<?xml version='1.0' encoding='utf-8'?>
<baltimore-city-law heading="§ 7-7 Annual Financial Plan.">
  <section prefix="§" num="7-7" heading="Annual Financial Plan.">
    <para num="(a)" heading="Board to adopt.">The Board shall adopt an annual financial plan (the “Financial Plan”), based on the City’s fiscal year, consisting of:<para num="(1)">a proposed schedule of taxes or charges to be imposed throughout the District; and</para>
      <para num="(2)">a proposed budget.</para>
    </para>
    <para num="(b)" heading="Public hearing.">
      <para num="(1)">Before adopting the Financial Plan, the Board shall arrange for a public hearing.</para>
      <para num="(2)">Notice of the public hearing on the Financial Plan:<para num="(i)">shall be published in a newspaper of general circulation in Baltimore City at least once a week for 3 consecutive weeks; or</para>
        <para num="(ii)">may be given by alternative means in the event that State law permits alternative methods of providing public notice.</para>
      </para>
    </para>
    <para num="(c)" heading="Board of Estimates approval required.">The Authority may not approve a Financial Plan that includes taxes or charges in excess of those approved by the Board of Estimates.</para>
    <para num="(d)" heading="First Financial Plan.">
      <para num="(1)">The first Financial Plan may be for less than a full fiscal year.</para>
      <para num="(2)">The initial Financial Plan for the Authority shall include all of the fiscal year ending on June 30, 2026, and may include the costs of preparing the Financial Plan and implementing the Authority and the District, so long as such costs were incurred during that fiscal year.</para>
      <para num="(3)">If the Authority is not implemented as a result of the operation of § 7-15 of this subtitle, neither the Authority nor the District, nor the City, shall have any liability for costs incurred prior to the initiation of operations, whether or not incurred by the Administrator or on behalf of the District or the Authority.</para>
    </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>
