Maryland Financial Institutions Section 13-715

      (a)      There is a Maryland Stadium Authority Financing Fund.

      (b)      The Authority shall use the Maryland Stadium Authority Financing Fund as a nonlapsing revolving fund for carrying out the provisions of this subtitle related to sports facilities and other facilities at Camden Yards.

      (c)      All of the following receipts of the Authority shall be placed in the Maryland Stadium Authority Financing Fund:

            (1)      Proceeds from the sale of bonds related to sports facilities;

            (2)      Revenues collected or received from any source under the provisions of this subtitle related to Camden Yards facilities;

            (3)      Admissions and amusement tax revenues distributed to the Authority under the Tax - General Article;

            (4)      Any other revenues related to Camden Yards facilities, under the jurisdiction of the Authority; and

            (5)      Any additional revenue, gift, donation, or other source authorized by law related to Camden Yards facilities.

      (d)      The Authority shall pay all expenses and make all expenditures related to Camden Yards facilities from the Maryland Stadium Authority Financing Fund.

      (e)      To the extent deemed appropriate by the Authority, the receipts of the Fund shall be pledged to and charged with the payment of debt service on Authority bonds for sports facilities, and all reasonable charges and expenses related to Authority borrowing and the management of Authority obligations related to Camden Yards facilities. The pledge shall be effective as provided in § 13-712(e) of this subtitle and any applicable Authority resolution.

      (f)      (1)      The Maryland Stadium Authority Financing Fund shall be invested and reinvested by the Treasurer in the same manner as State funds.

            (2)      Any investment earnings shall be transferred to the credit of the Maryland Stadium Authority Financing Fund.