EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
[Brackets] indicate matter deleted from existing law.
*hb0524*
HOUSE BILL 524
C8 3lr1413
By: Chair, Appropriations Committee (By Request – Departmental – Stadium
Authority)
Introduced and read first time: February 1, 2023
Assigned to: Appropriations
A BILL ENTITLED
AN ACT concerning 1
Maryland Stadium Authority – Supplemental Financing Funds – Camden Yards 2
Sports Facilities 3
FOR the purpose of establishing the Camden Yards Football Sports Facility Supplemental 4
Financing Fund and the Camden Yards Baseball Sports Facility Supplemental 5
Financing Fund as special, nonlapsing funds to enable the Maryland Stadium 6
Authority to take certain actions; requiring the Authority to administer the funds; 7
requiring interest earnings of the funds to be credited to the funds; altering the 8
amount the Comptroller is required to distribute from the State Lottery Fund to 9
certain funds; and generally relating to the financing of Camden Yards sports 10
facilities. 11
BY repealing and reenacting, without amendments, 12
Article – Economic Development 13
Section 10–601(a) and (ccc) 14
Annotated Code of Maryland 15
(2018 Replacement Volume and 2022 Supplement) 16
BY adding to 17
Article – Economic Development 18
Section 10–652.1 and 10–652.2 19
Annotated Code of Maryland 20
(2018 Replacement Volume and 2022 Supplement) 21
BY repealing and reenacting, without amendments, 22
Article – State Finance and Procurement 23
Section 6–226(a)(2)(i) 24
Annotated Code of Maryland 25
(2021 Replacement Volume and 2022 Supplement) 26
2 HOUSE BILL 524
BY repealing and reenacting, with amendments, 1
Article – State Finance and Procurement 2
Section 6–226(a)(2)(ii)170. and 171. 3
Annotated Code of Maryland 4
(2021 Replacement Volume and 2022 Supplement) 5
BY adding to 6
Article – State Finance and Procurement 7
Section 6–226(a)(2)(ii)172. and 173. 8
Annotated Code of Maryland 9
(2021 Replacement Volume and 2022 Supplement) 10
BY repealing and reenacting, with amendments, 11
Article – State Government 12
Section 9–120 13
Annotated Code of Maryland 14
(2021 Replacement Volume and 2022 Supplement) 15
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 16
That the Laws of Maryland read as follows: 17
Article – Economic Development 18
10–601. 19
(a) In this subtitle the following words have the meanings indicated. 20
(ccc) (1) “Sports facility” means: 21
(i) a stadium primarily for professional football, major league 22
professional baseball, or both, in the Baltimore metropolitan region, as defined in § 23
13–301 of this article; 24
(ii) practice fields or other areas where professional football or 25
major league professional baseball teams practice or perform; and 26
(iii) offices for professional football and major league professional 27
baseball teams or franchises. 28
(2) “Sports facility” includes parking lots, garages, and any other 29
property adjacent and directly related to an item listed in paragraph (1) of this 30
subsection. 31
(3) “Sports facility” does not include a sports entertainment facility. 32
10–652.1. 33
HOUSE BILL 524 3
(A) IN THIS SECTION, “FUND” MEANS THE CAMDEN YARDS FOOTBALL 1
SPORTS FACILITY SUPPLEMENTAL FINANCING FUND. 2
(B) THERE IS A CAMDEN YARDS FOOTBALL SPORTS FACILITY 3
SUPPLEMENTAL FINANCING FUND. 4
(C) THE PURPOSE OF THE FUND IS TO ENABLE THE AUTHORITY TO: 5
(1) USE THE FUND AS A REVOLVING F UND FOR IMPLEMENTING 6
THIS SUBTITLE AS IT RELATES TO THE CAMDEN YARDS FOOTBALL S PORTS 7
FACILITY; AND 8
(2) PAY ANY EXPENSES INC URRED BY THE AUTHORITY THAT ARE 9
RELATED TO THE CAMDEN YARDS FOOTBALL SPORTS FACILITY. 10
(D) THE AUTHORITY SHALL ADMINISTER THE FUND. 11
(E) (1) THE FUND IS A CONTINUING , NONLAPSING FUND THAT IS NOT 12
SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 13
(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 14
AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 15
(F) (1) TO THE EXTENT CONSIDE RED APPROPRIATE BY T HE 16
AUTHORITY, THE RECEIPTS OF THE FUND SHALL BE PLEDGED TO AND CHARGED 17
WITH THE FOLLOWING RELATED TO THE CAMDEN YARDS FOOTBALL SPORTS 18
FACILITY: 19
(I) PAYMENT OF DEBT SERV ICE ON AUTHORITY BONDS ; 20
(II) ALL REASONABLE CHARGES AND EXPENSES RELATED TO 21
THE AUTHORITY’S BORROWING ; AND 22
(III) THE MANAGEMENT OF AUTHORITY OBLIGATION S. 23
(2) THE PLEDGE SHALL BE EFFE CTIVE AS PROVIDED IN ANY 24
APPLICABLE AUTHORITY RESOLUTION . 25
(G) THE FUND CONSISTS OF: 26
(1) MONEY DISTRIBUTED TO THE FUND UNDER § 9–120(B) OF THE 27
STATE GOVERNMENT ARTICLE; 28
4 HOUSE BILL 524
(2) MONEY APPROPRIATED F OR DEPOSIT IN THE FUND; 1
(3) PROCEEDS FROM THE SA LE OF BONDS CONCERNI NG THE 2
CAMDEN YARDS FOOTBALL SPORTS FACILITY; 3
(4) REVENUES COLLECTED O R RECEIVED FROM ANY SOURCE 4
UNDER THIS SUBTITLE RELATED TO THE CAMDEN YARDS FOOTBALL SPORTS 5
FACILITY; 6
(5) ANY INTEREST EARNING S OF THE FUND; AND 7
(6) ANY ADDITIONAL MONEY MADE AVAILABLE FROM ANY SOURCE 8
FOR THE PURPOSES ESTABLISHED FOR THE FUND. 9
(H) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE 10
FUND IN THE SAME MANN ER AS OTHER STATE FUNDS. 11
(2) ANY INVESTMENT OR INT EREST EARNINGS SHALL BE 12
CREDITED TO THE FUND. 13
(3) NO PART OF THE FUND MAY REVERT OR BE CREDITED TO THE 14
GENERAL FUND OF THE STATE OR ANY SPECIAL FUND OF THE STATE. 15
10–652.2. 16
(A) IN THIS SECTION, “FUND” MEANS THE CAMDEN YARDS BASEBALL 17
SPORTS FACILITY SUPPLEMENTAL FINANCING FUND. 18
(B) THERE IS A CAMDEN YARDS BASEBALL SPORTS FACILITY 19
SUPPLEMENTAL FINANCING FUND. 20
(C) THE PURPOSE OF THE FUND IS TO ENABLE THE AUTHORITY TO: 21
(1) USE THE FUND AS A REVOLVING F UND FOR IMPLEMENTING 22
THIS SUBTITLE AS IT RELATES TO THE CAMDEN YARDS BASEBALL SPORTS 23
FACILITY; AND 24
(2) PAY ANY EXPENSES INC URRED BY THE AUTHORITY THAT ARE 25
RELATED TO THE CAMDEN YARDS BASEBALL SPORTS FACILITY . 26
(D) THE AUTHORITY SHALL ADMIN ISTER THE FUND. 27
HOUSE BILL 524 5
(E) (1) THE FUND IS A CONTINUING , NONLAPSING FUND THAT IS NOT 1
SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 2
(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 3
AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 4
(F) (1) TO THE EXTENT CONSIDE RED APPROPRIATE BY T HE 5
AUTHORITY, THE RECEIPT S OF THE FUND SHALL BE PLEDGED TO AND CHARGED 6
WITH THE FOLLOWING R ELATED TO THE CAMDEN YARDS BASEBALL SPORTS 7
FACILITY: 8
(I) PAYMENT OF DEBT SERV ICE ON AUTHORITY BONDS ; 9
(II) ALL REASONABLE CHARGES AND EXPENSES RELATED TO 10
THE AUTHORITY’S BORROWING ; AND 11
(III) THE MANAGEMENT OF AUTHORITY OBLIGATION S. 12
(2) THE PLEDGE SHALL BE E FFECTIVE AS PROVIDED IN ANY 13
APPLICABLE AUTHORITY RESOLUTION . 14
(G) THE FUND CONSISTS OF : 15
(1) MONEY DISTRIBUTED TO THE FUND UNDER § 9–120(B) OF THE 16
STATE GOVERNMENT ARTICLE; 17
(2) MONEY APPROPRIATED F OR DEPOSIT IN THE FUND; 18
(3) PROCEEDS FROM THE SA LE OF BONDS CONCERNI NG THE 19
CAMDEN YARDS BASEBALL SPORTS FACILITY ; 20
(4) REVENUES COLLECTED O R RECEIVED FROM ANY SOURCE 21
UNDER THIS SUBTITLE RELATE D TO THE CAMDEN YARDS BASEBALL SPORTS 22
FACILITY; 23
(5) ANY INTEREST EARNING S OF THE FUND; AND 24
(6) ANY ADDITIONAL MONEY MADE AVAILABLE FROM ANY SOURCE 25
FOR THE PURPOSES EST ABLISHED FOR THE FUND. 26
(H) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE 27
FUND IN THE SAME MANN ER AS OTHER STATE FUNDS. 28
6 HOUSE BILL 524
(2) ANY INVESTMENT OR INT EREST EARNINGS SHALL BE 1
CREDITED TO THE FUND. 2
(3) NO PART OF THE FUND MAY REVERT OR BE CREDITED TO THE 3
GENERAL FUND OF THE STATE OR ANY SPECIAL FUND OF THE STATE. 4
Article – State Finance and Procurement 5
6–226. 6
(a) (2) (i) Notwithstanding any other provision of law, and unless 7
inconsistent with a federal law, grant agreement, or other federal requirement or with 8
the terms of a gift or settlement agreement, net interest on all State money allocated 9
by the State Treasurer under this section to special funds or accounts, and otherwise 10
entitled to receive interest earnings, as accounted for by the Comptroller, shall accrue 11
to the General Fund of the State. 12
(ii) The provisions of subparagraph (i) of this paragraph do not 13
apply to the following funds: 14
170. the Cannabis Public Health Fund; [and] 15
171. the Community Reinvestment and Repair Fund; 16
172. THE CAMDEN YARDS BASEBALL SPORTS FACILITY 17
SUPPLEMENTAL FINANCING FUND; AND 18
173. THE CAMDEN YARDS FOOTBALL SPORTS FACILITY 19
SUPPLEMENTAL FINANCING FUND. 20
Article – State Government 21
9–120. 22
(a) The Comptroller shall distribute, or cause to be distributed, the State Lottery 23
Fund to pay: 24
(1) on a pro rata basis for the daily and nondaily State lottery games, the 25
expenses of administering and operating the State lottery, as authorized under this subtitle 26
and the State budget; and 27
(2) then, except as provided in § 10–113.1 of the Family Law Article, § 28
11–618 of the Criminal Procedure Article, and § 3–307 of the State Finance and 29
Procurement Article, the holder of each winning ticket or share. 30
HOUSE BILL 524 7
(b) (1) By the end of the month following collection, the Comptroller shall 1
deposit, cause to be deposited, or pay: 2
(i) 1. AFTER JUNE 30, 2023, BUT NOT LATER THAN JUNE 3
30, 2026, into the Maryland Stadium Facilities Fund established under § 7–312 of the 4
State Finance and Procurement Article from the money that remains in the State Lottery 5
Fund, after the distribution under subsection (a) of this section, an amount not to exceed 6
[$90,000,000] $14,200,000 in [any] EACH fiscal year; 7
2. AFTER JUNE 30, 2023, BUT NOT LATER THAN JUNE 8
30, 2026, FROM THE MONEY THAT REMAINS IN THE STATE LOTTERY FUND AFTER 9
THE DISTRIBUTION UND ER SUBSECTION (A) OF THIS SECTION , AN AMOUNT FOR 10
EACH FISCAL YEAR NOT TO EXCEED: 11
A. $34,900,000 INTO THE CAMDEN YARDS FOOTBALL 12
SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R § 13
10–652.1 OF THE ECONOMIC DEVELOPMENT ARTICLE; AND 14
B. $40,900,000 INTO THE CAMDEN YARDS BASEBALL 15
SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R § 16
10–652.2 OF THE ECONOMIC DEVELOPMENT ARTICLE; 17
3. AFTER JUNE 30, 2026, BUT NOT LATER THAN JUNE 18
30, 2039, INTO THE MARYLAND STADIUM FACILITIES FUND ESTABLISHED UNDE R § 19
7–312 OF THE STATE FINANCE AND PROCUREMENT ARTICLE FROM THE MONE Y 20
THAT REMAINS IN THE STATE LOTTERY FUND, AFTER THE DISTRIBUTION UNDER 21
SUBSECTION (A) OF THIS SECTION, AN AMOUNT NOT TO EXC EED $3,360,000 IN EACH 22
FISCAL YEAR; 23
4. AFTER JUNE 30, 2026, BUT NOT LATER THAN JUNE 24
30, 2039, FROM THE MONEY THAT REMAINS IN THE STATE LOTTERY FUND AFTER 25
THE DISTRIBUTION UND ER SUBSECTION (A) OF THIS SECTION , AN AMOUNT FOR 26
EACH FISCAL YEAR NOT TO EXCEED: 27
A. $45,000,000 INTO THE CAMDEN YARDS FOOTBALL 28
SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R § 29
10–652.1 OF THE ECONOMIC DEVELOPMENT ARTICLE; AND 30
B. $41,640,000 INTO THE CAMDEN YARDS BASEBALL 31
SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R § 32
10–652.2 OF THE ECONOMIC DEVELOPMENT ARTICLE; AND 33
5. AFTER JUNE 30, 2039, FROM THE MONEY THAT 34
REMAINS IN THE STATE LOTTERY FUND AFTER THE DIST RIBUTION UNDER 35 8 HOUSE BILL 524
SUBSECTION (A) OF THIS SECTION , AN AMOUNT FOR EACH F ISCAL YEAR NOT TO 1
EXCEED: 2
A. $45,000,000 INTO THE CAMDEN YARDS FOOTBALL 3
SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R § 4
10–652.1 OF THE ECONOMIC DEVELOPMENT ARTICLE; AND 5
B. $45,000,000 INTO THE CAMDEN YARDS BASEBALL 6
SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R § 7
10–652.2 OF THE ECONOMIC DEVELOPMENT ARTICLE; 8
(ii) after June 30, 2014, into the Maryland Veterans Trust Fund 10% 9
of the money that remains in the State Lottery Fund from the proceeds of sales of tickets 10
from instant ticket lottery machines by veterans’ organizations under § 9–112(d) of this 11
subtitle, after the distribution under subsection (a) of this section; 12
(iii) after June 30, 2014, into the Baltimore City Public School 13
Construction Financing Fund established under § 10–656 of the Economic Development 14
Article the money that remains in the State Lottery Fund from the proceeds of all lotteries 15
after the distributions under subsection (a) of this section and items (i) and (ii) of this 16
paragraph, an amount equal to $20,000,000 in each fiscal year that bonds are outstanding 17
and unpaid, to be paid in two installments with at least $10,000,000 paid no later than 18
December 1 of each fiscal year; 19
(iv) after June 30, 2021, into the Racing and Community 20
Development Financing Fund established under § 10–657.2 of the Economic Development 21
Article from the money that remains in the State Lottery Fund, after the distribution under 22
subsection (a) of this section, an amount equal to $17,000,000 in each fiscal year until the 23
bonds issued for a racing facility have matured; 24
(v) after June 30, 2020, into the Michael Erin Busch Sports Fund 25
established under § 10–612.2 of the Economic Development Article from the money that 26
remains in the State Lottery Fund from the proceeds of all lotteries after the distributions 27
under subsection (a) of this section and items (i) through (iv) of this paragraph, an amount 28
equal to $1,000,000 in each fiscal year; 29
(vi) after June 30, 2021, a grant to the Maryland Humanities Council 30
for Maryland History Day and other programming from the money that remains in the 31
State Lottery Fund after the distributions under subsection (a) of this section and items (i) 32
through (v) of this paragraph, an amount equal to $150,000 in each fiscal year; 33
(vii) after June 30, 2021, to Anne Arundel County or Baltimore City 34
each fiscal year the amount required to be distributed under § 9–1A–31(a)(7)(ii) of this title 35
to be used as required under § 9–1A–31 of this title; 36
HOUSE BILL 524 9
(viii) after June 30, 2022, into the Maggie McIntosh School Arts Fund 1
established under § 5–243 of the Education Article from the money that remains in the 2
State Lottery Fund from the proceeds of all other lotteries after the distributions under 3
subsection (a) of this section and items (i) through (vii) of this paragraph, an amount equal 4
to $250,000 in each fiscal year; 5
(ix) after June 1, 2022, to the Sports Entertainment Facilities 6
Financing Fund established under § 10–657.5 of the Economic Development Article from 7
the money that remains in the State Lottery Fund from the proceeds of all lotteries after 8
the distributions under subsection (a) of this section and items (i) through (viii) of this 9
paragraph, an amount not to exceed $25,000,000 to be paid in two installments not later 10
than November 1 and June 1 of each fiscal year; 11
(x) after June 30, 2022, to the Major Sports and Entertainment 12
Event Program Fund established under § 10–611.2 of the Economic Development Article 13
from the money that remains in the State Lottery Fund from the proceeds of all lotteries 14
after the distributions under subsection (a) of this section and items (i) through (ix) of this 15
paragraph: 16
1. for fiscal year 2023, an amount equal to $10,000,000; and 17
2. for each fiscal year thereafter, the amount necessary to 18
restore the Major Sports and Entertainment Event Program Fund to a balance of 19
$10,000,000; 20
(xi) if a deposit or payment is made under item (i) of this paragraph, 21
an amount equal to the deposit or payment, but not exceeding $27,000,000, to the 22
Department of Transportation for bus rapid transit system grants in accordance with § 23
2–802 of the Transportation Article from the money that remains in the State Lottery Fund 24
from the proceeds of all lotteries after the distributions under subsection (a) of this section 25
and items (i) through (x) of this paragraph; 26
(xii) after June 30, 2023, into the Prince George’s County Blue Line 27
Corridor Facility Fund established under § 10–657.6 of the Economic Development Article 28
from the money that remains in the State Lottery Fund from the proceeds of all lotteries 29
after the distributions under subsection (a) of this section and items (i) through (xi) of this 30
paragraph, an amount not to exceed $27,000,000 to be paid in two installments not later 31
than November 1 and June 1 of each fiscal year; and 32
(xiii) into the General Fund of the State the money that remains in the 33
State Lottery Fund from the proceeds of all lotteries after the distributions under 34
subsection (a) of this section and items (i) through (xii) of this paragraph. 35
(2) The money paid into the General Fund under this subsection is 36
available in the fiscal year in which the money accumulates in the State Lottery Fund. 37
10 HOUSE BILL 524
(c) The regulations of the Agency shall apportion the money in the State Lottery 1
Fund in accordance with subsection (b) of this section. 2
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 3
1, 2023. 4