HARRY HUGHES, Governor

1905

and thereafter shall be credited on the books of the State
Comptroller and expended, upon approval by the Board of
Public Works, for the following public purposes including
any applicable architects' and engineers' fees: for a State
grant to the Mayor and City Council of Baltimore for
planning designing and constructing expanded seating
capacity and other improvements to Memorial Stadium on 33rd
Street in the City of Baltimore.

(4) There is hereby levied and imposed an annual State
tax on all assessable property in the State in rate and
amount sufficient to pay the principal of and interest on
the bonds as and when due and until paid in full, such
principal to be discharged within fifteen years of the date
of issue of the bonds.

(5)  In each of fifteen consecutive years commencing
July 1, 1981 the Comptroller of the Treasury shall deduct
the sum of $800,000 from amounts due to Baltimore City from
the Admissions and Amusement Tax in equal quarterly
installments, which amounts shall be transferred to the
Annuity Bond Fund for partial payment of the principal of
and interest on the Loan. In the event that the
professional sports team known as the Baltimore Orioles or
its successor moves to a location within Maryland that is
outside the corporate limits of Baltimore City, the $800,000
deduction from Baltimore City shall be reduced to $400,000
and the sum of $400,000 shall be deducted by the Comptroller
from the amounts due to the county or municipality in which
the Baltimore Orioles relocate from the Admissions and
Amusement Tax or from amounts due to the county or
municipality from the Local Income Tax in equal quarterly
installments. This sum of $400,000 shall be transferred to
the Annuity Bond Fund for partial payment of the principal
and interest on the Loan.

(6)  Prior to the payment of any funds under the
provisions of the Act for the purposes set forth in Section
1 (3) above, (a) the Mayor and City Council of Baltimore, or
one of its agencies, shall enter into a valid and binding
agreement satisfactory to the State of Maryland, acting
through the Board of Public Works, with the corporation
known generally as the Baltimore Colts or its successor (the
"Colts") that the professional sports team owned and
operated by it will continue to make full and regular use of
Memorial Stadium until at least January 1, 1996, and (b) the
Colts shall enter into an agreement with the State of
Maryland, acting through the Board of Public Works,
acceptable to the Board, that provides that, if the Colt's
team or any successor franchise team of the National
Football League does not make full and regular use of
Memorial Stadium until at least January 1, 1996, the Colts
will pay annually to the State of Maryland an amount equal
to the amount of the outstanding principal of and interest
due on the Loan, less the amount described in Section 1 (5)
above, until the principal of the Loan has been discharged.
These agreements may provide that the Colts may assign the