WILLIAM DONALD SCHAEFER, Governor                         Ch. 400

(II)     OFFICES, PARKING LOTS, GARAGES, ACCESS ROADS, HOTELS,
RESTAURANTS, RAILROAD SIDINGS, AND ANY OTHER PROPERTY, STRUCTURES,
FURNISHINGS OR EQUIPMENT FUNCTIONALLY RELATED TO THE FACILITIES
DESCRIBED IN SUBPARAGRAPH (I) OF THIS PARAGRAPH; AND

(III)   OTHER FACILITIES AND PROPERTIES USED OR USEFUL OR
HAVING PRESENT CAPACITY FOR FUTURE USE AS, OR IN CONNECTION WITH,
CONVENTION CENTER FACILITIES, INCLUDING, WITHOUT LIMITATION:

1. LAND, BUILDINGS, STRUCTURES, MACHINERY,
EQUIPMENT AND ALL PROPERTIES AND RIGHTS THEREIN AND APPURTENANCES
THEREOF, AND RIGHTS-OF-WAY, FRANCHISES, EASEMENTS, AND OTHER INTERESTS
IN LAND;

2.       ALL LAND AND FACILITIES THAT ARE FUNCTIONALLY
RELATED TO A CONVENTION CENTER FACILITY; AND

3.       ALL PATENTS, LICENSES, AND OTHER RIGHTS NECESSARY
OR USEFUL IN THE CONSTRUCTION OR OPERATION OF A CONVENTION CENTER
FACILITY.

(3) AS USED IN THIS SUBSECTION, "HOTEL ROOM TAX" MEANS THE
HOTEL ROOM TAX LEVIED BY THE MAYOR AND CITY COUNCIL OF BALTIMORE
PURSUANT TO ARTICLE 28, SECTIONS 37 THROUGH 42, INCLUSIVE. OF THE
BALTIMORE CITY CODE, AS AMENDED, REPLACED, OR SUPPLEMENTED FROM TIME
TO TIME.

SECTION 2. AND BE IT FURTHER ENACTED, That:

(1)     The Board of Public Works may borrow money and incur indebtedness on
behalf of the State of Maryland through a State loan to be known as the Baltimore Convention
Center Loan of 1993 in a total principal amount of $20,000,000 subject to the requirements of
Section 2(5) below. This loan shall be evidenced by the issuance, sale, and delivery of State
general obligation bonds authorized by a resolution of the Board of Public Works and issued,
sold, and delivered in accordance with §§ 8-117 through 8-124 of the State Finance and
Procurement Article and Article 31, § 22 of the Code.

(2)     The bonds to evidence this loan or installments of this loan may be sold as
a single issue or may be consolidated and sold as part of a single issue of bonds under § 8-122
of the State Finance and Procurement Article.

(3)     The cash proceeds of the sale of the bonds shall be paid to the Treasurer and
first shall be applied to the payment of the expenses of issuing, selling, and delivering the bonds,
unless funds for this purpose are otherwise provided, and then shall be credited on the books
of the Comptroller and expended, on approval by the Board of Public Works, for the following
public purposes: for deposit in the Baltimore Convention Center Financing Fund as
established under § 13-716 of the Financial Institutions Article and to be used by the
Maryland Stadium Authority for the expansion of the Baltimore Convention Center, including
the renovation of the existing Convention Center.

- 2179 -