Page:United States Statutes at Large Volume 109 Part 1.djvu/138

 109 STAT. 122 PUBLIC LAW 104-8—APR. 17, 1995 "(ii) the total amount requisitioned under this subsection during the 60-day period which begins on the date of the first requisition made under this subsection may not exceed 66% percent of the fiscal year 1995 limit; and "(iii) the total amount requisitioned under this subsection after the expiration of the 60-day period which begins on the date of the first requisition made under this subsection may not exceed 100 percent of the fiscal year 1995 limit. " (B) CONDITIONS APPLICABLE TO DESIGNATED AMOUNT.— Subparagraph (A) applies if the Mayor determines that the amount designated in the Mayor^s requisition for such advance is needed to accomplish the purpose described in paragraph (1), and (except during the 45- day period beginning on the date of the appointment of the members of the Authority) the Authority approves such amount. "(C) AGGREGATE MAXIMUM AMOUNT OUTSTANDING. — The sum of the anticipated principal and interest requirements of all advances made under this subsection may not be greater than the fiscal year 1995 limit. "(D) FISCAL YEAR 1995 LIMIT DESCRIBED. —In this paragraph, the 'fiscal year 1995 limit' means the amount authorized to be appropriated to the District of Columbia 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, 1995, "(4) MATURITY OF ANY TRANSITIONAL SHORT-TERM ADVANCE MADE BEFORE OCTOBER 1, 1995. — "(A) IN GENERAL.— Except as provided in subparagraph (B), each advance made under this subsection shall mature on the date designated by the Mayor in the Mayor's requisition for such advance. "(B) LATEST PERMISSIBLE MATURITY DATE. —Notwithstanding subparagraph (A), the maturity date for any advance made under this subsection shall not be later than October 1, 1995. "(5) INTEREST RATE. —Each advance made under this subsection shall bear interest at an annual rate equal to the rate determined by the Secretary at the time that the Secretary makes such advance taking into consideration the prevailing yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the maturity of such advance, plus Vs of 1 percent. "(6) DEPOSIT OF ADVANCES. — "(A) IN GENERAL. —Except as provided in subparagraph (B), each advance made under this subsection for the account of the District government shall be deposited by the Secretary into such account as is designated by the Mayor in the Mayor's requisition for such advance. "(B) EXCEPTION. —Notwithstanding subparagraph (A), if (in accordance with section 204(b)(2) of the District of Columbia Financial Responsibility and Management Assistance Act of 1995) the Authority delivers a letter requesting the Secretary to deposit all advances made under this

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