The Mayor’s final draft
5(1)After—
(a)the first draft has been approved (with or without amendment) under paragraph 4 above, or
(b)such period as the Mayor considers reasonable has elapsed without the first draft having been so approved,
the Mayor shall prepare a final draft of his proposals for the substitute calculations (“the final draft”).
(2)In a case falling within paragraph (b) of sub-paragraph (1) above—
(a)the Mayor shall lay before the Assembly in accordance with standing orders of the Authority a statement that he is proceeding by virtue of that paragraph; and
(b)on the laying of the statement, the Assembly shall be deemed to have approved the first draft without amendment.
(3)Whether the Assembly have approved the first draft with or without amendment, the final draft may be—
(a)the first draft, as approved by the Assembly, with the amendments (if any) made under paragraph 4 above;
(b)the first draft amended by the Mayor as he considers appropriate; or
(c)the same as the first draft.
(4)The Mayor shall—
(a)present the final draft to the Assembly; and
(b)publish it in such manner as he may determine.
(5)If—
(a)the Assembly approved the first draft with amendments under paragraph 4 above, but
(b)the final draft is anything other than the first draft with those amendments,
the Mayor, at the time when he presents the final draft to the Assembly, shall lay before the Assembly in accordance with standing orders of the Authority a written statement of his reasons for preparing a final draft which is not the first draft with those amendments.