Section 2619. Capital repair and improvement account

At the end of any
  authority fiscal year the members of the  authority  shall  deposit  not
  less  than  twenty-five percent of the profits, if any, of the preceding
  year's operations into a sinking fund for capital improvements.  At  the
  discretion   of   the  members,  the  authority  may  undertake  capital
  improvements and major repairs to the participating  olympic  facilities
  and  to  the  Gore  Mountain ski center; provided, however, that no such
  repairs may be undertaken  without  specific  written  approval  by  the
  entity  which  contracted  with  the authority for the operation of said
  facility. Any such repairs or improvements to real property  shall  upon
  completion  become  the  property of and be vested in the owners of said
  real property. In the event of termination of the authority,  the  state
  and  the park district each shall receive fifty percent of all moneys in
  the sinking fund. If an agreement between the  authority  and  the  park
  district  or  the  state  shall  be terminated, the park district or the
  state, as the case may be, shall receive that portion of the  moneys  in
  the sinking fund it would have received if the authority were terminated
  as of the date of the termination of the agreement.