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<section article="gec" article_name="Economic Development" number="10-658.1" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="6" subtitle_name="Maryland Stadium Authority">
  <level label="a">
    <text>There is a Supplemental Public School Construction Facilities Fund.</text>
  </level>
  <level label="b">
    <level label="1">
      <text>The Supplemental Public School Construction Facilities Fund is a continuing, nonlapsing fund that shall be available to implement this subtitle concerning public school facilities.</text>
    </level>
    <level label="2">
      <text>The Authority shall:</text>
      <level label="i">
        <text>use the Supplemental Public School Construction Facilities Fund as a revolving fund for carrying out this subtitle concerning public school facilities; and</text>
      </level>
      <level label="ii">
        <text>to the extent authorized by federal tax law, pay any and all expenses from the Supplemental Public School Construction Facilities Fund that are incurred by the Authority related to any public school facilities.</text>
      </level>
    </level>
  </level>
  <level label="c">
    <text>To the extent considered appropriate by the Authority, the money on deposit in the Supplemental Public School Construction Facilities Fund shall be used to pay the following related to public school facilities:</text>
    <level label="1">
      <text>debt service on Authority bonds;</text>
    </level>
    <level label="2">
      <text>design and construction costs related to public school facilities;</text>
    </level>
    <level label="3">
      <text>to the extent authorized by federal tax law, costs of start–up, administration, overhead, and operations related to the management of improvements to public school facilities authorized under this subtitle;</text>
    </level>
    <level label="4">
      <text>all reasonable charges and expenses related to the Authority’s administration of the Supplemental Public School Construction Facilities Fund and the Supplemental Public School Construction Financing Fund and management of the Authority’s obligations; and</text>
    </level>
    <level label="5">
      <text>if Prince George’s County submits a public–private partnership agreement to the Authority for review under § 4–126.1 of the Education Article, all reasonable expenses related to the Authority’s review of the public–private partnership agreement.</text>
    </level>
  </level>
  <level label="d">
    <text>The Supplemental Public School Construction Facilities Fund consists of:</text>
    <level label="1">
      <text>funds transferred from the Supplemental Public School Construction Financing Fund to the Supplemental Public School Construction Facilities Fund in accordance with § 10–649 of this subtitle;</text>
    </level>
    <level label="2">
      <text>any interest earnings of the Supplemental Public School Construction Facilities Fund; and</text>
    </level>
    <level label="3">
      <text>any additional money made available from any public source for the purposes established for the Supplemental Public School Construction Facilities Fund.</text>
    </level>
  </level>
  <level label="e">
    <level label="1">
      <text>The State Treasurer shall invest the money of the Supplemental Public School Construction Facilities Fund in the same manner as other State funds.</text>
    </level>
    <level label="2">
      <text>Any investment earnings shall be credited to the Supplemental Public School Construction Facilities Fund.</text>
    </level>
    <level label="3">
      <text>No part of the Supplemental Public School Construction Facilities Fund may revert or be credited to the General Fund or any special fund of the State.</text>
    </level>
  </level>
  <level label="f">
    <text>The money in the Supplemental Public School Construction Facilities Fund shall be used to supplement, and may not supplant, money appropriated to the Public School Construction Program established in Title 5, Subtitle 3 of the Education Article.</text>
  </level>
</section>
