Skip to main content
Find a Lawyer

U.S. Federal and State Cases, Codes, and Articles

Select a tab to search United States Cases, Codes, or Articles

Search for cases

Indicates required field

Search by keyword or citation

Indicates required field

Search blogs, article pages, and cases and codes

Indicates required field

Maryland Code, Economic Development § 10-651

Current as of December 31, 2021 | Updated by FindLaw Staff

(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.

Back to chapter list
Previous part of code Next part of code
Back to chapter list

Cite this article: FindLaw.com - Maryland Code, Economic Development § 10-651 - last updated December 31, 2021 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-10-651.html

Read this complete Maryland Code, Economic Development § 10-651 on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Response sent, thank you

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About the Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to find an attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

    More Options
    Copied to clipboard