1536

LAWS OF MARYLAND

Ch. 497

FOR the purpose of redefining the definition of "industrial
project" to mean the construction, equipping, or
financing of a certain sports arena or stadium used by
a certain professional team teams; and redefining this
definition to include a certain mercantile, retail, or
service establishment.

BY repealing and reenacting, with amendments,

Article - Financial Institutions
Section 13-101(g)
Annotated Code of Maryland

(As enacted by Chapter ____ (H.B. 1) of the Acts

of the General Assembly of 1980)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland

(as enacted by Chapter ____ (H.B. 1) of the Acts of the

General Assembly of 1980) be repealed, amended, or enacted
to read as follows:

Article - Financial Institutions

13-101.

(g) (1) "Industrial project" means any one or
more of the following:

(i) The construction, acquisition,
refinancing, rehabilitation, or improvement of:

1.  A new industrial or manufacturing
plant;

2.  A former industrial or
manufacturing plant;

3.  Buildings used mainly for storage
or transshipment of manufactured goods or agricultural or
seafood products; or

4.  Buildings used for research
RESEARCH and development for the discovery, perfection, or
evaluation of new processes or products;

(ii) The construction, equipping, or
financing of facilities for developing and producing
gasohol;

(iii) The construction, acquisition,
refinancing, rehabilitation, or improvement of:

1. Tourist or convention facilities,
which, if the authority finds that the facilities will be
used primarily by or for tourists or conventioneers, may
include mercantile, retail, and service establishments;