# Economic Development (GEC)

## Title 10. Statewide Development Resources and Revenue Authorities

### Subtitle 6. Maryland Stadium Authority

#### Section 10-614

Subject to the approval of the Board of Public Works, the Authority may:

(1) borrow money from any source for any corporate purpose, including working capital for its operations, reserve funds, or interest;

(2) mortgage, pledge, or otherwise encumber the property or funds of the Authority;

(3) contract for the services of any person in connection with any financing, including financial institutions, issuers of letters of credit, or insurers; and

(4) receive and accept from any public or private source contributions, gifts, or grants of money or property and invest the money or property as a whole or in part.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)