§ 20-14. Oversight by Board of Estimates.

(a) In general.

The Board of Estimates has the following powers with regard to the District and the Association.

(b) Financial plan; Assessment rate.

(1) The financial plan and the District special assessment rate are subject to the approval by the Board of Estimates.

(2) The District Management Committee shall submit all materials at least 2 months before the proposed effective date of a budget or District special assessment.

(3) In considering a proposed budget and District special assessment rate, the Board of Estimates may not exceed or increase either the budget or the District special assessment rate beyond those proposed by the District Management Committee.

(c) Bylaws.

To the extent required by the Enabling Legislation, the Board of Estimates shall approve the bylaws and any proposed amendments of the District Management Committee.

(d) Approval and renewal process.

The Board of Estimates is the final arbiter and decision maker regarding the approval and renewal process for the District.