§ 10-17 Dissolution of District.
Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.
Balt., Md., Code art. 14, § 10-17 (2026)
§ 10-17 Dissolution of District.LinkCopy Citation
(a)Dissolution on certain events.
If the District is not approved as provided in <cite data-path="|14|§10-15">§ 10-15 of this subtitle</cite>, or is not renewed as provided in <cite data-path="|14|§10-16">§ 10-16 of this subtitle</cite>, the Authority shall cease its operations, and the District shall cease to exist, at the end of the City’s fiscal year in which the terminating event occurs.
(b)Limited continuation.
The Authority shall continue its existence only as long as necessary to:
(1)
terminate operations in a reasonable fashion; and
(2)
arrange for the refunding of all funds not needed to satisfy outstanding obligations and reserves for uncertain obligations and liabilities.
(c)Unspent funds.
Any unspent funds revert to the City’s general fund, except as necessary to secure a borrowing permitted under Section 10-4(b)(6). In no other circumstances may charges or taxes collected by the Authority become part of the general fund of the City.
History: Ord. 20-358