reglab/housing_qa huggingface dataset:
MD. Economic Development Code Ann. §  10-622.2 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part III - Powers|Section 10-622.2 - Development of Supplemental Facilities and Sites for Benefit of Sports Facilities at Camden Yards

    (a)    Subject to the approval of the Board of Public Works and review by the Legislative Policy Committee, the Authority may develop supplemental facilities and supplemental facility sites to directly or indirectly benefit the sports facilities at Camden Yards.    (b)    The authority granted under subsection (a) of this section includes the power to:        (1)    develop, establish, acquire, own, lease, improve, operate as landlord, regulate, maintain, sell, transfer, or otherwise dispose of property acquired under this section; and        (2)    enter into partnerships with Baltimore City, units of the State or local government, or private developers.
MD. Economic Development Code Ann. §  10-622.3 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part III - Powers|Section 10-622.3 - Authority to Acquire Property

    (a)    Subject to annual appropriations and this subtitle, the Authority may acquire in its own name, by gift or purchase, any property or interest in property necessary or convenient to develop supplemental facilities and supplemental facility sites to directly or indirectly benefit Camden Yards.    (b)    The Authority shall notify Baltimore City of the Authority’s intent to acquire property under this section and provide Baltimore City at least 30 days in which to submit comments on the proposed acquisition.
MD. Economic Development Code Ann. §  10-622.4 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part III - Powers|Section 10-622.4 - Approval for Contract to Acquire Property or Demolish Existing Structure

    A contract to acquire any property or demolish an existing structure that relates to the development of a supplemental facility site or a contract for the construction of a supplemental facility requires the prior approval of the Board of Public Works.
MD. Economic Development Code Ann. §  10-622.5 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part III - Powers|Section 10-622.5 - Bonds

    (a)    Except as allowed by § 10–639 of this subtitle, the Authority may issue bonds subject to §§ 10–628(a) and (c) and 10–629 through 10–636 of this subtitle to finance site acquisition for and construction of any portion of a supplemental facility.    (b)    The Authority shall provide to the fiscal committees of the General Assembly, at least 45 days before seeking approval of the Board of Public Works for each bond issue or other borrowing, a comprehensive financing plan for the relevant segment of a supplemental facility, including the effect of the financing plan on financing options for other segments of the supplemental facility.    (c)    (1)    A bond issued to finance a supplemental facility:            (i)    is a limited obligation of the Authority payable solely from money pledged by the Authority to the payment of the principal of and the premium and interest on the bond or money made available to the Authority for that purpose;            (ii)    is not a debt, liability, or pledge of the faith and credit or the taxing power of the State, the Authority, or any other governmental unit; and            (iii)    may not give rise to any pecuniary liability of the State, the Authority, or any other governmental unit.        (2)    The issuance of a bond to finance a supplemental facility is not directly, indirectly, or contingently a moral or other obligation of the State, the Authority, or any other governmental unit to levy or pledge any tax or to make an appropriation to pay the bond.        (3)    Each bond shall state on its face the provisions of paragraphs (1) and (2) of this subsection.
MD. Economic Development Code Ann. §  10-623 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part III - Powers|Section 10-623 - Duties

    The Authority shall:         (1)    submit the operating and capital program budget of the Authority each year to the Department of Budget and Management for inclusion in the State budget book for informational purposes; and        (2)    keep records that are consistent with sound business practices and accounting records using generally accepted accounting principles.
MD. Economic Development Code Ann. §  10-624 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part III - Powers|Section 10-624 - Audit

    The Authority shall:         (1)    have an independent certified public accountant audit the accounts and transactions of the Authority at the end of each fiscal year; and        (2)    be subject, at any reasonable time, to audit and examination of the accounts and transactions of the Authority by the Office of Legislative Audits of the Department of Legislative Services.
MD. Economic Development Code Ann. §  10-625 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part III - Powers|Section 10-625 - Annual Reports

    The Authority shall submit:         (1)    an annual detailed report of the activities and financial status of the Authority to the Governor, and, in accordance with § 2-1257 of the State Government Article, the General Assembly; and        (2)    annual reports on the additional tax revenues generated by each of the following facilities, prepared in cooperation with the Office of the Comptroller and the Department of Budget and Management:            (i)    the Baltimore Convention facility;            (ii)    the Hippodrome Performing Arts facility;            (iii)    the Montgomery County Conference facility; and            (iv)    the Ocean City Convention facility.
MD. Economic Development Code Ann. §  10-629 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part IV - Bonds -- in General|Section 10-629 - Payment of Bonds

    (a)    The Authority shall pay the bonds issued in accordance with this part only from the property or receipts of the Authority.    (b)    Property and receipts of the Authority include:        (1)    taxes, fees, charges, or other revenues payable to the Authority;        (2)    payments in accordance with letters of credit, lines of credit, insurance policies, or purchase agreements;        (3)    investment earnings from funds or accounts maintained in accordance with a bond resolution or trust agreement;        (4)    the proceeds of refunding bonds; and        (5)    any other source authorized by law.
MD. Economic Development Code Ann. §  10-630 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part IV - Bonds -- in General|Section 10-630 - Authorization of Bonds by Resolution or Trust Agreement

    (a)    The Authority shall authorize the issuance of bonds by resolution.    (b)    (1)    The bonds may be secured by a trust agreement by and between the Authority and a corporate trustee.        (2)    A corporate trustee may be any trust company or bank that has the powers of a trust company in or outside the State.    (c)    The bonds shall:        (1)    be issued at, above, or below par value, and for cash or other valuable consideration;        (2)    mature on a date or dates not exceeding 40 years from their respective dates of issue, whether or not the bonds are serial or term bonds;        (3)    bear interest at the fixed rate or the variable rate provided in the resolution or trust agreement;        (4)    be payable at a time or times and be in the denominations and form, either coupon or registered, as provided in the resolution or trust agreement;        (5)    be subject to the registration provisions, have the privileges as to conversion, and be subject to the provisions for the replacement of mutilated, lost, or destroyed bonds as provided in the resolution or trust agreement;        (6)    be a “security” within the meaning of § 8-102 of the Commercial Law Article, whether or not each bond is one of a class or series or is divisible by its terms into a class or series of instruments;        (7)    be negotiable for all purposes although payable from a limited source, notwithstanding any other law;        (8)    be payable in lawful money of the United States at a designated place;        (9)    be subject to the terms of purchase, payment, redemption, refunding, or refinancing as provided in the resolution or trust agreement;        (10)    subject to subsection (d) of this section, be executed by the manual or facsimile signatures of the officers of the Authority designated by the Authority;        (11)    be sold in the manner and on the terms determined by the Authority, including competitive or negotiated sale; and        (12)    are exempt from §§ 8-206 and 8-208 of the State Finance and Procurement Article.    (d)    An officer’s signature or facsimile signature on a bond of the Authority remains valid at delivery even if the officer leaves office before the bond is delivered.
MD. Economic Development Code Ann. §  10-631 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part IV - Bonds -- in General|Section 10-631 - Resolutions and Trust Agreements -- Additional Provisions

    A resolution of the Authority or a trust agreement between the Authority and a corporate trustee may contain provisions that shall be part of the contract between the Authority and the holders of the bonds as to:         (1)    (i)    the pledging, assigning, or directing the use, investment, or disposition of receipts of the Authority or proceeds or benefits of any contract; and            (ii)    the conveying or otherwise securing of any property or property rights;        (2)    debt service reserves, capitalized interest accounts, cost of issuance accounts, sinking funds, and the setting aside of deposits, and the regulation, investment, and disposition of the funds specified in this item;        (3)    limitations on the use and investment of bond proceeds;        (4)    restrictions on the investment of revenues or bond proceeds to government obligations the principal and interest of which are unconditionally guaranteed by the United States of America;        (5)    limitations and conditions relating to the issuance of additional bonds, which may rank on a parity with, or be subordinate or superior to, other bonds;        (6)    the refunding or refinancing of outstanding bonds;        (7)    (i)    the procedures by which the terms of a contract with bondholders may be amended; and            (ii)    the amount of bonds the holders of which are needed to consent to an amendment under item (i) of this item and the manner of that consent;        (8)    describing Authority defaults and the rights and remedies of bondholders;        (9)    providing for guarantees, pledges of property, letters of credit, or other security, or insurance for the benefit of bondholders; and        (10)    any other matter relating to the bonds that the Authority determines appropriate.
MD. Economic Development Code Ann. §  10-632 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part IV - Bonds -- in General|Section 10-632 - Personal Liability of Authority Member -- Exemption

    Neither a member of the Authority nor any other person executing the bonds is subject to any personal liability because of the issuance of the bonds.
MD. Economic Development Code Ann. §  10-633 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part IV - Bonds -- in General|Section 10-633 - Agreement for Enhancing Marketability of Bonds

    The Authority may enter into agreements for the purpose of enhancing the marketability of, or to provide security for, its bonds.
MD. Economic Development Code Ann. §  10-634 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part IV - Bonds -- in General|Section 10-634 - Pledges by Authority of Revenues or Money Deposited in the Baltimore City Public School Construction Financing Fund

    (a)    A pledge by the Authority of revenues or money deposited in the Baltimore City Public School Construction Financing Fund as security for an issue of bonds is valid and binding from when the pledge is made.    (b)    (1)    The revenues or money deposited in the Baltimore City Public School Construction Financing Fund that are pledged are immediately subject to the lien of the pledge without any physical delivery or further act.        (2)    The lien of any pledge is valid and binding against any person having a claim against the Authority in tort, contract, or otherwise, regardless of whether the person has notice of the lien.    (c)    Notwithstanding any other provision of law, in order to perfect a lien on pledged revenues or money deposited in the Baltimore City Public School Construction Financing Fund against a third person, it is not necessary to file or record any document adopted or entered into by the Authority in any public record other than in the records of the Authority.
MD. Economic Development Code Ann. §  10-635 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part IV - Bonds -- in General|Section 10-635 - Enforcement of Rights by Bondholders

    Except to the extent restricted by an applicable resolution or trust agreement, a bondholder or a trustee acting under a trust agreement entered into under this subtitle, may, by any suitable form of legal proceedings, protect and enforce any rights granted under the laws of the State or by any applicable resolution or trust agreement.
MD. Economic Development Code Ann. §  10-636 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part IV - Bonds -- in General|Section 10-636 - Refunding Bonds

    (a)    Subject to the prior approval of the Board of Public Works, the Authority may issue bonds to refund any of its outstanding bonds, including the payment of:        (1)    any redemption premium; and        (2)    any interest accrued or that will accrue to the earliest or any subsequent date of redemption, purchase, or maturity of the bonds.    (b)    (1)    For the public purpose of achieving a savings in the effective costs of debt service or alleviating impending or actual default, the Authority may issue refunding bonds directly or through a debt restructuring.        (2)    The bonds authorized by this subsection may be issued in one or more series and in an amount in excess of that of the bonds to be refunded.
MD. Economic Development Code Ann. §  10-639 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part V - Restrictions on Bonds and Borrowing|Section 10-639 - General Restrictions on Bonds and Borrowing

    This part governs the closing on the sale of bonds and other borrowing of money by the Authority in amounts exceeding $35,000 a year to finance any segment of a facility.
MD. Economic Development Code Ann. §  10-644 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part V - Restrictions on Bonds and Borrowing|Section 10-644 - Sports Facilities

    (a)    Except as allowed by § 10-639 of this subtitle, to finance acquisition and construction of any segment of a sports facility, the Authority shall comply with this section.    (b)    The Authority shall provide certification to the Legislative Policy Committee and the Board of Public Works, supported by a detailed report, that the Authority has attempted:        (1)    to maximize private investment in the sports facility proposed to be financed; and        (2)    with respect to a baseball or football stadium, to maximize the State’s ability to ensure that the professional baseball and football franchises will remain permanently in the State.    (c)    The Authority shall provide to the fiscal committees of the General Assembly, at least 45 days before seeking approval of the Board of Public Works for each bond issue or other borrowing, a comprehensive financing plan for the relevant segment of the facility, including the effect of the financing plan on financing options for other segments of the facility and anticipated revenues from private investment.    (d)    The Authority shall obtain the approval of the Board of Public Works of the proposed bond issue and the financing plan.    (e)    The Authority shall secure, as approved by the Board of Public Works:        (1)    with respect to site acquisition and the construction of a baseball stadium, a long-term lease for a major league professional baseball team; or        (2)    subject to § 10-617 of this subtitle, with respect to site acquisition and the construction of a football stadium:            (i)    a franchise for a National Football League team; and            (ii)    a long-term lease that includes a provision requiring the football team that leases the stadium to agree to reimburse the Authority:                1.    for $24,000,000 in stadium construction costs, including the construction, fitting out, and furnishing of the private suites that are part of the football stadium; and                2.    on the terms and conditions determined by the Authority.
MD. Economic Development Code Ann. §  10-647 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part VI - Miscellaneous Bond Provisions|Section 10-647 - Legal Investments

    A financial institution, investment company, insurance company or association, or a personal representative, guardian, trustee, or other fiduciary, may legally invest any money belonging to it or within its control in any bonds issued by the Authority.
MD. Economic Development Code Ann. §  10-648 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part VI - Miscellaneous Bond Provisions|Section 10-648 - Tax Status

    (a)    The Authority is exempt from any requirement to pay taxes or assessments of any kind.    (b)    The principal of and interest on bonds, and any income derived from the bonds, including profits made in their sale or transfer, are forever exempt from all State and local taxes.
MD. Economic Development Code Ann. §  10-651 (2021)
2021 Maryland Statutes|Economic Development|Division II - Independent and Regional Development Units and Resources|Title 10 - Statewide Development Resources and Revenue Authorities|Subtitle 6 - Maryland Stadium Authority|Part VII - Funds|Section 10-651 - Baltimore Convention Financing Fund

    (a)    There is a Baltimore Convention Financing Fund.    (b)    (1)    The Baltimore Convention Fund is a continuing, nonlapsing fund that shall be available in perpetuity to implement this subtitle concerning Baltimore Convention facilities.        (2)    The Authority shall:            (i)    use the Baltimore Convention Fund as a revolving fund for carrying out this subtitle concerning Baltimore Convention facilities; and            (ii)    pay any and all expenses from the Baltimore Convention Fund that are incurred by the Authority related to the Baltimore Convention facility.    (c)    (1)    To the extent considered appropriate by the Authority, the receipts of the Baltimore Convention Fund shall be pledged to and charged with the following relating to the Baltimore Convention facility:            (i)    the payment of debt service on Authority bonds;            (ii)    all reasonable charges and expenses related to Authority borrowing; and            (iii)    the management of Authority obligations.        (2)    The pledge shall be effective as provided in § 10–634 of this subtitle and any applicable Authority resolution.    (d)    The Baltimore Convention Fund consists of:        (1)    funds appropriated for deposit to the Baltimore Convention Fund;        (2)    proceeds from the sale of bonds concerning the Baltimore Convention facility;        (3)    revenues collected or received from any source under this subtitle related to Baltimore Convention facilities; and        (4)    any additional money made available from any public or private sources for the purposes established for the Baltimore Convention Fund.    (e)    (1)    The Treasurer shall invest the money of the Baltimore Convention Fund in the same manner as other State funds.        (2)    Any investment earnings shall be credited to the Baltimore Convention Fund.        (3)    No part of the Baltimore Convention Fund may revert or be credited to the General Fund or any special fund of the State.