If the District is not approved as provided in <cite data-path="|14|§8-15">§ 8-15 of this subtitle</cite>, or is not renewed as provided in <cite data-path="|14|§8-16">§ 8-16 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. The Authority shall continue its existence only as long as necessary to:terminate operations in a reasonable fashion; and arrange for the refunding of all funds not needed to satisfy outstanding obligations and reserves for uncertain obligations and liabilities. Any unspent funds revert to the City’s general fund. Ord. 07-417