<?xml version='1.0' encoding='utf-8'?>
<section article="gec" article_name="Economic Development" number="10-621" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="6" subtitle_name="Maryland Stadium Authority">
  <level label="a">
    <text>Except as provided in subsection (b) of this section, proceeds derived from the sale of permanent seat licenses at a professional sports stadium constructed in the State by the Authority for a professional sports team that relocates from another jurisdiction to the State may be used only for:</text>
    <level label="1">
      <text>amounts that are owed to a national sports league or association as a result of the costs of the relocation of a professional sports team from another jurisdiction to the State;</text>
    </level>
    <level label="2">
      <text>the design and construction costs of necessary training facilities;</text>
    </level>
    <level label="3">
      <text>the reasonable costs of moving and relocation, including:</text>
      <level label="i">
        <text>the physical movement of property;</text>
      </level>
      <level label="ii">
        <text>land and air travel costs;</text>
      </level>
      <level label="iii">
        <text>employee severance costs; and</text>
      </level>
      <level label="iv">
        <text>employee relocation costs;</text>
      </level>
    </level>
    <level label="4">
      <text>amounts owed to the other jurisdiction and other interested parties claiming rights because of the relocation of the professional sports team to the State, including any amounts paid to the other jurisdiction or interested parties to resolve the claims;</text>
    </level>
    <level label="5">
      <text>the repayment of bonds or other indebtedness incurred by or for the benefit of the team in connection with facilities that the relocated professional sports team used or occupied in the other jurisdiction;</text>
    </level>
    <level label="6">
      <text>payments to the Authority; or</text>
    </level>
    <level label="7">
      <text>other reasonable costs and expenses incurred or losses sustained because of the relocation.</text>
    </level>
  </level>
  <level label="b">
    <text>Proceeds derived from the sale of personal seat licenses that exceed the costs described in subsection (a) of this section:</text>
    <level label="1">
      <text>may not accrue directly to the benefit of an individual or private entity; and</text>
    </level>
    <level label="2">
      <text>shall be held by the Authority for stadium construction and maintenance of the professional sports stadium in the State the relocated professional sports team uses.</text>
    </level>
  </level>
</section>
