Page:United States Statutes at Large Volume 109 Part 1.djvu/143

 PUBLIC I^W 104^8—APR. 17, 1995 109 STAT. 127 sibility and Management Assistance Act of 1995 for the fiscal year for which the requisition is to be made; "(C) at the time of the Mayor's requisition for an advance, the District government is in compHance with the financial plan and budget; "(D) both the receipt of funds from such advance and the reimbursement of the Treasury for such advance are consistent with the financial plan and budget for the year; and "(E) such advance will not adversely affect the financial stability of the District government; "(4) the Authority certifies to the Secretary, at the time of the Mayor's requisition for an advance, that the District government is eflfectively 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; "(5) the Inspector General of the District of Columbia certifies to the Secretary the information described in paragraph (3) by providing the Secretary with a certification conducted by an outside auditor under a contract entered into pursuant to section 208(a)(4) of the District of Columbia Procurement Practices Act of 1985; "(6) the Secretary receives such additional certifications and opinions relating to the financial position of the District government as the Secretary determines to be appropriate from such other Federal agencies and instrumentalities as the Secretary determines to be appropriate; and "(7) 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 following the fiscal year in which such advance is made. "(c) AMOUNT OF ANY SHORT-TERM ADVANCE.— "(1) IN GENERAL.— Except as provided in paragraph (3), if the conditions in paragraph (2) are satisfied, each advance made under this section shall be in the amount designated by the Mayor in the Mayor's requisition for such advance. "(2) CONDITIONS APPLICABLE TO DESIGNATED AMOUNT.— Paragraph (1) applies if— "(A) the Mayor determines that the amount designated in the Mayor's requisition for such advance is needed to accomplish the purpose described in subsection (a); and "(B) the Authority— "(i) concurs in the Mayor's determination under subparagraph (A); and "(ii) determines that the reimbursement obligation of the District government for an advance made under this section in the amount designated in the Mayor's requisition is consistent with the financial plan for the year. " (3) MAXIMUM AMOUNT OUTSTANDING.— "(A) IN GENERAL. —Notwithstanding paragraph (1), the unpaid principal balance of all advances made under this section in any fiscal year of the District government shall

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