Ch. 705

LAWS OF MARYLAND

(10)  The principal of and interest on any revenue
bonds issued under this subsection shall be exempt from taxation
in the State of Maryland as provided in § 6-103 of this article.

(11)  These provisions may not be construed to prevent
the Commission from voluntarily applying to the payment of the
principal of and interest on any revenue bonds issued under this
subsection, either upon maturity or redemption, its general funds
not otherwise committed. This authority shall be deemed to
include the power to retire an entire issue of revenue bonds from
the proceeds of general obligation refunding bonds issued by the
Commission pursuant to the authority of § 6-104 of this article.
Upon the retirement of an issue of revenue bonds from the
revenues of the facility financed thereby from other funds of the
Commission, or by refunding as herein authorized, the Commission
may elect to continue to charge for the use or enjoyment of any
such facility, and may apply the revenues so derived to any other
function, purpose or objective of the Commission.

(12)  The Commission may adopt and, from time to time,
amend, reasonable rules and regulations for the use and enjoyment
by the general public of any facility financed under this
subsection. These rules and regulations may not be so drawn as
to exclude any person tendering the required fee or charge for
such use and enjoyment because of race, creed or color of such
person. Any lease of any such facility by the Commission shall
contain appropriate and enforceable covenants by the lessee to
comply with this limitation.]

[(g)] (F) (1) In order to carry out any of its purposes set
forth in Section 6-101(a) of this article, the Commission is
hereby authorized to borrow money to finance the cost of revenue
producing facilities in Montgomery County OR PRINCE GEORGE'S
COUNTY and to evidence such borrowing by issuing its bonds (which
term includes notes or other obligations pursuant to Section
6-101(a) of this article), payable as to principal and interest
solely from revenues of the Commission available for such purpose
from fees, rates, rents, or other charges received by the
Commission for the use of any such facilities, including such
revenues from facilities other than the facility or facilities
being financed by any such borrowing (the "revenues"), and to
secure any such borrowing by a pledge of the revenues.

(2) As used in this subsection, "cost" includes the
actual cost of constructing or acquiring a facility, the cost of
improving, restoring, remodeling, or enlarging any facility so
acquired, the cost of surveys, studies, drawings, architectural
and engineering plans and specifications, the cost of site
assembly, including legal proceedings, title fees and settlement
charges, the cost of issuance of bonds under this subsection,
including advertising and printing charges and legal fees, the
cost of: interest on any such bonds during construction of any
facility and for a period of 1 year after completion thereof,

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