§ 30–210.01. Short-Term Rental Funding.

(a) The fiscal impact of revenue loss attributable to the provisions of subchapter I of this chapter, shall be offset by local fiscal year recurring revenues included in the Chief Financial Officer's June 2019 revenue estimate and all subsequent revenue estimates that exceed the annual revenue estimate incorporated in the approved budget and financial plan for Fiscal Year 2020 through Fiscal Year 2023, until subchapter I of this chapter is fully funded as certified by the Chief Financial Officer.

(b) In the June 2019 revenue estimate and each of the subsequent revenue estimates, the Chief Financial Officer shall certify:

(1) Whether and by what amount local fiscal year revenues included in the revenue estimate exceed the annual revenue estimate incorporated in the approved budget and financial plan for Fiscal Year 2020 through Fiscal Year 2023;

(2) Whether such excess revenues, together with the excess revenues identified pursuant to this subsection in prior revenue estimates, are in an amount sufficient to offset the fiscal impact of the revenue loss identified in subsection (a) of this section and, if not, the amount of additional excess revenue necessary to offset such fiscal impact; and

(3) That all such excess revenues, together with the excess revenues identified pursuant to this subsection in prior revenue estimates, have been set aside to ensure that subchapter I of this chapter be fully funded until such time as the Chief Financial Officer certifies that subchapter I of this chapter is fully funded.