Page:United States Statutes at Large Volume 109 Part 1.djvu/130

 109 STAT. 114 PUBLIC LAW 104-8 —APR. 17, 1995 the President, and Congress with a notice certifying its approval; and (ii) the Mayor shall promptly submit the financial plan and budget to the Council pursuant to section 442 of the District of Columbia Self-Government and Governmental Reorganization Act. (C) DISAPPROVAL OF MAYOR'S REVISED FINANCIAL PLAN AND BUDGET.— (i) IN GENERAL. —I f the Authority determines that the revised financial plan and budget for the fiscal year submitted by the Mayor under subparagraph (A) does not meet the requirements applicable under section 201, the Authority shall— (I) disapprove the financial plan and budget; (II) shall provide the Mayor, the Council, the President, and Congress with a statement containing the reasons for such disapproval; and (III) recommend a financial plan and budget for the District government which meets the requirements applicable under section 201 and submit such financial plan and budget to the Mayor and the Council. (ii) SUBMISSION OF REJECTED FINANCIAL PLAN AND BUDGET. —The Mayor shall promptly submit the revised financial plan and budget disapproved by the Authority under this subparagraph to the Council pursuant to section 442 of the District of Columbia Self-Government and Grovernmental Reorganization Act. (D) DEEMED APPROVAL AFTER 15 DAYS. — (i) IN GENERAL. —I f the Authority has not provided the Mayor, the Council, the President, and Congress with a notice certifying approval under subparagraph (B)(i) or a statement of disapproval under subparagraph (C) upon the expiration of the 15-day period which begins on the date the Authority receives the revised financial plan and budget submitted by the Mayor under sul>paragraph (A), the Authority shall be deemed to have approved the revised financial plan and budget and to have provided the Mayor, the Council, the President, and Congress with the notice certify- ing approval described in subparagraph (B)(i). (ii) EXPLANATION OF FAILURE TO RESPOND.—If clause (i) applies with respect to a financial plan and budget, the Authority shall provide the Mayor, the Council, the President and Congress with an explanation for its failure to provide the notice certifying approval or the statement of disapproval during the 15-day period described in such clause. (3) ACTION BY COUNCIL.— (A) ADOPTION OF FINANCIAL PLAN AND BUDGET.— Notwithstanding the first sentence of section 446 of the District of Columbia Self-Government and Grovernmental Reorganization Act, not later than 30 days after receiving the Mayor's approved revised financial plan and budget for the fiscal year under paragraph (2)(B) or (in the case of a financial plan and budget disapproved by the Authority)

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