; and (ii) the Postmaster General shall submit the annual budget program for the relevant fiscal year to the Office of Management and Budget in accordance with section 2009 of title 39, United States Code. (D) Disapproval of financial plan and budget submitted by the Postmaster General (i) In general If the Board of Governors determines that the financial plan and budget for a fiscal year under paragraph (1) does not meet the requirements under paragraph (2) or is otherwise inadequate in addressing the financial situation of the Postal Service, the Board of Governors shall— (I) disapprove the financial plan and budget; (II) submit to each covered recipient a statement that describes the reasons for the disapproval; (III) direct the Postmaster General to appropriately revise the financial plan and budget for the Postal Service; and (IV) submit the revised financial plan and budget to each covered recipient. (ii) Submission to Office of Management and Budget Upon receipt of a revised financial plan and budget under clause (i)(IV), the Postmaster General shall submit the annual budget program for the relevant fiscal year to the Office of Management and Budget in accordance with section 2009 of title 39, United States Code. (E) Deadline for transmission of financial plan and budget by Board of Governors Notwithstanding any other provision of this paragraph, not later than September 30 of the fiscal year that precedes each fiscal year for which a financial plan and budget is required under paragraph (1), the Board of Governors shall submit to each covered recipient— (i) a notice of approval under subparagraph (C)(i)