# Greater London Authority Act 1999, Paragraph 4

Extent: E+W+S

(1) If the Mayor fails to comply with paragraph 3(4) above, the Assembly shall—
(a) prepare a draft component budget for each functional body, after consultation with that body;
(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.
(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.
(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.

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Source: https://www.legislation.gov.uk/ukpga/1999/29/schedule/6/paragraph/4 (the official version)
Page: https://openlegislation.uk/greater-london-authority-act-1999/schedule-6/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.