WILLIAM DONALD SCHAEFER, Governor

Ch. 122

Article - Financial Institutions
[13-709.

(a)  At least 90 days prior to selecting a facility site,
the Authority shall hold a public hearing within 5 miles of the
site proposed to be acquired for the purpose of soliciting public
comment.

(b)  (1) At least 90 days prior to the public hearing
required by this section, the Authority shall notify the local
governing body in which the facility is proposed to be located,
and advertise the notice in a newspaper of general circulation in
that locality.

(2) The notice required by this subsection shall
include:

(i) A description of the site proposed to be
acquired;

(ii) The intended use of the site; and

(iii) The date, time, and location of the
public hearing.

(c)  (1) At least 30 days before acquiring or entering into
a lease involving a facility site and before entering into a
construction contract involving a new facility or facility site,
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.

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