Page:United States Statutes at Large Volume 109 Part 1.djvu/142

 109 STAT. 126 PUBLIC LAW 104-8 —APR. 17, 1995 apply with respect to the maturity of advances made before October 1, 1995, except that subparagraph (B) of such subsection (relating to the latest permissible maturity date) shall apply as if the reference to 'September 30, 1995' were a reference to 'September 30, 1997'. " (C) NEW MAXIMUM AMOUNT OUTSTANDING.— "(i) IN GENERAL.— Except as provided in clause (iii), if the conditions described in clause (ii) 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. " (ii) CONDITIONS APPLICABLE TO DESIGNATED AMOUNT.— Clause (i) 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 the >.vUthority approves such amount. "(iii) AGGREGATE MAXIMUM AIIOUNT OUTSTAND- ING. —The sum of the anticipated principal and interest requirements of all advances made under this paragraph may not be greater than 100 percent of the fiscal year 1997 limit. "(iv) FISCAL YEAR 1997 LIMIT DESCRIBED. —In this subparagraph, the 'fiscal year 1997 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, 1997. " (D) DEPOSIT OF ADVANCES.—As provided in section 204(b) of the District of Columbia Financial Responsibility and Management Assistance Act of 1995, each advance made under this subsection for the account of the District shall be deposited by the Secretary into an escrow account held by the Authority. "SEC. 602. SHORT-TERM ADVANCES FOR SEASONAL CASH-FLOW MANAGEMENT. "(a) IN GENERAL.— If the conditions in subsection (b) 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, at times of seasonal cash-flow deficiencies. " (b) CONDITIONS TO MAKING ANY SHORT-TERM ADVANCE. — The Secretary shall make an advance under this section if— "(1) the Mayor delivers to the Secretary a requisition for an advance under this section; "(2) the date on which the requisitioned advance is to be made is in a control period; "(3) the Authority certifies to the Secretary that— "(A) the District government has prepared and submitted a financial plan and budget for the District government; "(B) there is an approved financial plan and budget in effect under the District of Columbia Financial Respon-

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