WILLIAM DONALD SCHAEFER, Governor Ch. 123

(3)  Revenues collected under the provisions of
Article 81, § 402(e) and (f) of the Code; [and]

(4)  Any other revenues under the jurisdiction of the

Authority; AND

(5)  ANY ADDITIONAL REVENUE, GIFT, DONATION, OR OTHER
SOURCE AUTHORIZED BY LAW.

(d)  The Authority shall pay all expenses and make all
expenditures from the Maryland Stadium Authority Financing Fund.

(e)  To the extent deemed appropriate by the Authority, the
receipts of the Fund shall be pledged to and charged with the
payment of debt service on Authority bonds and all reasonable
charges and expenses related to Authority borrowing and the
management of Authority obligations. The pledge shall be
effective as provided in § 13-712(f) and any applicable Authority
resolution.

13-718.

The Authority is exempt:

(1)  From taxation by the State and local government;

(2)  Except as provided in § 18-601 of the State
Finance and Procurement Article, from the provisions of Division
II AND DIVISION III of the State Finance and Procurement Article;
and

(3)  From the provisions of Article 64A of the Code.

13-719.

In addition to the duties set forth elsewhere in this
subtitle, the Authority shall:

(1) Keep records as are consistent with sound
business practices and accounting records using generally
accepted accounting principles;

(2) Cause an audit by an independent certified public
accountant to be made of the accounts and transactions of the
Authority at the conclusion of each fiscal year;

(3) Be subject to audit and examination at any
reasonable time of the accounts and transactions of the Authority
by the Division of Audits of the Department of Fiscal Services;

[and]

(4) Submit a detailed annual report of the activities
and financial standing of the Authority to the Governor, and

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