Version Superseded: 23/10/2007
Point in time view as at 01/10/2000.
Greater London Authority Act 1999, Cross Heading: Failure of Mayor to comply with paragraph 3(4) is up to date with all changes known to be in force on or before 11 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.
4(1)If the Mayor fails to comply with paragraph 3(4) above, the Assembly shall—E+W+S
(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.
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