Greater London Authority Act 1999

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;

[F1 (b) prepare a draft component budget for the Mayor;

(bb) prepare a draft component budget for the Assembly; and]

(c) prepare a draft consolidated budget.

[F2 (1A) If the draft consolidated budget does not comply with the relevant principles, the Assembly shall also prepare a draft substitute consolidated budget that complies with those principles.]

(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.

[F3 (3) If, at the public meeting referred to in sub-paragraph (2) above, the draft substitute consolidated budget prepared under sub-paragraph (1A) above is approved by the Assembly, that draft, as so approved, shall be the Authority's substitute consolidated budget for the financial year to which it relates.]

Textual Amendments

F1 Sch. 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

F2 Sch. 6 para. 4(1A) inserted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 6 para. 37(3)(a); S.I. 2011/2896, art. 2(i)

F3 Sch. 6 para. 4(3) inserted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 6 para. 37(3)(b); S.I. 2011/2896, art. 2(i)