Page:United States Statutes at Large Volume 109 Part 1.djvu/136

 109 STAT. 120 PUBLIC LAW 104-8 —APR. 17, 1995 Act of 1939 (sec. 47-3401, D.C. Code) without the prior approval of the Authority during the 45-day period which begins on the date of the appointment of the members of the Authority (subject to the restrictions described in such title, as amended by subsection (c)). (B) CRITERIA FOR APPROVAL DURING REMAINDER OF FIS- CAL YEAR. —The District government may requisition advances described in subparagraph (A) during the portion of fiscal year 1995 occurring after the expiration of the 45-day period described in such subparagraph if the Authority fmds that— (i) such borrowing is appropriate to meet the needs of the District government to reduce deficits and discharge payment obligations; and (ii) the District government is making appropriate progress toward meeting its responsibilities under this Act (and the amendments made by this Act). (b) DEPOSIT OF FUNDS OBTAINED THROUGH TREASURY WITH AUTHORITY.— (1) AUTOMATIC DEPOSIT DURING CONTROL YEAR.—I f the Mayor requisitions funds from the Secretary of the Treasury pursuant to title VI of the District of Columbia Revenue Act of 1939 (sec. 47-3401, D.C. Code) during a control year (beginning with fiscal year 1996), such funds shall be deposited by the Secretary into an escrow account held by the Authority, to be used as follows: (A) The Authority shall expend a portion of the funds for its operations during the fiscal year in which the funds are requisitioned, in such amount and under such conditions as are established under the budget of the Authority for the fiscal year under section 106(a). (B) The Authority shall allocate the remainder of such funds to the Mayor at such intervals and in accordance with such terms and conditions as it considers appropriate, consistent with the financial plan and budget for the year and with any other withholding of funds by the Authority pursuant to this Act. (2) OPTIONAL DEPOSIT DURING FISCAL YEAR 1995. — (A) DURING INITIAL PERIOD FOLLOWING APPOINTMENT.— If the Mayor requisitions funds described in paragraph (1) during the 45-day period which begins on the date of the appointment of the members of the Authority, the Secretary of the Treasury shall notify the Authority, and at the request of the Authority shall deposit such funds into an escrow account held by the Authority in accordance with paragraph (1). (B) DURING REMAINDER OF FISCAL YEAR. —If the Mayor requisitions funds described in paragraph (1) during the portion of fiscal year 1995 occurring after the expiration of the 45-day period described in subparagraph (A), the Secretary of the Treasury shall deposit such funds into an escrow account held by the Authority in accordance with paragraph (1) at the request of the Authority. (c) CONDITIONS ON REQUISITIONS FROM TREASURY.— ^ Title VI of the District of Columbia Revenue Act of 1939 (sec. 47-3401, D.C. Code) is amended by striking all after the heading and inserting the following:

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