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<section article="gec" article_name="Economic Development" number="10-652.2" 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 Camden Yards Baseball Sports Facility Supplemental Financing Fund.</text>
  </level>
  <level label="b">
    <text>There is a Camden Yards Baseball Sports Facility Supplemental Financing Fund.</text>
  </level>
  <level label="c">
    <text>The purpose of the Fund is to enable the Authority to:</text>
    <level label="1">
      <text>use the Fund as a revolving fund for implementing this subtitle as it relates to the Camden Yards baseball sports facility; and</text>
    </level>
    <level label="2">
      <text>pay any expenses incurred by the Authority that are related to the Camden Yards baseball sports facility.</text>
    </level>
  </level>
  <level label="d">
    <text>The Authority shall administer the Fund.</text>
  </level>
  <level label="e">
    <level label="1">
      <text>The Fund is a continuing, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article.</text>
    </level>
    <level label="2">
      <text>The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.</text>
    </level>
  </level>
  <level label="f">
    <level label="1">
      <text>To the extent considered appropriate by the Authority, the receipts of the Fund shall be pledged to and charged with the following related to the Camden Yards baseball sports facility:</text>
      <level label="i">
        <text>payment of debt service on Authority bonds;</text>
      </level>
      <level label="ii">
        <text>all reasonable charges and expenses related to the Authority’s borrowing; and</text>
      </level>
      <level label="iii">
        <text>the management of Authority obligations.</text>
      </level>
    </level>
    <level label="2">
      <text>The pledge shall be effective as provided in any applicable Authority resolution.</text>
    </level>
  </level>
  <level label="g">
    <text>The Fund consists of:</text>
    <level label="1">
      <text>money distributed to the Fund under § 9–120(b) of the State Government Article;</text>
    </level>
    <level label="2">
      <text>money appropriated for deposit in the Fund;</text>
    </level>
    <level label="3">
      <text>proceeds from the sale of bonds concerning the Camden Yards baseball sports facility;</text>
    </level>
    <level label="4">
      <text>revenues collected or received from any source under this subtitle related to the Camden Yards baseball sports facility;</text>
    </level>
    <level label="5">
      <text>any interest earnings of the Fund; and</text>
    </level>
    <level label="6">
      <text>any additional money made available from any source for the purposes established for the Fund.</text>
    </level>
  </level>
  <level label="h">
    <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 or interest 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 of the State or any special fund of the State.</text>
    </level>
  </level>
</section>
