Sec. 11603. PERMITTING EXPEDITED SUBMISSION AND APPROVAL OF CONSENSUS BUDGET AND FINANCIAL PLAN

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## SEC. 11603 PERMITTING EXPEDITED SUBMISSION AND APPROVAL OF CONSENSUS BUDGET AND FINANCIAL PLAN ###

(a)Findings Congress finds the following: ####

(1)The District of Columbia Financial Responsibility and Management Assistance Act (hereafter in this subsection referred to as the “Act”) was structured as to preserve the maximum prerogatives of each branch of elected self-government consistent with returning the District of Columbia to full financial stability and health. ####

(2)The Act was intended to eliminate unnecessary bureaucratic barriers and procedures throughout the District government, including the budget process. ####

(3)Preservation of home rule and self-government are consistent with cooperation between elected officials and the Authority in drawing the annual budget and other matters affecting the District of Columbia government, and are preferable to achieve greater efficiency, communication among the parties, and avoidance of conflict and delay. ###

(b)In General Section 202 of the District of Columbia Financial Responsibility and Management Assistance Act of 1995 is amended by adding at the end the following new subsection: > > ### “(i) Expedited Submission and Approval of Consensus Budget and Financial Plan > > Notwithstanding any other provision of this section, if the Mayor, the Council, and the Authority jointly develop a financial plan and budget for the fiscal year which meets the requirements applicable under section 201 and which the Mayor, Council, and Authority certify reflects a consensus among them— > > > #### “(1) > > such financial plan and budget shall serve as the budget of the District government for the fiscal year adopted by the Council under section 446 of the District of Columbia Self-Government and Governmental Reorganization Act; and > > > #### “(2) > > the Mayor shall transmit the financial plan and budget to the President and Congress under such section.” > . ###

(c)Effective Date The amendment made by subsection

(b)shall apply with respect to fiscal years beginning with fiscal year 1998.