Maryland 2022 Regular Session

Maryland Senate Bill SB911 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	LAWRENCE J. HOGAN, JR., Governor Ch. 252
2	1
3		-	– 1 –
4		-	Chapter 252
5		-	(Senate Bill 911)
6	2
7		-	AN ACT concerning
	3	+	EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXIS TING LAW.
	4	+	[Brackets] indicate matter deleted from existing law.
	5	+	Underlining indicates amendments to bill.
	6	+	Strike out indicates matter stricken from the bill by amendment or deleted from the law by
	7	+	amendment.
	8	+	sb0911
8	9
9		-	~~Maryland Stadium Authority – Hagerstown Multi–Use Sports and Events~~
10		-	~~Facility – Alterations~~
	10	+	SENATE BILL 911
	11	+	C8 2lr1703
11	12
12		-	FOR the purpose of altering the entity with which the Maryland Stadium Authority must
13		-	enter into a written operating agreement before issuing bonds to finance the
14		-	Hagerstown Multi –Use Sports and Events Facility from the
15		-	Hagerstown–Washington County Industrial Foundation to The Hagerstown
16		-	Multi–Use Sports and Events Facility, Inc.; and generally relating to the
17		-	Hagerstown Multi–Use Sports and Events Facility.
	13	+	By: Senator Corderman
	14	+	Introduced and read first time: February 11, 2022
	15	+	Assigned to: Rules
	16	+	Re–referred to: Finance, February 21, 2022
	17	+	Committee Report: Favorable
	18	+	Senate action: Adopted
	19	+	Read second time: March 7, 2022
18	20
19		-	BY repealing and reenacting, without amendments,
20		-	Article – Economic Development
21		-	Section 10–646.2(a)
22		-	Annotated Code of Maryland
23		-	(2018 Replacement Volume and 2021 Supplement)
	21	+	CHAPTER ______
24	22
25		-	BY repealing and reenacting, with amendments,
26		-	Article – Economic Development
27		-	Section 10–646.2(e), (f), and (g)
28		-	Annotated Code of Maryland
29		-	(2018 Replacement Volume and 2021 Supplement)
	23	+	AN ACT concerning 1
30	24
31		-	~~SECTION 1.~~ ~~BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND,~~
32		-	~~That the Laws of Maryland read as follows:~~
	25	+	Maryland Stadium Authority – Hagerstown Multi–Use Sports and Events 2
	26	+	Facility – Alterations 3
33	27
34		-	Article – Economic Development
	28	+	FOR the purpose of altering the entity with which the Maryland Stadium Authority must 4
	29	+	enter into a written operating agreement before issuing bonds to finance the 5
	30	+	Hagerstown Multi –Use Sports and Events Facility from the 6
	31	+	Hagerstown–Washington County Industrial Foundation to The Hagerstown 7
	32	+	Multi–Use Sports and Events Facility, Inc.; and generally relating to the 8
	33	+	Hagerstown Multi–Use Sports and Events Facility. 9
35	34
36		-	10–646.2.
	35	+	BY repealing and reenacting, without amendments, 10
	36	+	Article – Economic Development 11
	37	+	Section 10–646.2(a) 12
	38	+	Annotated Code of Maryland 13
	39	+	(2018 Replacement Volume and 2021 Supplement) 14
37	40
38		-	(a) Except as authorized by § 10–639 of this subtitle, to finance site acquisition,
39		-	design, and construction of any segment of the Hagerstown Multi–Use Sports and Events
40		-	Facility, the Authority shall comply with this section.
	41	+	BY repealing and reenacting, with amendments, 15
	42	+	Article – Economic Development 16
	43	+	Section 10–646.2(e), (f), and (g) 17
	44	+	Annotated Code of Maryland 18
	45	+	(2018 Replacement Volume and 2021 Supplement) 19
41	46
42		-	(e) The Authority may not issue bonds to finance the Hagerstown Multi–Use
43		-	Sports and Events Facility until the Authority and [the Hagerstown–Washington County
44		-	Industrial Foundation] THE HAGERSTOWN MULTI–USE SPORTS AND EVENTS
45		-	FACILITY, INC., secure a written operating agreement.
	47	+	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 20
	48	+	That the Laws of Maryland read as follows: 21 2 SENATE BILL 911
46	49
47		-	(f) The Authority shall secure a written agreement to transfer ownership of the
48		-	Hagerstown Multi–Use Sports and Events Facility from the Authority to [the Ch. 252 2022 LAWS OF MARYLAND
49	50
50		-	– 2 –
51		-	Hagerstown–Washington County Industrial Foundation ] THE HAGERSTOWN
52		-	MULTI–USE SPORTS AND EVENTS FACILITY, INC., as approved by the Board of Public
53		-	Works:
54	51
55		-	(1) in which [the Hagerstown–Washington County Industrial Foundation]
56		-	THE HAGERSTOWN MULTI–USE SPORTS AND EVENTS FACILITY, INC., agrees to:
	52	+	Article – Economic Development 1
57	53
58		-	(i) own, market, promote, and operate or contract for the marketing,
59		-	promotion, and operation of the Hagerstown Multi–Use Sports and Events Facility in a
60		-	manner that maximizes the Facility’s economic return; and
	54	+	10–646.2. 2
61	55
62		-	(ii) to ~~maintain and repair or contract for the maintenance and~~
63		-	~~repair~~ of the Hagerstown Multi–Use Sports and Events ~~Facility so as to keep the~~
64		-	~~Hagerstown Multi–Use Sports and Events Facility in first–class operating condition;~~
	56	+	(a) Except as authorized by § 10–639 of this subtitle, to finance site acquisition, 3
	57	+	design, and construction of any segment of the Hagerstown Multi–Use Sports and Events 4
	58	+	Facility, the Authority shall comply with this section. 5
65	59
66		-	(2) that includes provisions:
	60	+	(e) The Authority may not issue bonds to finance the Hagerstown Multi–Use 6
	61	+	Sports and Events Facility until the Authority and [the Hagerstown–Washington County 7
	62	+	Industrial Foundation] THE HAGERSTOWN MULTI–USE SPORTS AND EVENTS 8
	63	+	FACILITY, INC., secure a written operating agreement. 9
67	64
68		-	(i) protecting the investments of the Authority and [the
69		-	Hagerstown–Washington County Ind ustrial Foundation] THE HAGERSTOWN
70		-	MULTI–USE SPORTS AND EVENTS FACILITY, INC., in the Hagerstown Multi–Use
71		-	Sports and Events Facility;
	65	+	(f) The Authority shall secure a written agreement to transfer ownership of the 10
	66	+	Hagerstown Multi–Use Sports and Events Facility from the Authority to [the 11
	67	+	Hagerstown–Washington County Industrial Foundation ] THE HAGERSTOWN 12
	68	+	MULTI–USE SPORTS AND EVENTS FACILITY, INC., as approved by the Board of Public 13
	69	+	Works: 14
72	70
73		-	(ii) requiring [the Hagerstown–Washington County Industrial
74		-	Foundation] THE HAGERSTOWN MULTI–USE SPORTS AND EVENTS FACILITY, INC.,
75		-	to contribute to a capital improvement reserve fund an amount sufficient to keep the
76		-	Hagerstown Multi–Use Sports and Events Facility in first–class operating condition;
	71	+	(1) in which [the Hagerstown–Washington County Industrial Foundation] 15
	72	+	THE HAGERSTOWN MULTI–USE SPORTS AND EVENTS FACILITY, INC., agrees to: 16
77	73
78		-	(iii) requiring [the Hagerstown–Washington County Industrial
79		-	Foundation] THE HAGERSTOWN MULTI–USE SPORTS AND EVENTS FACILITY, INC.,
80		-	to be solely responsible for all expenditures relating to the operation of the Hagerstown
81		-	Multi–Use Sports and Events Facility that may be incurred, including operating deficits;
82		-	and
	74	+	(i) own, market, promote, and operate or contract for the marketing, 17
	75	+	promotion, and operation of the Hagerstown Multi–Use Sports and Events Facility in a 18
	76	+	manner that maximizes the Facility’s economic return; and 19
83	77
84		-	(iv) allowing [the Hagerstown–Washington County Industrial
85		-	Foundation] THE HAGERSTOWN MULTI–USE SPORTS AND EVENTS FACILITY, INC.,
86		-	to keep all operating profits resulting from the operation of the Hagerstown Multi–Use
87		-	Sports and Events Facility each year; and
	78	+	(ii) to maintain and repair or contract for the maintenance and 20
	79	+	repair of the Hagerstown Multi–Use Sports and Events Facility so as to keep the 21
	80	+	Hagerstown Multi–Use Sports and Events Facility in first–class operating condition; 22
88	81
89		-	(3) to be solely responsible for all expenditures relating to the operation,
90		-	maintenance, and repair of the Hagerstown Multi–Use Sports and Events Facility that may
91		-	be incurred, including the amount by which expenditures exceed revenues.
	82	+	(2) that includes provisions: 23
92	83
93		-	(g) On or before December 31 each year, [the Hagerstown–Washington County
94		-	Industrial Foundation] THE HAGERSTOWN MULTI–USE SPORTS AND EVENTS
95		-	FACILITY, INC., shall report to the Senate Budget and Taxation Committee and the House LAWRENCE J. HOGAN, JR., Governor Ch. 252
	84	+	(i) protecting the investments of the Authority and [the 24
	85	+	Hagerstown–Washington County Indu strial Foundation] THE HAGERSTOWN 25
	86	+	MULTI–USE SPORTS AND EVENTS FACILITY, INC., in the Hagerstown Multi–Use 26
	87	+	Sports and Events Facility; 27
96	88
97		-	– ~~3 –~~
98		-	~~Appropriations Committee, in accordance with § 2–1257 of~~ the ~~State Government Article~~,
99		-	~~on the Facility’s assessment of the maintenance and repair needed~~ to keep the ~~Hagerstown~~
100		-	Multi–Use Sports and Events Facility in operating ~~order.~~
	89	+	(ii) requiring [the Hagerstown–Washington County Industrial 28
	90	+	Foundation] THE HAGERSTOWN MULTI–USE SPORTS AND EVENTS FACILITY, INC., 29
	91	+	to contribute to a capital improvement reserve fund an amount sufficient to keep the 30
	92	+	Hagerstown Multi–Use Sports and Events Facility in first–class operating condition; 31
101	93
102		-	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take e ffect
103		-	October 1, 2022.
	94	+	(iii) requiring [the Hagerstown–Washington County Industrial 32
	95	+	Foundation] THE HAGERSTOWN MULTI–USE SPORTS AND EVENTS FACILITY, INC., 33
	96	+	to be solely responsible for all expenditures relating to the operation of the Hagerstown 34 SENATE BILL 911 3
104	97
105		-	Approved by the Governor, May 12, 2022.
	98	+
	99	+	Multi–Use Sports and Events Facility that may be incurred, including operating deficits; 1
	100	+	and 2
	101	+
	102	+	(iv) allowing [the Hagerstown–Washington County Industrial 3
	103	+	Foundation] THE HAGERSTOWN MULTI–USE SPORTS AND EVENTS FACILITY, INC., 4
	104	+	to keep all operating profits resulting from the operation of the Hagerstown Multi–Use 5
	105	+	Sports and Events Facility each year; and 6
	106	+
	107	+	(3) to be solely responsible for all expenditures relating to the operation, 7
	108	+	maintenance, and repair of the Hagerstown Multi–Use Sports and Events Facility that may 8
	109	+	be incurred, including the amount by which expenditures exceed revenues. 9
	110	+
	111	+	(g) On or before December 31 each year, [the Hagerstown–Washington County 10
	112	+	Industrial Foundation] THE HAGERSTOWN MULTI–USE SPORTS AND EVENTS 11
	113	+	FACILITY, INC., shall report to the Senate Budget and Taxation Committee and the House 12
	114	+	Appropriations Committee, in accordance with § 2–1257 of the State Government Article, 13
	115	+	on the Facility’s assessment of the maintenance and repair needed to keep the Hagerstown 14
	116	+	Multi–Use Sports and Events Facility in operating order. 15
	117	+
	118	+	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 16
	119	+	October 1, 2022. 17
	120	+
	121	+
	122	+
	123	+	Approved:
	124	+	________________________________________________________________________________
	125	+	Governor.
	126	+	________________________________________________________________________________
	127	+	President of the Senate.
	128	+	________________________________________________________________________________
	129	+	Speaker of the House of Delegates.