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<section article="gec" article_name="Economic Development" number="10-652.3" 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 Football Sports Facility Capital Works Fund.</text>
  </level>
  <level label="b">
    <text>There is a Camden Yards Football Sports Facility Capital Works Fund.</text>
  </level>
  <level label="c">
    <text>The purpose of the Fund is to enable the Authority to pay all expenses related to capital improvements and repairs at the Camden Yards football sports facility.</text>
  </level>
  <level label="d">
    <text>The Authority shall administer the Fund.</text>
  </level>
  <level label="e">
    <level label="1">
      <text>The Fund is a special, 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">
    <text>The Fund consists of:</text>
    <level label="1">
      <text>money appropriated in the State budget to the Fund;</text>
    </level>
    <level label="2">
      <text>to the extent considered appropriate by the Authority, proceeds from the sale of bonds concerning the Camden Yards football sports facility;</text>
    </level>
    <level label="3">
      <text>interest earnings; and</text>
    </level>
    <level label="4">
      <text>any other money from any other source accepted for the benefit of the Fund.</text>
    </level>
  </level>
  <level label="g">
    <level label="1">
      <text>The Fund may be used only for:</text>
      <level label="i">
        <text>capital improvements or capital repairs at or for the benefit of the Camden Yards football sports facility; and</text>
      </level>
      <level label="ii">
        <text>to the extent funds in the Camden Yards Football Sports Facility Emergency Repair Fund established under § 10–652.4 of this subtitle are insufficient, emergency repairs.</text>
      </level>
    </level>
    <level label="2">
      <text>The Fund may not be:</text>
      <level label="i">
        <text>pledged to or charged with Authority borrowing;</text>
      </level>
      <level label="ii">
        <text>used for payment of debt service; or</text>
      </level>
      <level label="iii">
        <text>used for the associated charges, expenses, or management of Authority obligations related to Authority bonds.</text>
      </level>
    </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 money may be invested.</text>
    </level>
    <level label="2">
      <text>Any interest earnings of the Fund 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>
