A.
Any authority delineated in § 5-203.01 of the Administrative Code of Allegheny County or created wholly by Allegheny County under the terms of the Municipality Authorities Act, 53 P.S. § 5601 et seq., shall be dissolved upon the enactment of a County ordinance containing the following elements:
(1)
Explicit language accomplishing the dissolution of a specific, named authority created wholly by Allegheny County under the terms of the Municipality Authorities Act; and
(2)
Specific delineation of the activity or activities of the authority to be assumed by the County; and
(3)
Delegation of the assumed function(s) to one or more specific agencies or other entities within the County government; and
(4)
Delineation of the revenues of the dissolved authority to be assumed by the County, and a description of the fund into which they will be deposited.
B.
The provisions of this section shall not be construed to authorize the dissolution of any authority where such dissolution would violate the express terms of an in-force contract, but the enactment of a dissolution ordinance under the terms of this section shall be deemed to both:
(1)
Preclude the extension, renewal, or any other lengthening of the term of an in-force contract subsequent to the date of enactment of the dissolution ordinance; and
(2)
Automatically dissolve the named authority at the conclusion of the term of the in-force contract that was running at the time at which the ordinance was enacted, without further action by the County.