A district expires on the later of the following:

1. (1) Five (5) years after the date on which it is designated as a district by the executive of the qualified municipality.
2. (2) December 31, 2029.

As added by P.L.238-2017, SEC.4. Amended by P.L.78-2021, SEC.1; P.L.156-2024, SEC.5.