PARRIS N. GLENDENING, Governor                                 Ch. 603

(f) (1) The BALTIMORE 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
BALTIMORE Convention Center Fund.

13-717.

(A)     (1) THERE IS AN OCEAN CITY CONVENTION CENTER FINANCING FUND.

(2) THE AUTHORITY SHALL USE THE OCEAN CITY CONVENTION
CENTER FUND AS A NONLAPSING, REVOLVING FUND FOR CARRYING OUT THE
PROVISIONS OF THIS SUBTITLE RELATING TO OCEAN CITY CONVENTION CENTER
FACILITIES.

(B)     THERE SHALL BE DEPOSITED IN THE OCEAN CITY CONVENTION CENTER
FUND:

(1)      PROCEEDS FROM THE SALE OF BONDS RELATED TO THE OCEAN
CITY CONVENTION CENTER FACILITY;

(2)      FUNDS APPROPRIATED FOR DEPOSIT TO THE OCEAN CITY
CONVENTION CENTER FUND;

(3)      REVENUES COLLECTED OR RECEIVED FROM ANY SOURCE UNDER
THE PROVISIONS OF THIS SUBTITLE RELATED TO OCEAN CITY CONVENTION
CENTER FACILITIES;

(4)      INTEREST OR OTHER INCOME EARNED ON THE INVESTMENT OF
MONEYS IN THE OCEAN CITY CONVENTION CENTER FUND; AND

(5)      ANY ADDITIONAL MONEYS MADE AVAILABLE FROM ANY SOURCES,
PUBLIC OR PRIVATE, FOR THE PURPOSES FOR WHICH THE OCEAN CITY
CONVENTION CENTER FUND HAS BEEN ESTABLISHED.

(C)      (1) THE OCEAN CITY CONVENTION CENTER FUND IS A CONTINUING,
NONLAPSING FUND THAT SHALL BE AVAILABLE IN PERPETUITY FOR THE PURPOSE
OF IMPLEMENTING THE PROVISIONS OF THIS SUBTITLE RELATING TO OCEAN CITY
CONVENTION CENTER FACILITIES.

(2) NO PART OF THE OCEAN CITY CONVENTION CENTER FUND MAY
REVERT OR BE CREDITED TO THE GENERAL FUND OR ANY OTHER SPECIAL FUND
OF THE STATE.

(D)     THE AUTHORITY SHALL PAY ANY AND ALL EXPENSES INCURRED BY THE
AUTHORITY RELATED TO THE OCEAN CITY CONVENTION CENTER FACILITY FROM
THE OCEAN CITY CONVENTION CENTER FUND.

(E)     (1) TO THE EXTENT DEEMED APPROPRIATE BY THE AUTHORITY, THE
RECEIPTS OF THE OCEAN CITY CONVENTION CENTER FUND SHALL BE PLEDGED TO
AND CHARGED WITH THE PAYMENT OF DEBT SERVICE ON AUTHORITY BONDS FOR

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