Textual Amendments
F1Words in Sch. 6 heading substituted (3.12.2011) by Localism Act 2011 (c. 20), s. 240(2), Sch. 7 para. 40(a); S.I. 2011/2896, art. 2(i)
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)
5(1)This paragraph applies where the Mayor presents a draft consolidated budget to the Assembly in accordance with paragraph 3 above.E+W+S
(2)The draft consolidated budget must be considered at a public meeting of the Assembly.
(3)The Assembly must approve the draft consolidated budget, together with the draft component budgets comprised in it, with or without amendment [F2(but see paragraph 5A below)].
(4)For the purposes of sub-paragraph (3) above, the only amendments which are to be made are those agreed to by the Assembly.
(5)If no amendments are made on consideration of the draft consolidated budget (whether to that budget or to any of the draft component budgets comprised in it) the draft consolidated budget shall be deemed to be approved without amendment.
Textual Amendments
F2Words in Sch. 6 para. 5(3) inserted (E.W.) (with effect in accordance with s. 59(6) of the amending Act) by Greater London Authority Act 2007 (c. 24), ss. 13(4), 59(4); S.I. 2007/3107, art. 3