§ 12. Special funds for education.

(a) Authorization.

(1) By Ordinance, the Mayor and City Council of Baltimore may establish 1 or more continuing, nonlapsing funds for purposes of enhancing the educational environment in Baltimore City by creating modern, state-of-the-art schools.

(2) These purposes include supporting and augmenting programs and activities of the Baltimore City Public School System that are designed to:

(i) increase new school construction;

(ii) renovate and improve existing City school building;

(iii) renew athletic facilities and provide recreational equipment and supplies; and

(iv) modernize education-related equipment and supplies.

(b) Revenue sources.

A fund established under this section may comprise:

(1) money appropriated to the fund in the annual Ordinances of Estimates; and

(2) grants or donations made to the fund.

Notwithstanding any other provision of this Charter, unspent portions of a fund established under this section:

(1) remain in the fund, to be used exclusively for their ordained purposes;

(2) do not revert to the general revenues of the City; and

(3) their appropriations do not lapse.