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SCHEDULES

SCHEDULE 6Procedure for determining the Authority’s consolidated budget requirement

Mayor’s draft component budget for each constituent body

2(1)For each financial year, the Mayor shall prepare a draft of his proposed component budget for each of the constituent bodies (a “draft component budget”).

(2)Before preparing the draft component budget for the Authority, the Mayor shall consult the Assembly.

(3)Before preparing the draft component budget for a functional body, the Mayor shall consult the body.