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Ch. 185
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PARRIS N. GLENDENING, Governor
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(iv) An agreement between Montgomery County and the Authority
for the Authority to select through a cooperative procurement agreement one or more
contractors to develop, design, construct, operate, and manage the Montgomery
County Conference Center facilities during the period that the Authority's
Montgomery County Conference Center facilities bonds are outstanding;
(v) An agreement between Montgomery County and the Authority
that may allow for the establishment of a board of directors to manage the
Montgomery County Conference Center, that provides that the board of directors may
include representatives of the Authority, Montgomery County, the private developer,
and the community, and that provides that unless action is taken to create a joint
venture, corporation, or other legal entity, the board of directors is not a separate
legal entity; and
(vi) An agreement among Montgomery County, the Authority, and a
private developer for the acquisition, construction, and operation of a hotel adjacent
to the Montgomery County Conference Center and providing for a capital
commitment from such developer for such hotel and, as appropriate, shared facilities.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 2000.
Approved April 25, 2000.
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CHAPTER 185
(House Bill 1301)
AN ACT concerning
Economic Development - Maryland Stadium Authority - Hippodrome
Performing Arts Center
FOR the purpose of authorizing the Maryland Stadium Authority to provide for the
development and construction of the Hippodrome Performing Arts Center in
Baltimore City; altering the Authority's powers; providing that certain lease
payments to the Authority appropriated by the State for certain facilities be
maintained in certain funds; authorizing the Authority to exercise certain
general corporate powers to become a member of a certain limited liability
company; placing certain restrictions on the issuance of certain bonds by the
Authority; prohibiting the Authority from closing on the sale of certain bonds or
otherwise borrowing money in excess of a certain amount with respect to the
Hippodrome Performing Arts Center facility unless the Authority has secured
certain written agreements with the University System of Maryland and an
Authority affiliate and certain agreements for payments to fund the capital
costs of construction of the Hippodrome Performing Arts Center facility;
requiring the Authority, in cooperation with the Office of the Comptroller and
the Department of Budget and Management, to submit an annual report on the
additional tax revenues generated by the Hippodrome Performing Arts Center
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- 911 -
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