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Ch. 185
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2000 LAWS OF MARYLAND
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1. TO MARKET, PROMOTE, AND OPERATE OR CONTRACT,
SUBJECT TO THE APPROVAL OF THE AUTHORITY, FOR THE MARKETING, PROMOTION,
AND OPERATION OF THE HIPPODROME PERFORMING ARTS CENTER FACILITY;
2. TO MAINTAIN AND REPAIR OR CONTRACT, SUBJECT TO
THE APPROVAL OF THE AUTHORITY, FOR THE MAINTENANCE AND REPAIR OF THE
HIPPODROME PERFORMING ARTS CENTER FACILITY SO AS TO KEEP THE
HIPPODROME PERFORMING ARTS CENTER FACILITY IN FIRST CLASS OPERATING
CONDITION;
3. TO PAY TO THE AUTHORITY FOR THE DURATION OF ANY
BONDS ISSUED AS AUTHORIZED UNDER § 13-712(A)(1) OF THIS SUBTITLE AN AMOUNT
EQUAL TO $2 PER TICKET SOLD FOR ADMISSION TO THE HIPPODROME PERFORMING
ARTS CENTER FACILITY; AND
4. TO BE SOLELY RESPONSIBLE FOR ALL EXPENDITURES
RELATING TO THE OPERATION, MAINTENANCE, AND REPAIR OF THE HIPPODROME
PERFORMING ARTS CENTER FACILITY, INCLUDING NET OPERATING DEFICITS (THE
AMOUNT BY WHICH EXPENDITURES EXCEED REVENUES) THAT MAY BE INCURRED.
13-717.2.
(a) (1) There is a Hippodrome Performing Arts Center Financing Fund.
(2) The Authority shall use the HIPPODROME PERFORMING ARTS
CENTER FINANCING Fund as a nonlapsing, revolving fund for carrying out the
provisions of this subtitle concerning the Hippodrome Performing Arts Center facility.
(b) The HIPPODROME PERFORMING ARTS CENTER FINANCING Fund shall
consist of:
(1) Funds appropriated for deposit to the HIPPODROME PERFORMING
ARTS CENTER FINANCING Fund;
(2) Revenues collected or received from any source under THE
PROVISIONS OF this subtitle concerning the Hippodrome Performing Arts Center
facility;
(3) Interest or other income earned on the investment of moneys in the
HIPPODROME PERFORMING ARTS CENTER FINANCING Fund; [and]
(4) Any additional moneys made available from any public or private
source for the [purpose of] PURPOSES FOR WHICH the HIPPODROME PERFORMING
ARTS CENTER FINANCING Fund[.] HAS BEEN ESTABLISHED; AND
(5) PROCEEDS FROM THE SALE OF BONDS RELATED TO THE
HIPPODROME PERFORMING ARTS CENTER FACILITY.
(c) (1) The HIPPODROME PERFORMING ARTS CENTER FINANCING 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.
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- 918 -
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