated budget as approved by the Assembly with or without amendments shall be the Authority's substitute consolidated budget for the financial year.]