Modifications etc. (not altering text)
C1Sch. 6 applied (with modifications) (27.7.1999 with application in relation to the limitation of council tax and precepts as regards the financial year beginning with 1.4.2000 and subsequent financial years) by 1992 c. 14, s. 52J (as inserted (27.7.1999 with application in relation to the limitation of council tax and precepts as regards the financial year beginning with 1.4.2000 and subsequent financial years) by 1999 c. 27, s. 30, Sch. 1 Pt. I para. 1)
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)[F1prepare a draft component budget for the Authority; and]
[F1prepare a draft component budget for the Mayor;
(bb)prepare a draft component budget for the Assembly; 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.
Textual Amendments
F1Sch. 6 para. 4(1)(b)(bb) substituted for Sch. 6 para. 4(1)(b) (E.W.) (with effect in accordance with s. 59(6) of the amending Act) by Greater London Authority Act 2007 (c. 24), ss. 13(3), 59(4); S.I. 2007/3107, art. 3