§ 44–951.19. Dissolution.
*NOTE: This section includes amendments by temporary legislation that will expire on April 3, 2022. To view the text of this section after the expiration of all emergency and temporary legislation, click this link: Permanent Version.*
(a) By December 31, 2024, the United Medical Center shall cease admitting new patients.
(b) By December 31, 2024, the United Medical Center shall cease patient operations.
(c) On December 31, 2024, the Corporation shall dissolve. All of its assets (including cash, accounts receivable, reserve funds, real or personal property, and contract and other rights), positions, personnel, and records, and the unexpended balances of appropriations, allocations, and other funds available or to be made available to it, shall revert to the District.
(d) The Office of the Chief Financial Officer shall ensure that the Fiscal Year 2025 year-end audit for the Not-for-Profit Hospital Corporation is executed properly.