Failure of Mayor to comply with paragraph 3(4)E+W+S
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;
(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.
Textual Amendments
F1Sch. 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