13-717.2.

(A) (1) THERE IS A HIPPODROME PERFORMING ARTS CENTER FINANCING
FUND.

(2) THE AUTHORITY SHALL USE THE FUND AS A NONLAPSING,
REVOLVING FUND FOR CARRYING OUT THE PROVISIONS OF THIS SUBTITLE
CONCERNING THE HIPPODROME PERFORMING ARTS CENTER FACILITY.

(B) THE FUND SHALL CONSIST OF:

(1) FUNDS APPROPRIATED FOR DEPOSIT TO THE FUND;

(2) REVENUES COLLECTED OR RECEIVED FROM ANY SOURCE UNDER
THIS SUBTITLE CONCERNING THE HIPPODROME PERFORMING ARTS CENTER
FACILITY;

(3) INTEREST OR OTHER INCOME EARNED ON THE INVESTMENT OF
MONEYS IN THE FUND; AND

(4) ANY ADDITIONAL MONEYS MADE AVAILABLE FROM ANY PUBLIC OR
PRIVATE SOURCE FOR THE PURPOSE OF THE FUND.

(C) (1) THE FUND IS A CONTINUING, NONLAPSING FUND THAT SHALL BE
AVAILABLE IN PERPETUITY TO IMPLEMENT THE PROVISIONS OF THIS SUBTITLE
CONCERNING THE HIPPODROME PERFORMING ARTS CENTER FACILITY.

(2) NO PART OF THE 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 CONCERNING THE HIPPODROME PERFORMING ARTS CENTER FACILITY
FROM THE FUND,

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

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

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 1999.

Approved May 13, 1999.