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<baltimore-city-law heading="§ 7-17 Dissolution of District.">
  <section prefix="§" num="7-17" heading="Dissolution of District.">
    <para num="(a)" heading="Dissolution on certain events.">If the District is not approved as provided in § 7-15 {“Election approval process”} of this subtitle or is not renewed as provided in § 7-16 {“4-year reviews”} of this subtitle, 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 shall revert back to the City’s general fund.</para>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §266</annotation>
    <annotation type="History">Ord. 95-613</annotation>
    <annotation type="History">Ord. 99-432</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §267</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §268</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §269</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §270</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §271</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §272</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §273(a), (b)(1), (b)(3)</annotation>
    <annotation type="History">Ord. 15-435</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §273(b)(2), (c)</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §273(d)</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §273(e)</annotation>
    <annotation type="History">Ord. 04-672</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §273(f)</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §274</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §275</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §276</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §277</annotation>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 1, §278</annotation>
    <annotation type="Editor's Notes">By a series of enactments (the most recent being Resolution 20-017), the Mayor and City Council has continued the Authority and District through June 30, 2024.</annotation>
    <annotation type="History" />
    <annotation type="History" />
    <annotation type="History" />
    <annotation type="History" />
    <annotation type="History" />
  </section>
</baltimore-city-law>
