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<section article="gec" article_name="Economic Development" number="10-657.6" 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 Prince George’s County Blue Line Corridor Facility Fund.</text>
  </level>
  <level label="b">
    <text>There is a Prince George’s County Blue Line Corridor Facility 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 a Prince George’s County Blue Line Corridor facility; and</text>
    </level>
    <level label="2">
      <text>pay any expenses incurred by the Authority that are related to a Prince George’s County Blue Line Corridor 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 reversion under § 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 a Prince George’s County Blue Line Corridor 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 the Authority’s obligations.</text>
      </level>
    </level>
    <level label="2">
      <text>The pledge shall be effective in the same manner as provided in § 10–634 of this subtitle.</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)(1)(xi) 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 a Prince George’s County Blue Line Corridor facility;</text>
    </level>
    <level label="4">
      <text>revenues collected or received from any source under this subtitle related to a Prince George’s County Blue Line Corridor 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">
    <text>The Authority shall pay from the Fund any and all expenses that are incurred by the Authority, or otherwise specifically approved by the Authority, relating to Prince George’s County Blue Line Corridor facilities.</text>
  </level>
  <level label="i">
    <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 interest earnings shall be credited to the Fund.</text>
    </level>
  </level>
</section>
