Federal Payment Reauthorization Act of 1994
Federal Payment Formula Revision Act of 1993 - Amends the District of Columbia Self-Government and Governmental Reorganization Act to provide that the authorization of appropriations for the annual Federal payment to the District of Columbia for a fiscal year (beginning with FY 1995) shall be an amount equal to the applicable percentage of the adjusted District General Fund revenues for the second fiscal year preceding such fiscal year, as such revenues are reported in the independent audit of the financial operations of the District of Columbia government and as reviewed by the Comptroller General.
Prohibits such authorization of appropriations for a fiscal year from being less than an amount equal to the average of the annual Federal payments made to the District of Columbia under this Act during the three fiscal years immediately preceding such fiscal year.
Amends the District of Columbia Code to include, in the annual independent audit of the District of Columbia's financial operations, a report of the adjusted District General Fund revenues for the fiscal year.
Requires the Comptroller General to submit an annual review to specified congressional committees of such annual report of the adjusted District General Fund revenues for the preceding fiscal year.
Became Public Law No: 103-373.