§ 7-14. Oversight by Board of Estimates.

(a) In general.

The Board of Estimates shall have the following powers with regard to the District and the Authority.

(b) Establishment of full Board.

The full Board proposed by the interim Board in accordance with § 7-6 of this subtitle shall be subject to the approval of the Board of Estimates.

(c) Financial Plan; rates and charges.

(1) The Financial Plan and the schedule of rates and charges shall be subject to the approval of the Board of Estimates.

(2) Beginning with the Financial Plan for fiscal year 1997, the Board shall submit all materials at least 2 months prior to the proposed effective date of a budget or Supplemental Tax.

(3) In considering a proposed budget and schedule of taxes and charges, the Board of Estimates shall not have the power to exceed or increase either the budget or the schedule of taxes, rates, and charges beyond those proposed by the Authority.

(d) Bylaws.

The Board of Estimates shall review and approve the initial bylaws of the Authority and any proposed amendments thereto.

(e) Approval and renewal process.

The Board of Estimates shall be the final arbiter and decision maker regarding the approval and renewal process for the District specified in this subtitle.