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Session Laws, 1987
Volume 769, Page 810   View pdf image
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Ch. 123                                    LAWS OF MARYLAND

(4) PARTICIPATE IN THE DESIGN REVIEW PROCESSES
CURRENTLY ESTABLISHED BY THE CITY OF BALTIMORE:.

(d) (G) This section does not affect the right of the
Authority to acquire an option OR INSTITUTE ANY CONDEMNATION
PROCEEDING for later acquisition of the property once the
approval required by this section is obtained.

13-712.

(a) (1) Subject to the prior approval of the Board of

Public Works, the Authority may at any time and from time to time

issue bonds for any corporate purpose, including the

establishment of reserves and the payment of interest. In this
subtitle the term "bonds" includes notes of any kind, interim

certificates,       refunding; bonds, or any other evidence of
obligation.

(2) The bonds of any issue shall be payable solely
from the property or receipts of the Authority, including,
without limitation:

(i) Taxes, fees, charges, or other revenues
payable to the Authority;

(ii) Payments by financial institutions,
insurance companies, or others pursuant to letters or lines of
credit, policies of insurance, or purchase agreements;

(iii) Investment earnings from funds or
accounts maintained pursuant to a bond resolution or trust
agreement; [and]

(iv) Proceeds of refunding bonds; AND

(V) ANY OTHER SOURCE AUTHORIZED BY LAW.

13-715.

(a)  There is a Maryland Stadium Authority Financing Fund.

(b)  The Authority shall use the Maryland Stadium Authority
Financing Fund as a nonlapsing revolving fund for carrying out
the provisions of this subtitle.

(c)  All of the following receipts of the Authority shall be
placed in the Maryland stadium Authority Financing Fund:

(1)  Proceeds from the sale of bonds;                             

(2)  Revenues collected or received from any source
under the provisions of this subtitle;

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Session Laws, 1987
Volume 769, Page 810   View pdf image
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