WILLIAM DONALD SCHAEFER, Governor                         Ch. 400

CONVENTION CENTER FACILITY AND ALL REASONABLE CHARGES AND EXPENSES
RELATED TO AUTHORITY BORROWING AND THE MANAGEMENT OF AUTHORITY
OBLIGATIONS RELATED TO THE CONVENTION CENTER FACILITY.

(2) THE PLEDGE SHALL BE EFFECTIVE AS PROVIDED IN § 13-712(F) §
13-712(E) AND ANY APPLICABLE AUTHORITY RESOLUTION.

(F) (1) THE CONVENTION CENTER FUND SHALL BE INVESTED AND
REINVESTED BY THE TREASURER IN THE SAME MANNER AS STATE FUNDS.

(2) ANY INVESTMENT EARNINGS SHALL BE TRANSFERRED TO THE
CREDIT OF THE CONVENTION CENTER FUND.

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] BY THE OFFICE
OF LEGISLATIVE AUDITS of the Department of Fiscal Services;

(4)     Submit a detailed annual report of the activities and financial standing
of the Authority to the Governor, and subject to § 2-1312 of the State Government
Article, to the General Assembly;

(5)     Submit annually a budget reflecting the operating and capital program
of the Authority to the Department of Budget and Fiscal Planning for inclusion for
informational purposes in the State Budget Book; [and]

(6)     Submit a report prepared in cooperation with the State Lottery Agency
and the Department of Budget and Fiscal Planning on the effect of the lotteries
conducted under Section 9-120.1 of the State Government Article on the lottery revenues
earned for the General Fund; AND

(7)      SUBMIT ANNUALLY A REPORT PREPARED IN COOPERATION WITH
THE OFFICE OF THE COMPTROLLER AND THE DEPARTMENT OF BUDGET AND
FISCAL PLANNING ON THE ADDITIONAL TAX REVENUES GENERATED BY THE
CONVENTION CENTER FACILITY.

13-720.

(a) For purposes of applying for, receiving, and entering into agreements in
connection with loans, grants, insurance, or other forms of financial assistance, the
Authority is:

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