Page:United States Statutes at Large Volume 114 Part 4.djvu/742

 114 STAT. 2762A-42 PUBLIC LAW 106-553—APPENDIX A fund which shall include (but which may not be limited to) the following requirements: "(A) The emergency reserve fund may be used to provide for unanticipated and nonrecurring extraordinary needs of an emergency nature, including a natural disaster or calamity as defined by section 102 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (Public Law 100-707) or unexpected obligations by Federal law. "(B) The emergency reserve fund may also be used in the event of a State of Emergency as declared by the Mayor pursuant to section 5 of the District of Columbia Public Emergency Act of 1980 (sec. 6-1504, D.C. Code). "(C) The emergency reserve fund may not be used to fund— "(i) any department, agency, or office of the Government of the District of Columbia which is administered by a receiver or other official appointed by a court; "(ii) shortfalls in any projected reductions which are included in the budget proposed by the District of Columbia for the fiscal year; or "(iii) settlements and judgments made by or against the Government of the District of Columbia. " (5) ALLOCATION OF EMERGENCY CASH RESERVE FUNDS. — Funds may be allocated from the emergency reserve fund only after— "(A) an analysis has been prepared by the Chief Financial Officer of the availability of other sources of funding to carry out the purposes of the allocation and the impact of such allocation on the balance and integrity of the emergency reserve fund; and "(B) with respect to fiscal years beginning with fiscal year 2005, the contingency reserve fund established by subsection (b) has been projected by the Chief Financial Officer to be exhausted at the time of the allocation. "(6) NOTICE. —The Mayor, the Council, and (in the case of a fiscal year which is a control year, as defined in section 305(4) of the District of Columbia Financial Responsibility and Management Assistance Act of 1995) the District of Columbia Financial Responsibility and Management Assistance Authority shall notify the Committees on Appropriations of the Senate and House of Representatives in writing not more than 30 days after the expenditure of funds from the emergency reserve fund. "(7) REPLENISHMENT. — The District of Columbia shall appropriate sufficient funds each fiscal year in the budget process to replenish any amounts allocated from the emergency reserve fund during the preceding fiscal year by the following fiscal year. Once the emergency reserve equals 4 percent of total budget appropriated from local funds for operating expenditures for the fiscal year, the District of Columbia shall appropriate sufficient funds each fiscal year in the budget process to replenish any amounts allocated from the emergency reserve fund during the preceding year to maintain a balance of at least 4 percent of total funds appropriated from local funds for operating expenditures by the following fiscal year.

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