<?xml version='1.0' encoding='utf-8'?>
<baltimore-city-law heading="§ 10-17 Dissolution of District.">
  <section prefix="§" num="10-17" heading="Dissolution of District.">
    <para num="(a)" heading="Dissolution on certain events.">If the District is not approved as provided in &lt;cite data-path="|14|§10-15"&gt;§ 10-15 of this subtitle&lt;/cite&gt;, or is not renewed as provided in &lt;cite data-path="|14|§10-16"&gt;§ 10-16 of this subtitle&lt;/cite&gt;, 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.</para>
    <para num="(b)" heading="Limited continuation.">The Authority shall continue its existence only as long as necessary to:<para num="(1)">terminate operations in a reasonable fashion; and</para>
      <para num="(2)">arrange for the refunding of all funds not needed to satisfy outstanding obligations and reserves for uncertain obligations and liabilities.</para>
    </para>
    <para num="(c)" heading="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.</para>
    <annotation type="History">Ord. 20-358</annotation>
  </section>
</baltimore-city-law>
