Page:United States Statutes at Large Volume 108 Part 3.djvu/839

 PUBLIC LAW 103-334—SEPT. 30, 1994 108 STAT. 2591 1995 shall not exceed the total receipts collected by the government and available for such funds during fiscal year 1995. (2) INDIVIDUAL FUND LIMITATIONS. —The disbursements and net payables of the government of the District of Columbia from the general fund and from each of the government's other funds not covered by paragraph (3) during fiscal year 1995 shall not exceed the receipts collected by the government and available for the general fund and for each such fund during fiscal year 1995. (3) CAPITAL PROJECTS, TRUST AND AGENCY FUNDS LIMITA- TIONS. — The disbursements and net payables of the government of the District of Columbia from each of the government's capital projects, trust and agency funds during fiscal year 1995 shall not exceed the total of the cash available to each such fund at the beginning of fiscal year 1995 plus the receipts of each such fund during fiscal year 1995. (c) ENFORCEMENT. — (1) PLACEMENT IN ESCROW OF PORTION OF ANNUAL FEDERAL PAYMENT. —Upon receipt of the annual Federal payment for fiscal year 1996 authorized by sections 502(a) or 503 of the District of Columbia Self-Government and Governmental Reorganization Act or made pursuant to any other provision of law authorizing a Federal payment to the general fund of the District of Columbia for fiscal year 1996, the Mayor of the District of Columbia shall place in escrow— (A) 10 percent of the Federed payment, for purposes of enforcement of subsection (a); and (B) an additional 10 percent of the Federal payment, for purposes of enforcement of subsection (b)(1). (2) AVAILABILITY OF ESCROWED AMOUNTS. — No portion of the funds placed in escrow under paragraph (1) of this subsection shall be available for use by the government of the District of Columbia until the Mayor submits to the Committees on Appropriations of the House of Representatives and the Senate, the Committee on the District of Columbia of the House of Representatives, and the Committee on Governmental Affairs of the Senate two reports, each certified by an independent public accountant, on (A) the spending reductions required by subsection (a) of this section, and (B) the disbursements, net payables, and receipts covered by paragraph (1) of subsection (b) of this section. In no event shall the reports required by this paragraph be submitted later than the date on which the Mayor issues the Comprehensive Annual Financial Report of the District of Columbia for the fiscal year ended September 30, 1995. (3) AMOUNT OF ESCROWED FUNDS AVAILABLE. —F ifteen days after submitting the reports required by paragraph (2), the funds placed in escrow under paragraph (1) shall be available for use by the government of the District of Columbia only if— (A) the Mayor pays to the Treasury of the United States the sum of— (i) the amount (if any) by which the actual reduction implemented under subsection (a) fails to achieve the reduction made by paragraph (1) of such subsection; and

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