SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Financial Institutions

13-701.

(a)  In this subtitle the following words have the meanings
indicated.

(b)  "Authority" means the Maryland Stadium Authority.

(c)   "Facility" means:

(1)  Stadiums for the primary purpose of holding
professional football games, major league professional baseball
games, or both, in the Baltimore metropolitan area, as defined
under Regional Planning Council Law;

(2)  Practice fields, or other areas where
professional football or major league professional baseball teams
may practice or perform; and

(3)  Offices for professional football and major
league professional baseball teams or franchises.

(d)   "Facility" also means adjacent properties directly
related to an item listed in subsection (c) of this section,
including:

(1)  Parking lots;                                                         

(2)  Garages; and

(3)  Other properties.

(e)  An Authority facility may not be used to conduct
professional basketball games.

(f) The Authority may not construct or enter into a
contract to construct more than 1 new [stadium] FACILITY without
the further approval of the General Assembly.

13-702.

(a) There is a body corporate and politic known, as the
Maryland Stadium Authority.

(b)  The Authority is an instrumentality of the State and a
public corporation by that name, style, and title.

(c)   [For budgetary purposes, the Authority is a unit of the
Department of Economic and Community Development.] THE AUTHORITY

Ch. 123

LAWS OF MARYLAND

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