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cated from the emergency reserve fund during the pre-
ceding fiscal years so that not less than 50 percent of 
any amount allocated in the preceding fiscal year or 
the amount necessary to restore the emergency reserve 
fund to the 2 percent required balance, whichever is 
less, is replenished by the end of the first fiscal year 
following each such allocation and 100 percent of the 
amount allocated or the amount necessary to restore 
the emergency reserve fund to the 2 percent required 
balance, whichever is less, is replenished by the end 
of the second fiscal year following each such alloca-
tion.’’. 
(2) Subsection (b) is amended as follows: 
(A) Paragraph (1) is amended to read as 
follows: 
‘‘(1) IN GENERAL.—There is established a con-
tingency cash reserve fund (‘contingency reserve 
fund’) as an interest-bearing account, separate from 
other accounts in the General Fund, into which the 
Mayor shall make a deposit in cash not later than 
October 1 of each fiscal year of such amount as may 
be required to maintain a balance in the fund of at 
least 4 percent of the operating expenditures as de-
fined in paragraph (2) of this subsection or such 
amount as may be required for deposit in a fiscal
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year in which the District is replenishing the emer-
gency reserve fund pursuant to subsection (b)(6).’’. 
(B) Paragraph (2) is amended to read as 
follows: 
‘‘(2) IN GENERAL.—For the purpose of this sub-
section, operating expenditures is defined as the 
amount reported in the District of Columbia’s Com-
prehensive Annual Financial Report for the fiscal 
year immediately preceding the current fiscal year as 
the actual operating expenditure from local funds, less 
such amounts that are attributed to debt service pay-
ments for which a separate reserve fund is already es-
tablished under this Act.’’. 
(C) Paragraph (6) is amended to read as 
follows: 
‘‘(6) REPLENISHMENT.—The District of Colum-
bia shall appropriate sufficient funds each fiscal year 
in the budget process to replenish any amounts allo-
cated from the contingency reserve fund during the 
preceding fiscal years so that not less than 50 percent 
of any amount allocated in the preceding fiscal year 
or the amount necessary to restore the contingency re-
serve fund to the 4 percent required balance, which-
ever is less, is replenished by the end of the first fiscal 
year following each such allocation and 100 percent
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of the amount allocated or the amount necessary to 
restore the contingency reserve fund to the 4 percent 
required balance, whichever is less, is replenished by 
the end of the second fiscal year following each such 
allocation.’’. 
SEC. 334. For fiscal year 2005, the Chief Financial 
Officer shall re-calculate the emergency and contingency 
cash reserve funds amount established by Section 450A of 
the District of Columbia Home Rule Act, approved Decem-
ber 24, 1973 (87 Stat. 803; D.C. Official Code, sec. 1– 
204.50a), as amended by this Act and is authorized to 
transfer funds between the emergency and contingency cash 
reserve funds to reach the required percentages: Provided, 
That for fiscal year 2005, the Chief Financial Officer may 
transfer funds from the emergency and contingency cash re-
serve funds to the general fund of the District of Columbia 
to the extent that such funds are not necessary to meet the 
requirements established for each fund: Provided further, 
That the Chief Financial Officer may not transfer funds 
from the emergency or the contingency reserve funds to the 
extent that such a transfer would lower the fiscal year 2005 
total percentage below 7 percent of operating expenditures, 
as amended by this Act. 
SEC. 335. Section 6 of the Policemen and Firemen’s 
Retirement and Disability Act, approved August 21, 1957
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(Public Law 85–157; 71 Stat. 399; D.C. Official Code § 5– 
732) is amended by striking the phrase ‘‘of this chapter, 
to the extent that such benefit payments exceed the deduc-
tions from the salaries of federal employees for credit to the 
revenues of the District of Columbia.’’ and inserting the 
phrase ‘‘of this chapter and to reimburse the District of Co-
lumbia for the administrative costs associated with making 
such benefit payments for credit to the revenues of the Dis-
trict of Columbia: Provided, That benefit payment reim-
bursement shall only be to the extent that such benefit pay-
ments exceed the deductions from the salaries of federal em-
ployees.’’ in its place. 
SEC. 336. Notwithstanding any other provision of this 
Act, there is hereby appropriated for the Office of the In-
spector General such amounts in local funds, as are con-
sistent with the annual estimates for the expenditures and 
appropriations necessary for the operation of the Office of 
the Inspector General as prepared by the Inspector General 
and submitted to the Mayor and forwarded to the Council 
pursuant to D.C. Official Code 2–302.08(a)(2)(A) for fiscal 
year 2005: Provided, That the Office of the Chief Financial 
Officer shall take such steps as are necessary to implement 
the provisions of this subsection. 
SEC. 337. The authority which the Chief Financial Of-
ficer of the District of Columbia exercised with respect to