Page:United States Statutes at Large Volume 109 Part 1.djvu/137

 PUBLIC LAW 104-8—APR. 17, 1995 109 STAT. 121 "SEC. 601. TRANSITIONAI. PROVISION FOR SHORT-TERM ADVANCES. " (a) TRANSITIONAL SHORT-TERM ADVANCES MADE BEFORE OCTO- BER 1, 1995.— "(1) IN GENERAL.— If the conditions in paragraph (2) are satisfied, the Secretary shall make an advance of funds from time to time, out of any money in the Treasury not otherwise appropriated, for the purpose of assisting the District government in meeting its general expenditures, as authorized by Congress. " (2) CONDITIONS TO MAKING ANY TRANSITIONAL SHORT-TERM ADVANCE BEFORE OCTOBER 1, 1995. —The Secretary shall make an advance under this subsection if the following conditions are satisfied: "(A) the Mayor delivers to the Secretary a requisition for an advance under this section; "(B) as of the date on which the requisitioned advance is to be made, the Authority has not approved a financial plan and budget for the District government as meeting the requirements of the District of Columbia Financial Responsibility and Management Assistance Act of 1995; "(C) the date on which the requisitioned advance is to be made is not later than September 30, 1995; "(D) the District government has delivered to the Secretary— "(i) a schedule setting forth the anticipated timing and amounts of requisitions for advances under this subsection; and "(ii) evidence demonstrating to the satisfaction of the Secretary that the District government is effectively unable to obtain credit in the public credit markets or elsewhere in sufficient amounts and on sufficiently reasonable terms to meet the District government's financing needs; "(E) the Secretary determines that there is reasonable assurance of reimbursement for the advance from the amount authorized to be appropriated as the annual Federal payment to the District of Columbia under title V of the District of Columbia Self-Government and Governmental Reorganization Act for the fiscal year ending September 30, 1996; and "(F) except during the 45-day period beginning on the date of the appointment of the members of the Authority, the Authority makes the findings described in section 204(a)(4)(B) of the District of Columbia Financial Responsibility and Management Assistance Act of 1995. " (3) AMOUNT OF ANY TRANSITIONAL SHORT-TERM ADVANCE MADE BEFORE OCTOBER 1, 1995.— "(A) IN GENERAL. —Except as provided in subparagraph (C), if the conditions described in subparagraph (B) are satisfied, each advance made under this subsection shall be in the amount designated by the Mayor in the Mayor's requisition for such advance, except that— "(i) the total amount requisitioned under this subsection during the 30-day period which begins on the date of the first requisition made under this subsection may not exceed 33 Va percent of the fiscal year 1995 limit;

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