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2000 LAWS OF MARYLAND
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Ch. 185
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(3) The Hippodrome Theatre, 12 North Eutaw Street, described in the
Baltimore City Land Records [as Ward 4, Section 8, Block 631, Lot 17; and] IN LIBER
S.E.B. 6259, FOLIO 38;
(4) Two vacant lots, 412 and 414 West Baltimore Street, described in the
Baltimore City Land Records [as Ward 4, Section 8, Block 631, Lots 1 and 2; ] IN
LIBER R.H.B. 3374, FOLIO 225; AND
(5) 416 WEST BALTIMORE STREET, DESCRIBED IN THE BALTIMORE CITY
LAND RECORDS IN LIBER J.F.C. 960, FOLIO 199.
(T) "AUTHORITY AFFILIATE" MEANS ANY CORPORATION, PARTNERSHIP,
LIMITED LIABILITY COMPANY OR OTHER ENTITY, WHETHER ORGANIZED ON A FOR
PROFIT OR NOT FOR PROFIT BASIS, IF THE AUTHORITY DIRECTLY OR INDIRECTLY
OWNS ANY OUTSTANDING SHARES OF CAPITAL STOCK, PARTNERSHIP INTERESTS,
MEMBERSHIP INTERESTS, OR OTHER EQUITY INTERESTS OF SUCH ENTITY.
13-708.
(a) In addition to the powers set forth elsewhere in this subtitle, the Authority
may:
(7) Review and make recommendations on proposed convention center
facilities AND THE HIPPODROME PERFORMING ARTS CENTER FACILITY, including the
expansion and enhancement of the Baltimore City Convention Center and the Ocean
City Convention Center and the development and construction of the Montgomery
County Conference Center AND THE HIPPODROME PERFORMING ARTS CENTER, with
respect to location, purpose, design, function, capacity, parking, costs, funding
mechanisms, and revenue alternatives, with specific recommendations on:
(i) The level of support from the private sector;
(ii) The type of support from the private sector;
(iii) Special taxing sources;
(iv) Projected revenues;
(v) Bonding authority and the source of debt service; and
(vi) The fiscal impact on the State of any alternatives;
(17) WITH RESPECT TO SITE ACQUISITION, CONSTRUCTION, AND
DEVELOPMENT OF THE HIPPODROME PERFORMING ARTS CENTER FACILITY,
ESTABLISH AND PARTICIPATE IN AUTHORITY AFFILIATES;
(18) WITH RESPECT TO SITE ACQUISITION, CONSTRUCTION, AND
DEVELOPMENT OF THE HIPPODROME PERFORMING ARTS CENTER FACILITY,
TRANSFER, OR PERMIT ALLOW ANY AUTHORITY AFFILIATE TO TRANSFER, TO ANY
INDIVIDUAL OR ENTITY (A "TRANSFEREE") THE FULL AMOUNT OF ANY STATE OR
LOCAL TAX CREDIT TO WHICH THE AUTHORITY OR AUTHORITY AFFILIATE WOULD
BE ENTITLED IF IT WERE SUBJECT TO THE TAX AGAINST WHICH THE CREDIT IS
ALLOWED;
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- 914 -
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