§46-109  Termination of a tax increment
district.  A tax increment district shall terminate at the time designated
in the ordinance creating the district or at an earlier time designated by a
subsequent ordinance, but in no event shall the district terminate until such
time as all project costs and tax increment bonds issued for the district and
the interest thereon, have been paid in full, or sufficient funds have been
irrevocably deposited in a special fund or other escrow account held in trust
for all outstanding tax increment bonds issued for such district to provide for
the payment of such bonds at maturity or date of redemption and interest and
premium, if any, thereon. [L 1985, c 267, pt of §1]