SCHEDULES

SCHEDULE 6 Procedure 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)

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.