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SEC. 134. None of the Federal funds appropriated
under this Act shall be expended for any abortion except
when it is made known to the entity or official to which
funds are appropriated under this Act that such procedure
is necessary to save the life of the mother or that the preg-
nancy is the result of an act of rape or incest.
INDEPENDENT AUDIT OF RETIREMENT BOARD
SEC. 135. (a) IN GENERAL.—The District of Colum-
bia Retirement Board shall enter into an agreement with
an independent firm meeting the qualifications described
in subsection (b) to prepare and submit to the Retirement
Board a written set of findings and recommendations not
later than 6 months after the date of the enactment of
this Act regarding the appropriateness and adequacy of
the Retirement Board’s fiduciary, management, and in-
vestment practices and procedures.
(b) QUALIFICATIONS FOR FIRM.—A firm meets the
qualifications described in this subsection if the firm has
a demonstrated expertise in the areas of investment and
investment consulting, particularly with respect to—
(1) the review and analysis of the investment
portfolios of large public pension funds;
(2) the investment practices of the managers of
such funds;
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(3) the relationship of such practices to the fi-
duciary responsibilities of the managers of such
funds; and
(4) the analysis of the investment returns
achieved by such funds on both an absolute and
risk-adjusted basis.
(c) REPORT TO CONGRESS.—Not later than 30 days
after receiving the findings and recommendations provided
under subsection (a), the Retirement Board shall submit
a report to the Committee on the District of Columbia
of the House of Representatives, the Committee on Gov-
ernmental Affairs of the Senate, and the Committees on
Appropriations of the House of Representatives and the
Senate on the findings and recommendations.
(d) EXPENDITURE
OF
FUNDS.—The Retirement
Board shall spend not less than $250,000 from investment
earnings to carry out this section. No additional funds
may be provided by the Mayor of the District of Columbia
to the Retirement Board to carry out this section.
MUNICIPAL FISH WHARF
SEC. 136. None of the funds appropriated in this Act
shall be obligated or expended on any proposed change in
either the use or configuration of, or on any proposed im-
provement to, the Municipal Fish Wharf until such pro-
posed change or improvement has been reviewed and ap-
proved by Federal and local authorities including, but not
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limited to, the National Capital Planning Commission, the
Commission of Fine Arts, and the Council of the District
of Columbia, in compliance with applicable local and Fed-
eral laws which require public hearings, compliance with
applicable environmental regulations including, but not
limited to, any amendments to the Washington, D.C.
urban renewal plan which must be approved by both the
Council of the District of Columbia and the National Cap-
ital Planning Commission.
FINANCIAL REPORTING
SEC. 137. (a) SUBMISSION OF QUARTERLY FINAN-
CIAL REPORTS.—Not later than fifteen days after the end
of every calendar quarter (beginning October 1, 1994), the
Mayor shall submit to the Committee on the District of
Columbia of the House of Representatives, the Committee
on Governmental Affairs of the Senate, and the Sub-
committees on District of Columbia Appropriations of the
House of Representatives and the Senate a report on the
financial and budgetary status of the government of the
District of Columbia for the previous quarter.
(b) CONTENTS OF REPORT.—Each report submitted
under subsection (a) with respect to a quarter shall in-
clude the following information:
(1) A comparison of actual to forecasted cash
receipts and disbursements for each month of that
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quarter, as presented in the District’s fiscal year
consolidated cash forecast.
(2) A projection of the remaining months’ cash
forecast for that fiscal year.
(3) Explanations of (a) the differences between
actual and forecasted cash amounts for each of the
months in the quarter, and (b) the changes in the
remaining months’ forecast as compared to the origi-
nal forecast for those months of that fiscal year.
(4) The effect of these changes, actual and pro-
jected, on the total cash balance of the remaining
months and for the fiscal year.
SPENDING REDUCTIONS
SEC. 138. (a) REDUCTION IN FISCAL YEAR 1995 EX-
PENSES.—
(1) IN GENERAL.—In addition to any other re-
duction required by this Act, the total amount ap-
propriated in this title for the District of Columbia
for fiscal year 1995 under the caption ‘‘Division of
Expenses’’ is hereby reduced by $150,000,000. The
reduction shall be allocated by the Mayor of the Dis-
trict among the various appropriation headings
under such caption (excluding the ‘‘Rainy Day
Fund’’) and shall be taken only from expenses for
personal and nonpersonal services.
(2) REPORTING REQUIREMENTS.—
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(A) IMPLEMENTATION
PLAN.—Not later
than 30 days after the date of the enactment of
this Act, the Mayor of the District of Columbia
shall submit to the Congress a report setting
forth a detailed plan for the implementation of
the reduction made by paragraph (1).
(B) PLAN REVISIONS.—The Mayor may at
any time revise the implementation plan sub-
mitted under subparagraph (A). Not later than
30 days after making any such revision, the
Mayor shall submit to the Congress a report
setting forth a detailed description and jus-
tification of such revision.
(C) REVISED CASH FLOW STATEMENTS.—
Each report required by subparagraph (A) or
(B) shall include a revised cash flow statement
for the government of the District that incor-
porates the reduction made by paragraph (1)
and the allocation of the reduction under the
plan or plan revisions submitted under this
paragraph.
(D) SUPPLEMENTAL
BUDGET
SUBMIS-
SION.—Any supplemental budget request for
fiscal year 1995 submitted by the District to
the Congress shall incorporate the reduction