WILLIAM DONALD SCHAEFER, Governor Ch. 540

(3)  A COMPREHENSIVE ECONOMIC ANALYSIS OF THE PROPOSED
USE OF THE FUNDS WHICH ESTIMATES:

(I)  THE ECONOMIC IMPACT TO THE STATE AND THE
LOCAL JURISDICTIONS AFFECTED;

(II)  A MINIMUM LEVEL OF NET ECONOMIC BENEFITS
TO THE PUBLIC SECTOR; AND

(III)  ANY OTHER APPROPRIATE FINANCIAL OR
ECONOMIC BENEFITS; AND

(4)  ANY OTHER ANALYSIS OR INFORMATION THAT IS
REQUESTED BY THE LEGISLATIVE POLICY COMMITTEE.

(I) (J) (K) FUNDS APPROPRIATED TO THE ECONOMIC DEVELOPMENT
OPPORTUNITIES PROGRAM FUND MAY NOT BE LOANED OR GRANTED FOR:

(1)  SUBSTITUTING FOR FUNDS FROM OTHER STATE OR LOCAL
PROGRAMS FOR WHICH A PROJECT MAY BE ELIGIBLE AND SUFFICIENT
RESOURCES EXIST;

(2)  PROJECTS WHICH DO NOT ARE NOT LIKELY TO ATTRACT
ATTRACT OR RETAIN EMPLOYMENT OPPORTUNITIES;

(3)  FUNDING PROJECTS LOCATED OUTSIDE THE STATE; OR

(4)  CONSTRUCTION OR LAND ACQUISITION BY THE MARYLAND
STADIUM AUTHORITY; OR

(5) ANY ACT THAT IS ILLEGAL OR PROHIBITED BY LAW
AUTHORITY; OR

(5)   FUNDING FOR ANY SPORTS ACTIVITY OR FACILITY.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1988.

Approved May 27, 1988.

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