HARRY HUGHES, Governor                                       1169

THE AUTHORITY SHALL SUBMIT A DETAILED WRITTEN REPORT AND FINDINGS
OF THE AUTHORITY THAT JUSTIFY THE PROPOSED ACQUISITION, LEASE, OR
CONTRACT TO THE GENERAL ASSEMBLY AND THE BOARD OF PUBLIC WORKS.

(2) THE REPORT AND FINDINGS OF THE AUTHORITY SHALL
INCLUDE:

(I) A DETAILED PLAN OF THE METHOD OF FUNDING
THE ACQUISITION, LEASE, OR CONTRACT;

(II) THE ECONOMIC NECESSITY OF THE PROPOSED
ACQUISITION, LEASE, OR CONTRACT;

(III) A DETAILED COMPARATIVE ANALYSIS BETWEEN
THE COSTS AND BENEFITS OF THE SITE OR FACILITY PROPOSED TO BE
ACQUIRED, LEASED, OR CONSTRUCTED AND THE COSTS AND BENEFITS OF
MAKING IMPROVEMENTS TO THE EXISTING BALTIMORE MEMORIAL STADIUM;
AND

(IV) A DETAILED ANALYSIS JUSTIFYING THE REASONS
FOR ACQUIRING A SITE OR FOR CONSTRUCTING A NEW FACILITY, INSTEAD
OF USING THE BALTIMORE MEMORIAL STADIUM IN ITS PRESENT CONDITION
OR A RENOVATED STATE.

(3) UPON SELECTION OF A SITE OR AT LEAST 30 DAYS
PRIOR TO ACQUIRING OR ENTERING INTO A LEASE INVOLVING A FACILITY
SITE, WHICHEVER IS EARLIER, THE AUTHORITY SHALL NOTIFY IN WRITING
THE LEGISLATIVE POLICY COMMITTEE.

(D) THE AUTHORITY SHALL RECEIVE THE PRIOR APPROVAL OF THE
BOARD OF PUBLIC WORKS AND THE GENERAL ASSEMBLY FOR ANY CONTRACT
INVOLVING THE LEASE OR ACQUISITION OF A FACILITY SITE, AND THE
BOARD OF PUBLIC WORKS FOR ANY CONSTRUCTION CONTRACT INVOLVING A
FACILITY OR FACILITY SITE.

(D) THE AUTHORITY SHALL RECEIVE THE PRIOR APPROVAL OF THE
BOARD OF PUBLIC WORKS AND THE GENERAL ASSEMBLY FOR THE
ACQUISITION OF THE SITE FOR THE STADIUM, WHETHER THE ACQUISITION
IS BY PURCHASE. LEASE. OR GIFT. CONTRACTS FOR THE ACQUISITION OF
ANY FACILITY SITE OR THE CONSTRUCTION OF THE FACILITY OR FACILITY
SITE SHALL RECEIVE THE PRIOR APPROVAL OF THE BOARD OF PUBLIC
WORKS.

(E) THE TIME PERIODS IN SUBSECTIONS (A), (B), AND (C)(3) OF
THIS SECTION MAY NOT RUN CONCURRENTLY. THE TIME PERIODS FOR
SUBSECTION (C)(1) AND (3) MAY RUN CONCURRENTLY.

9-1210. 13-710.

(A) IN ADDITION TO THE POWERS GRANTED UNDER THIS SUBTITLE,
BUT AS LIMITED IN SUBSECTION (B) OF THIS SECTION, THE AUTHORITY
MAY ESTABLISH, DEVELOP, ACQUIRE, OWN, OPERATE, MANAGE, PROMOTE,

AND SELL EVENTS, EXPOSITIONS, TEAMS, TEAM FRANCHISES, OR

MEMBERSHIP IN PROFESSIONAL SPORTS LEAGUES.