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<section article="gec" article_name="Economic Development" number="10-611.2" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="6" subtitle_name="Maryland Stadium Authority">
  <level label="a">
    <text>In this section, “Fund” means the Major Sports and Entertainment Event Program Fund.</text>
  </level>
  <level label="b">
    <text>There is a Major Sports and Entertainment Event Program Fund.</text>
  </level>
  <level label="c">
    <level label="1">
      <text>The Major Sports and Entertainment Event Program Fund is a continuing, nonlapsing fund that shall be available to implement the Major Sports and Entertainment Event Program established under § 10–611.1 of this subtitle.</text>
    </level>
    <level label="2">
      <level label="i">
        <text>The Authority shall:</text>
        <level label="1">
          <text>use the Fund as a revolving fund for carrying out the provisions of § 10–611.1 of this subtitle; and</text>
        </level>
        <level label="2">
          <text>pay expenses from the Fund related to the Major Sports and Entertainment Event Program established under § 10–611.1 of this subtitle.</text>
        </level>
      </level>
      <level label="ii">
        <text>The Authority may use the Fund to pay administrative and operating costs of the Program including costs to market and advertise the Program.</text>
      </level>
    </level>
  </level>
  <level label="d">
    <text>The Fund consists of:</text>
    <level label="1">
      <text>money distributed to the Fund under § 9–120(b)(1)(ix) of the State Government Article;</text>
    </level>
    <level label="2">
      <text>money appropriated in the State budget to the Fund;</text>
    </level>
    <level label="3">
      <text>any interest earnings of the Fund; and</text>
    </level>
    <level label="4">
      <text>any additional money made available from any public source for the purposes established for the Fund.</text>
    </level>
  </level>
  <level label="e">
    <level label="1">
      <text>The State Treasurer shall invest the money of the Fund in the same manner as other State funds.</text>
    </level>
    <level label="2">
      <text>Any investment earnings shall be credited to the Fund.</text>
    </level>
    <level label="3">
      <text>No part of the Fund may revert or be credited to the General Fund or any special fund of the State.</text>
    </level>
  </level>
</section>
