Maryland 2023 Regular Session

Maryland House Bill HB524 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	WES MOORE, Governor Ch. 112
2	1
3		-	– 1 –
4		-	Chapter 112
5		-	(House Bill 524)
6	2
7		-	AN ACT concerning
	3	+	EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G 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	+	Italics indicate opposite chamber/conference committee amendments.
	9	+	hb0524
8	10
9		-	Maryland Stadium Authority – Supplemental Financing Funds – Camden Yards
10		-	Sports Facilities Funds and Bus Rapid Transit Fund
	11	+	HOUSE BILL 524
	12	+	C8 (3lr1413)
	13	+	ENROLLED BILL
	14	+	— Appropriations/Budget and Taxation —
	15	+	Introduced by Chair, Appropriations Committee (By Request – Departmental –
	16	+	Stadium Authority)
11	17
12		-	FOR the purpose of altering the membership of the Maryland Stadium Authority;
13		-	establishing the Camden Yards Football Sports Facility Supplemental Financing
14		-	Fund and the Camden Yards Baseball Sports Facility Supplemental Financing Fund
15		-	as special, nonlapsing funds to enable the Maryland Stadium Authority to take
16		-	certain actions; requiring the Authority to administer the funds; requiring interest
17		-	earnings of the funds to be credited to the funds; altering the amount the Comptroller
18		-	is required to distribute from the State Lottery Fund to certain funds; altering the
19		-	distribution of grants for bus rapid transit under certain circumstances; establishing
20		-	the Bus Rapid Transit Fund as a special, nonlapsing fund to provide grants to certain
21		-	eligible grantees; and generally relating to the financing of Camden Yards sports
22		-	facilities Maryland Stadium Authority.
	18	+	Read and Examined by Proofreaders:
23	19
24		-	BY repealing and reenacting, without amendments,
25		-	Article – Economic Development
26		-	Section 10–601(a) and (ccc)
27		-	Annotated Code of Maryland
28		-	(2018 Replacement Volume and 2022 Supplement)
	20	+	_______________________________________________
	21	+	Proofreader.
	22	+	_______________________________________________
	23	+	Proofreader.
29	24
30		-	BY repealing and reenacting, with amendments,
31		-	Article – Economic Development
32		-	Section 10–601(oo) and (pp), 10–605, and 10–607(b)
33		-	Annotated Code of Maryland
34		-	(2018 Replacement Volume and 2022 Supplement)
	25	+	Sealed with the Great Seal and presented to the Governor, for his approval this
35	26
36		-	BY adding to
37		-	Article – Economic Development
38		-	Section 10–652.1 and 10–652.2
39		-	Annotated Code of Maryland
40		-	(2018 Replacement Volume and 2022 Supplement)
	27	+	_______ day of _______________ at ________________________ o’clock, ________M.
41	28
42		-	BY repealing and reenacting, without amendments,
43		-	Article – State Finance and Procurement
44		-	Section 6–226(a)(2)(i)
45		-	Annotated Code of Maryland
46		-	(2021 Replacement Volume and 2022 Supplement)
	29	+	______________________________________________
	30	+	Speaker.
47	31
48		-	BY repealing and reenacting, with amendments,
49		-	Article – State Finance and Procurement Ch. 112 2023 LAWS OF MARYLAND
	32	+	CHAPTER ______
50	33
51		-	– 2 –
52		-	Section 6–226(a)(2)(ii)170. and 171.
53		-	Annotated Code of Maryland
54		-	(2021 Replacement Volume and 2022 Supplement)
	34	+	AN ACT concerning 1
55	35
56		-	BY adding to
57		-	Article – State Finance and Procurement
58		-	Section 6–226(a)(2)(ii)172. and, 173., and 174.
59		-	Annotated Code of Maryland
60		-	(2021 Replacement Volume and 2022 Supplement)
	36	+	Maryland Stadium Authority – Supplemental Financing Funds – Camden Yards 2
	37	+	Sports Facilities Funds and Bus Rapid Transit Fund 3
61	38
62		-	BY repealing and reenacting, with amendments,
63		-	Article – State Government
64		-	Section 9–120
65		-	Annotated Code of Maryland
66		-	(2021 Replacement Volume and 2022 Supplement)
	39	+	FOR the purpose of altering the membership of the Maryland Stadium Authority; 4
	40	+	establishing the Camden Yards Football Sports Facility Supplemental Financing 5
	41	+	Fund and the Camden Yards Baseball Sports Facility Supplemental Financing Fund 6
	42	+	as special, nonlapsing funds to enable the Maryland Stadium Authority to take 7
	43	+	certain actions; requiring the Authority to administer the funds; requiring interest 8
	44	+	earnings of the funds to be credited to the funds; altering the amount the Comptroller 9
	45	+	is required to distribute from the State Lottery Fund to certain funds; altering the 10
	46	+	distribution of grants for bus rapid transit under certain circumstances; establishing 11
	47	+	the Bus Rapid Transit Fund as a special, nonlapsing fund to provide grants to certain 12
	48	+	eligible grantees; and generally relating to the financing of Camden Yards sports 13
	49	+	facilities Maryland Stadium Authority. 14 2 HOUSE BILL 524
67	50
68		-	BY repealing and reenacting, with amendments,
69		-	Article – Transportation
70		-	Section 2–802
71		-	Annotated Code of Maryland
72		-	(2020 Replacement Volume and 2022 Supplement)
73	51
74		-	BY adding to
75		-	Article – Transportation
76		-	Section 2–802.1
77		-	Annotated Code of Maryland
78		-	(2020 Replacement Volume and 2022 Supplement)
79	52
80		-	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND,
81		-	That the Laws of Maryland read as follows:
	53	+	BY repealing and reenacting, without amendments, 1
	54	+	Article – Economic Development 2
	55	+	Section 10–601(a) and (ccc) 3
	56	+	Annotated Code of Maryland 4
	57	+	(2018 Replacement Volume and 2022 Supplement) 5
82	58
83		-	Article – Economic Development
	59	+	BY repealing and reenacting, with amendments, 6
	60	+	Article – Economic Development 7
	61	+	Section 10–601(oo) and (pp), 10–605, and 10–607(b) 8
	62	+	Annotated Code of Maryland 9
	63	+	(2018 Replacement Volume and 2022 Supplement) 10
84	64
85		-	10–601.
	65	+	BY adding to 11
	66	+	Article – Economic Development 12
	67	+	Section 10–652.1 and 10–652.2 13
	68	+	Annotated Code of Maryland 14
	69	+	(2018 Replacement Volume and 2022 Supplement) 15
86	70
87		-	(a) In this subtitle the following words have the meanings indicated.
	71	+	BY repealing and reenacting, without amendments, 16
	72	+	Article – State Finance and Procurement 17
	73	+	Section 6–226(a)(2)(i) 18
	74	+	Annotated Code of Maryland 19
	75	+	(2021 Replacement Volume and 2022 Supplement) 20
88	76
89		-	~~(oo) “Prince~~ ~~George’s County Blue Line Corridor” means an area~~, ~~the specific~~
90		-	~~boundaries of which are designated by public local law, in central Prince George’s County~~
91		-	~~[near] IN the intersections of [I~~–~~495~~ and ~~Landover Road,~~ ~~Arena Drive, and Central~~
92		-	~~Avenue]~~ MARYLAND ~~ROUTE 704, MARYLAND ROUTE 214, AND MARYLAND ROUTE~~
93		-	~~202.~~
	77	+	BY repealing and reenacting, with amendments, 21
	78	+	Article – State Finance and Procurement 22
	79	+	Section 6–226(a)(2)(ii)170. and 171. 23
	80	+	Annotated Code of Maryland 24
	81	+	(2021 Replacement Volume and 2022 Supplement) 25
94	82
95		-	(pp) (1) “Prince George’s County Blue Line Corridor facility” means a facility
96		-	located within the Prince George’s County Blue Line Corridor that is:
97		-	WES MOORE, Governor Ch. 112
	83	+	BY adding to 26
	84	+	Article – State Finance and Procurement 27
	85	+	Section 6–226(a)(2)(ii)172. and, 173., and 174. 28
	86	+	Annotated Code of Maryland 29
	87	+	(2021 Replacement Volume and 2022 Supplement) 30
98	88
99		-	– 3 –
100		-	[(1)] (I) a convention center;
	89	+	BY repealing and reenacting, with amendments, 31
	90	+	Article – State Government 32
	91	+	Section 9–120 33
	92	+	Annotated Code of Maryland 34
	93	+	(2021 Replacement Volume and 2022 Supplement) 35
101	94
102		-	[(2)] (II) an arts and entertainment amphitheater; and
	95	+	BY repealing and reenacting, with amendments, 36
	96	+	Article – Transportation 37
	97	+	Section 2–802 38
	98	+	Annotated Code of Maryland 39 HOUSE BILL 524 3
103	99
104		-	[(3)] (III) any other functionally related structures, improvements,
105		-	infrastructure, furnishings, or equipment of the facility, including parking garages.
106	100
107		-	(2) “PRINCE GEORGE’S COUNTY BLUE LINE CORRIDOR FACILITY ”
108		-	DOES NOT INCLUDE A S PORTS FACILITY.
	101	+	(2020 Replacement Volume and 2022 Supplement) 1
109	102
110		-	(ccc) (1) “Sports facility” means:
	103	+	BY adding to 2
	104	+	Article – Transportation 3
	105	+	Section 2–802.1 4
	106	+	Annotated Code of Maryland 5
	107	+	(2020 Replacement Volume and 2022 Supplement) 6
111	108
112		-	(i) a stadium primarily for professional football, major league
113		-	professional baseball, or both, in the Baltimore metropolitan region, as defined in §
114		-	13–301 of this article;
	109	+	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 7
	110	+	That the Laws of Maryland read as follows: 8
115	111
116		-	(ii) practice fields or other areas where professional football or major
117		-	league professional baseball teams practice or perform; and
	112	+	Article – Economic Development 9
118	113
119		-	(iii) offices for professional football and major league professional
120		-	baseball teams or franchises.
	114	+	10–601. 10
121	115
122		-	(2) “Sports facility” includes parking lots, garages, and any other property
123		-	adjacent and directly related to an item listed in paragraph (1) of this subsection.
	116	+	(a) In this subtitle the following words have the meanings indicated. 11
124	117
125		-	(3) “Sports facility” does not include a sports entertainment facility.
	118	+	(oo) “Prince George’s County Blue Line Corridor” means an area, the specific 12
	119	+	boundaries of which are designated by public local law, in central Prince George’s County 13
	120	+	[near] IN the intersections of [I–495 and Landover Road, Arena Drive, and Central 14
	121	+	Avenue] MARYLAND ROUTE 704, MARYLAND ROUTE 214, AND MARYLAND ROUTE 15
	122	+	202. 16
126	123
127		-	10–605.
	124	+	(pp) (1) “Prince George’s County Blue Line Corridor facility” means a facility 17
	125	+	located within the Prince George’s County Blue Line Corridor that is: 18
128	126
129		-	~~(a)~~ (1) ~~The Authority consists of the following [nine~~] ~~10 11 members:~~
	127	+	[(1)] (I) a convention center; 19
130	128
131		-	(i) six SEVEN members appointed by the Governor, with the advice
132		-	and consent of the Senate;
	129	+	[(2)] (II) an arts and entertainment amphitheater; and 20
133	130
134		-	(ii) one member appointed by the President of the Senate;
	131	+	[(3)] (III) any other functionally related structures, improvements, 21
	132	+	infrastructure, furnishings, or equipment of the facility, including parking garages. 22
135	133
136		-	(~~iii~~) ~~one member appointed by the Speaker of the House of Delegates;~~
137		-	~~[and]~~
	134	+	(2) “PRINCE GEORGE’S COUNTY BLUE LINE CORRIDOR FACILITY ” 23
	135	+	DOES NOT INCLUDE A S PORTS FACILITY. 24
138	136
139		-	(iv) one member appointed by the Mayor of Baltimore City, with the
140		-	advice and consent of the Senate; AND
	137	+	(ccc) (1) “Sports facility” means: 25
141	138
142		-	(V) ~~ONE MEMBER APPOINTED BY THE COUNTY EXECUTIVE OF~~
143		-	~~PRINCE GEORGE’S COUNTY~~, ~~WITH~~ THE ~~ADVICE AND CONSENT OF THE SENATE.~~
144		-	~~Ch. 112 2023 LAWS~~ OF ~~MARYLAND~~
	139	+	(i) a stadium primarily for professional football, major league 26
	140	+	professional baseball, or both, in the Baltimore metropolitan region, as defined in § 27
	141	+	13–301 of this article; 28
145	142
146		-	~~– 4 –~~
147		-	~~(2) In making appointments,~~ ~~the Governor shall ensure that the~~
148		-	~~geographic areas of the State are represented.~~
	143	+	(ii) practice fields or other areas where professional football or major 29
	144	+	league professional baseball teams practice or perform; and 30
	145	+	4 HOUSE BILL 524
149	146
150		-	(b) (1) The term of a member is 4 years.
151	147
152		-	(2) ~~The terms of members are staggered as required by the terms provided~~
153		-	~~for members on October 1, 2008~~.
	148	+	(iii) offices for professional football and major league professional 1
	149	+	baseball teams or franchises. 2
154	150
155		-	(3) ~~At the end of a term~~, ~~a member continues to serve until a successor is~~
156		-	~~appointed~~ and ~~qualifies~~.
	151	+	(2) “Sports facility” includes parking lots, garages, and any other property 3
	152	+	adjacent and directly related to an item listed in paragraph (1) of this subsection. 4
157	153
158		-	(4) A member who is appointed after a term has begun serves only for the
159		-	rest of the term and until a successor is appointed and qualifies.
	154	+	(3) “Sports facility” does not include a sports entertainment facility. 5
160	155
161		-	(c) A member may be removed for incompetence, misconduct, or failure to
162		-	perform the duties of the position by:
	156	+	10–605. 6
163	157
164		-	(1) the ~~Governor, if appointed by~~ the ~~Governor;~~
	158	+	(a) (1) The Authority consists of the following [nine] 10 11 members: 7
165	159
166		-	(2) the President of the Senate, if appointed by the President;
	160	+	(i) six SEVEN members appointed by the Governor, with the advice 8
	161	+	and consent of the Senate; 9
167	162
168		-	(3) ~~the Speaker of the House of Delegates, if~~ appointed by the ~~Speaker~~; ~~[or]~~
	163	+	(ii) one member appointed by the President of the Senate; 10
169	164
170		-	(4) the Mayor of Baltimore City, if appointed by the Mayor; OR
	165	+	(iii) one member appointed by the Speaker of the House of Delegates; 11
	166	+	[and] 12
171	167
172		-	(5) THE ~~COUNTY EXECUTIVE~~ OF ~~PRINCE GEORGE’S COUNTY~~, IF
173		-	~~APPOINTED BY~~ THE ~~COUNTY EXECUTIVE.~~
	168	+	(iv) one member appointed by the Mayor of Baltimore City, with the 13
	169	+	advice and consent of the Senate; AND 14
174	170
175		-	10–607.
	171	+	(V) ONE MEMBER APPOINTED BY THE COUNTY EXECUTIVE OF 15
	172	+	PRINCE GEORGE’S COUNTY, WITH THE ADVICE AND CONSENT OF THE SENATE. 16
176	173
177		-	(b) (1) [Five] SIX members of the Authority are a quorum.
	174	+	(2) In making appointments, the Governor shall ensure that the 17
	175	+	geographic areas of the State are represented. 18
178	176
179		-	(2) Action by the Authority requires the affirmative vote of at least [five]
180		-	SIX members.
	177	+	(b) (1) The term of a member is 4 years. 19
181	178
182		-	10–652.1.
	179	+	(2) The terms of members are staggered as required by the terms provided 20
	180	+	for members on October 1, 2008. 21
183	181
184		-	(A) ~~IN THIS SECTION , “FUND” MEANS~~ THE ~~CAMDEN YARDS FOOTBALL~~
185		-	~~SPORTS FACILITY SUPPLEMENTAL FINANCING FUND~~.
	182	+	(3) At the end of a term, a member continues to serve until a successor is 22
	183	+	appointed and qualifies. 23
186	184
187		-	(B) ~~THERE~~ IS A ~~CAMDEN YARDS FOOTBALL SPORTS FACILITY~~
188		-	~~SUPPLEMENTAL FINANCING FUND~~.
	185	+	(4) A member who is appointed after a term has begun serves only for the 24
	186	+	rest of the term and until a successor is appointed and qualifies. 25
189	187
190		-	(C) ~~THE PURPOSE OF THE FUND IS~~ TO ~~ENABLE THE AUTHORITY TO:~~
191		-	~~WES MOORE,~~ ~~Governor~~ ~~Ch. 112~~
	188	+	(c) A member may be removed for incompetence, misconduct, or failure to 26
	189	+	perform the duties of the position by: 27
192	190
193		-	– 5 –
194		-	(1) USE THE FUND AS A REVOLVING F UND FOR IMPLEMENTING THIS
195		-	SUBTITLE AS IT RELAT ES TO THE CAMDEN YARDS FOOTBALL SPORTS FACILITY; AND
	191	+	(1) the Governor, if appointed by the Governor; 28
196	192
197		-	(2) PAY ANY EXPENSES INC URRED BY THE AUTHORITY THAT ARE
198		-	RELATED TO THE CAMDEN YARDS FOOTBALL SPORTS FACILITY.
	193	+	(2) the President of the Senate, if appointed by the President; 29 HOUSE BILL 524 5
199	194
200		-	(D) THE AUTHORITY SHALL ADMIN ISTER THE FUND.
201	195
202		-	(E) (1) THE FUND IS A CONTINUING , NONLAPSING FUND THAT IS NOT
203		-	SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE.
204	196
205		-	(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY ,
206		-	AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND.
	197	+	(3) the Speaker of the House of Delegates, if appointed by the Speaker; [or] 1
207	198
208		-	(F) (1) TO THE EXTENT CONSIDE RED APPROPRIATE BY THE AUTHORITY,
209		-	THE RECEIPTS OF THE FUND SHALL BE PLEDGED TO AND CHARGED WITH THE
210		-	FOLLOWING RELATED TO THE CAMDEN YARDS FOOTBALL SPORTS FACILITY:
	199	+	(4) the Mayor of Baltimore City, if appointed by the Mayor; OR 2
211	200
212		-	(I) PAYMENT OF DEBT SERV ICE ON AUTHORITY BONDS ;
	201	+	(5) THE COUNTY EXECUTIVE OF PRINCE GEORGE’S COUNTY, IF 3
	202	+	APPOINTED BY THE COUNTY EXECUTIVE. 4
213	203
214		-	(II) ALL REASONABLE CHARG ES AND EXPENSES RELATED TO
215		-	THE AUTHORITY’S BORROWING ; AND
	204	+	10–607. 5
216	205
217		-	(~~III~~) THE ~~MANAGEMENT OF~~ AUTHORITY ~~OBLIGATIONS~~ .
	206	+	(b) (1) [Five] SIX members of the Authority are a quorum. 6
218	207
219		-	(2) THE ~~PLEDGE SHALL BE E FFECTIVE AS PROVIDED IN ANY~~
220		-	~~APPLICABLE AUTHORITY RESOLUTION~~ .
	208	+	(2) Action by the Authority requires the affirmative vote of at least [five] 7
	209	+	SIX members. 8
221	210
222		-	~~(G) THE FUND CONSISTS OF :~~
	211	+	10–652.1. 9
223	212
224		-	(1) ~~MONEY DISTRIBUTED TO~~ THE ~~FUND UNDER § 9–120(B) OF THE~~
225		-	~~STATE GOVERNMENT ARTICLE;~~
	213	+	(A) IN THIS SECTION , “FUND” MEANS THE CAMDEN YARDS FOOTBALL 10
	214	+	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND. 11
226	215
227		-	(2) MONEY APPROPRIATED F OR DEPOSIT IN THE FUND;
	216	+	(B) THERE IS A CAMDEN YARDS FOOTBALL SPORTS FACILITY 12
	217	+	SUPPLEMENTAL FINANCING FUND. 13
228	218
229		-	(3) PROCEEDS FROM THE SA LE OF BONDS CONCERNI NG THE CAMDEN
230		-	YARDS FOOTBALL SPORTS FACILITY;
	219	+	(C) THE PURPOSE OF THE FUND IS TO ENABLE THE AUTHORITY TO: 14
231	220
232		-	(4) ~~REVENUES COLLECTED O R RECEIVED FROM ANY SOURCE UNDER~~
233		-	~~THIS~~ SUBTITLE ~~RELATED~~ TO THE CAMDEN YARDS FOOTBALL SPORTS FACILITY;
	221	+	(1) USE THE FUND AS A REVOLVING F UND FOR IMPLEMENTING THIS 15
	222	+	SUBTITLE AS IT RELAT ES TO THE CAMDEN YARDS FOOTBALL SPORTS FACILITY; AND 16
234	223
235		-	(5) ANY ~~INTEREST EARNING S OF~~ THE ~~FUND; AND~~
236		-	~~Ch.~~ ~~112 2023 LAWS OF MARYLAND~~
	224	+	(2) PAY ANY EXPENSES INC URRED BY THE AUTHORITY THAT ARE 17
	225	+	RELATED TO THE CAMDEN YARDS FOOTBALL SPORTS FACILITY. 18
237	226
238		-	– 6 –
239		-	(6) ANY ADDITIONAL MONEY MADE AVAILABLE FROM ANY SOURCE
240		-	FOR THE PURPOSES EST ABLISHED FOR THE FUND.
	227	+	(D) THE AUTHORITY SHALL ADMIN ISTER THE FUND. 19
241	228
242		-	(H) (1) THE ~~STATE TREASURER SHALL INVES T THE MONEY OF THE~~ FUND
243		-	IN THE ~~SAME MANNER A S OTHER~~ STATE ~~FUNDS~~.
	229	+	(E) (1) THE FUND IS A CONTINUING , NONLAPSING FUND THAT IS NOT 20
	230	+	SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 21
244	231
245		-	(2) ~~ANY INVESTMENT OR INT EREST EARNINGS~~ SHALL ~~BE CREDITED~~
246		-	TO THE FUND.
	232	+	(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 22
	233	+	AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 23
247	234
248		-	(3) NO PART OF THE FUND MAY REVERT OR BE CREDITED TO THE
249		-	GENERAL FUND OF THE STATE OR ANY SPECIAL FUND OF THE STATE.
	235	+	(F) (1) TO THE EXTENT CONSIDE RED APPROPRIATE BY THE AUTHORITY, 24
	236	+	THE RECEIPTS OF THE FUND SHALL BE PLEDGED TO AND CHARGED WITH THE 25
	237	+	FOLLOWING RELATED TO THE CAMDEN YARDS FOOTBALL SPORTS FACILITY: 26
250	238
251		-	10–652.2.
	239	+	(I) PAYMENT OF DEBT SERV ICE ON AUTHORITY BONDS ; 27
	240	+	6 HOUSE BILL 524
252	241
253		-	(A) IN THIS SECTION , “FUND” MEANS THE CAMDEN YARDS BASEBALL
254		-	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND.
255	242
256		-	(B) ~~THERE IS A CAMDEN YARDS BASEBALL SPORTS FACILITY~~
257		-	~~SUPPLEMENTAL FINANCING FUND.~~
	243	+	(II) ALL REASONABLE CHARG ES AND EXPENS ES RELATED TO 1
	244	+	THE AUTHORITY’S BORROWING ; AND 2
258	245
259		-	(C) THE ~~PURPOSE~~ OF ~~THE FUND IS TO ENABLE THE~~ AUTHORITY ~~TO:~~
	246	+	(III) THE MANAGEMENT OF AUTHORITY OBLIGATIONS . 3
260	247
261		-	(1) ~~USE~~ THE ~~FUND~~ AS ~~A REVOLVING F UND FOR IMPLEMENTING THIS~~
262		-	~~SUBTITLE AS IT RELAT ES TO THE CAMDEN YARDS BASEBALL SPORTS FACILITY; AND~~
	248	+	(2) THE PLEDGE SHALL BE E FFECTIVE AS PROVIDED IN ANY 4
	249	+	APPLICABLE AUTHORITY RESOLUTION . 5
263	250
264		-	(2) PAY ANY EXPENSES INC URRED BY THE AUTHORITY THAT ARE
265		-	RELATED TO THE CAMDEN YARDS BASEBALL SPORTS FACILITY.
	251	+	(G) THE FUND CONSISTS OF : 6
266	252
267		-	(D) THE AUTHORITY SHALL ADMIN ISTER THE FUND.
	253	+	(1) MONEY DISTRIBUTED TO THE FUND UNDER § 9–120(B) OF THE 7
	254	+	STATE GOVERNMENT ARTICLE; 8
268	255
269		-	(E) (1) THE FUND IS A CONTINUING , NONLAPSING FUND THAT IS NOT
270		-	SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE.
	256	+	(2) MONEY APPROPRIATED F OR DEPOSIT IN THE FUND; 9
271	257
272		-	(2) THE ~~STATE TREASURER SHALL HOLD~~ THE ~~FUND SEPARATELY ,~~
273		-	~~AND THE COMPTROLLER S HALL ACCOUNT FOR THE FUND.~~
	258	+	(3) PROCEEDS FROM THE SA LE OF BONDS CONCERNI NG THE CAMDEN 10
	259	+	YARDS FOOTBALL SPORTS FACILITY; 11
274	260
275		-	(F) (1) TO THE EXTENT CONSIDE RED APPROPRIATE BY T HE AUTHORITY,
276		-	THE RECEIPTS OF THE FUND SHALL BE PLEDGED TO AND CHARGED WITH THE
277		-	FOLLOWING RELATED TO THE CAMDEN YARDS BASEBALL SPORTS FACILITY:
	261	+	(4) REVENUES COLLECTED O R RECEIVED FROM ANY SOURCE UNDER 12
	262	+	THIS SUBTITLE RELATED TO THE CAMDEN YARDS FOOTBALL SPORTS FACILITY; 13
278	263
279		-	(I) ~~PAYMENT~~ OF ~~DEBT SERV ICE ON AUTHORITY BONDS~~ ;
	264	+	(5) ANY INTEREST EARNING S OF THE FUND; AND 14
280	265
281		-	(II) ~~ALL REASONABLE CHARG ES AND EXPENSES RELA TED TO~~
282		-	THE ~~AUTHORITY’S BORROWING ; AND WES MOORE, Governor Ch. 112~~
	266	+	(6) ANY ADDITIONAL MONEY MADE AVAILABLE FROM ANY SOURCE 15
	267	+	FOR THE PURPOSES EST ABLISHED FOR THE FUND. 16
283	268
284		-	– 7 –
	269	+	(H) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND 17
	270	+	IN THE SAME MANNER A S OTHER STATE FUNDS. 18
285	271
286		-	(III) THE MANAGEMENT OF AUTHORITY OBLIGATIONS .
	272	+	(2) ANY INVESTMENT OR INT EREST EARNINGS SHALL BE CREDITED 19
	273	+	TO THE FUND. 20
287	274
288		-	(2) THE ~~PLEDGE SHALL~~ BE ~~E FFECTIVE AS PROVIDED IN ANY~~
289		-	~~APPLICABLE AUTHORITY RESOLUTION~~ .
	275	+	(3) NO PART OF THE FUND MAY REVERT OR BE CREDITED TO THE 21
	276	+	GENERAL FUND OF THE STATE OR ANY SPECIAL FUND OF THE STATE. 22
290	277
291		-	~~(G) THE FUND CONSISTS OF :~~
	278	+	10–652.2. 23
292	279
293		-	(1) ~~MONEY DISTRIBUTED TO~~ THE ~~FUND UNDER § 9–120(B) OF THE~~
294		-	~~STATE GOVERNMENT ARTICLE;~~
	280	+	(A) IN THIS SECTION , “FUND” MEANS THE CAMDEN YARDS BASEBALL 24
	281	+	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND. 25
295	282
296		-	(2) MONEY APPROPRIATED F OR DEPOSIT IN THE FUND;
	283	+	(B) THERE IS A CAMDEN YARDS BASEBALL SPORTS FACILITY 26
	284	+	SUPPLEMENTAL FINANCING FUND. 27
297	285
298		-	(3) PROCEEDS FROM THE SA LE OF BONDS CONCERNI NG THE CAMDEN
299		-	YARDS BASEBALL SPORTS FACILITY;
	286	+	(C) THE PURPOSE OF THE FUND IS TO ENABLE THE AUTHORITY TO: 28 HOUSE BILL 524 7
300	287
301		-	(4) REVENUES COLLECTED O R RECEIVED FROM ANY SOURCE UNDER
302		-	THIS SUBTITLE RELATE D TO THE CAMDEN YARDS BASEBALL SPORTS FACILITY;
303	288
304		-	(5) ANY INTEREST EARNING S OF THE FUND; AND
305	289
306		-	(6) ~~ANY ADDITIONAL MONEY MADE AVAILABLE FROM ANY SOURCE~~
307		-	~~FOR~~ THE ~~PURPOSES EST ABLISHED FOR THE FUND.~~
	290	+	(1) USE THE FUND AS A REVOLVING F UND FOR IMPLEMENTING THIS 1
	291	+	SUBTITLE AS IT RELAT ES TO THE CAMDEN YARDS BASEBALL SPORTS FACILITY; AND 2
308	292
309		-	(H) ~~(1)~~ THE ~~STATE TREASURER SHALL INVES T THE MONEY OF THE FUND~~
310		-	IN THE ~~SAME MANNER A S OTHER STATE FUNDS~~.
	293	+	(2) PAY ANY EXPENSES INC URRED BY THE AUTHORITY THAT ARE 3
	294	+	RELATED TO THE CAMDEN YARDS BASEBALL SPORTS FACILITY. 4
311	295
312		-	(2) ANY INVESTMENT OR INT EREST EARNINGS SHALL BE CREDITED
313		-	TO THE FUND.
	296	+	(D) THE AUTHORITY SHALL ADMIN ISTER THE FUND. 5
314	297
315		-	(3) ~~NO PART OF~~ THE FUND ~~MAY REVERT OR BE CREDITED TO THE~~
316		-	~~GENERAL FUND~~ OF THE STATE ~~OR ANY SPECIAL FUND OF THE STATE~~.
	298	+	(E) (1) THE FUND IS A CONTINUING , NONLAPSING FUND THAT IS NOT 6
	299	+	SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 7
317	300
318		-	Article – State Finance and Procurement
	301	+	(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 8
	302	+	AND THE COMPTROLLER SHALL ACCOUNT FOR TH E FUND. 9
319	303
320		-	6–226.
	304	+	(F) (1) TO THE EXTENT CONSIDE RED APPROPRIATE BY T HE AUTHORITY, 10
	305	+	THE RECEIPTS OF THE FUND SHALL BE PLEDGED TO AND CHARGED WITH THE 11
	306	+	FOLLOWING RELATED TO THE CAMDEN YARDS BASEBALL SPORTS FACILITY: 12
321	307
322		-	(a) (2) (i) Notwithstanding any other provision of law, and unless
323		-	inconsistent with a federal law, grant agreement, or other federal requirement or with the
324		-	terms of a gift or settlement agreement, net interest on all State money allocated by the
325		-	State Treasurer under this section to special funds or accounts, and otherwise entitled to
326		-	receive interest earnings, as accounted for by the Comptroller, shall accrue to the General
327		-	Fund of the State.
328		-	Ch. 112 2023 LAWS OF MARYLAND
	308	+	(I) PAYMENT OF DEBT SERV ICE ON AUTHORITY BONDS ; 13
329	309
330		-	– 8 –
331		-	(ii) The provisions of subparagraph (i) of this paragraph do not apply
332		-	to the following funds:
	310	+	(II) ALL REASONABLE CHARG ES AND EXPENSES RELA TED TO 14
	311	+	THE AUTHORITY’S BORROWING ; AND 15
333	312
334		-	~~170.~~ the ~~Cannabis Public Health Fund;~~ ~~[and]~~
	313	+	(III) THE MANAGEMENT OF AUTHORITY OBLIGATIONS . 16
335	314
336		-	171. the Community Reinvestment and Repair Fund;
	315	+	(2) THE PLEDGE SHALL BE E FFECTIVE AS PROVIDED IN ANY 17
	316	+	APPLICABLE AUTHORITY RESOLUTION . 18
337	317
338		-	172. THE CAMDEN YARDS BASEBALL SPORTS FACILITY
339		-	SUPPLEMENTAL FINANCING FUND; AND
	318	+	(G) THE FUND CONSISTS OF : 19
340	319
341		-	~~173.~~ THE ~~CAMDEN YARDS FOOTBALL SPORTS FACILITY~~
342		-	~~SUPPLEMENTAL FINANCING FUND~~; ~~AND~~
	320	+	(1) MONEY DISTRIBUTED TO THE FUND UNDER § 9–120(B) OF THE 20
	321	+	STATE GOVERNMENT ARTICLE; 21
343	322
344		-	~~174.~~ THE ~~BUS RAPID TRANSIT FUND.~~
	323	+	(2) MONEY APPROPRIATED F OR DEPOSIT IN THE FUND; 22
345	324
346		-	Article – State Government
	325	+	(3) PROCEEDS FROM THE SA LE OF BONDS CONCERNI NG THE CAMDEN 23
	326	+	YARDS BASEBALL SPORTS FACILITY; 24
347	327
348		-	9–120.
	328	+	(4) REVENUES COLLECTED O R RECEIVED FROM ANY SOURCE UNDER 25
	329	+	THIS SUBTITLE RELATE D TO THE CAMDEN YARDS BASEBALL SPORTS FACILITY; 26
349	330
350		-	(a) The ~~Comptroller shall distribute,~~ ~~or cause to be distributed, the State Lottery~~
351		-	~~Fund to pay:~~
	331	+	(5) ANY INTEREST EARNING S OF THE FUND; AND 27
	332	+	8 HOUSE BILL 524
352	333
353		-	(1) on a pro rata basis for the daily and nondaily State lottery games, the
354		-	expenses of administering and operating the State lottery, as authorized under this subtitle
355		-	and the State budget; and
356	334
357		-	(2) then, except as provided in § 10–113.1 of the Family Law Article, §
358		-	11–618 of the Criminal Procedure Article, and § 3–307 of the State Finance and
359		-	Procurement Article, the holder of each winning ticket or share.
	335	+	(6) ANY ADDITIONAL MONEY MADE AVAILABLE FROM ANY SOURCE 1
	336	+	FOR THE PURPOSES EST ABLISHED FOR THE FUND. 2
360	337
361		-	(b) (1) By the ~~end~~ of the ~~month following collection, the Comptroller shall~~
362		-	~~deposit, cause to be deposited,~~ ~~or pay:~~
	338	+	(H) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND 3
	339	+	IN THE SAME MANNER A S OTHER STATE FUNDS. 4
363	340
364		-	(i) 1. AFTER JUNE 30, 2023, BUT NOT LATER THAN JUNE
365		-	30, 2026, into the Maryland Stadium Facilities Fund established under § 7–312 of the
366		-	State Finance and Procurement Article from the money that remains in the State Lottery
367		-	Fund, after the distribution under subsection (a) of this section, an amount not to exceed
368		-	[$90,000,000] $14,200,000 in [any] EACH fiscal year;
	341	+	(2) ANY INVESTMENT OR INT EREST EARNINGS SHALL BE CREDITED 5
	342	+	TO THE FUND. 6
369	343
370		-	2. AFTER JUNE 30, 2023, BUT NOT LATER THAN JUNE
371		-	30, 2026, FROM THE MONEY THAT REMAINS IN THE STATE LOTTERY FUND AFTER
372		-	THE DISTRIBUTION UND ER SUBSECTION (A) OF THIS SECTION , AN AMOUNT FOR
373		-	EACH FISCAL YEAR NOT TO EXCEED:
374		-	WES MOORE, Governor Ch. 112
	344	+	(3) NO PART OF THE FUND MAY REVERT OR BE CREDITED TO THE 7
	345	+	GENERAL FUND OF THE STATE OR ANY SPECIAL FUND OF THE STATE. 8
375	346
376		-	– 9 –
377		-	A. $34,900,000 INTO THE CAMDEN YARDS FOOTBALL
378		-	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R §
379		-	10–652.1 OF THE ECONOMIC DEVELOPMENT ARTICLE; AND
	347	+	Article – State Finance and Procurement 9
380	348
381		-	B. $40,900,000 INTO THE CAMDEN YARDS BASEBALL
382		-	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R §
383		-	10–652.2 OF THE ECONOMIC DEVELOPMENT ARTICLE;
	349	+	6–226. 10
384	350
385		-	~~3. AFTER JUNE 30~~, ~~2026, BUT NOT LATER THAN JUNE~~
386		-	30, ~~2039~~, ~~INTO~~ THE ~~MARYLAND STADIUM FACILITIES FUND ESTABLISHED UNDE R §~~
387		-	~~7–312~~ OF ~~THE~~ STATE ~~FINANCE AND PROCUREMENT ARTICLE FROM~~ THE ~~MONE Y~~
388		-	~~THAT REMAINS IN THE~~ STATE ~~LOTTERY FUND~~, ~~AFTER THE DISTRIBUTION U NDER~~
389		-	~~SUBSECTION (A) OF THIS SECTION~~, ~~AN AMOUNT NOT~~ TO ~~EXC EED $3,360,000 IN EACH~~
390		-	~~FISCAL YEAR;~~
	351	+	(a) (2) (i) Notwithstanding any other provision of law, and unless 11
	352	+	inconsistent with a federal law, grant agreement, or other federal requirement or with the 12
	353	+	terms of a gift or settlement agreement, net interest on all State money allocated by the 13
	354	+	State Treasurer under this section to special funds or accounts, and otherwise entitled to 14
	355	+	receive interest earnings, as accounted for by the Comptroller, shall accrue to the General 15
	356	+	Fund of the State. 16
391	357
392		-	4. AFTER JUNE 30, 2026, BUT NOT LATER THAN JUNE
393		-	30, 2039, FROM THE MONEY THAT REMAINS IN THE STATE LOTTERY FUND AFTER
394		-	THE DISTRIBUTION UND ER SUBSECTION (A) OF THIS SECTION , AN AMOUNT FOR
395		-	EACH FISCAL YEAR NOT TO EXCEED:
	358	+	(ii) The provisions of subparagraph (i) of this paragraph do not apply 17
	359	+	to the following funds: 18
396	360
397		-	A. $45,000,000 INTO THE CAMDEN YARDS FOOTBALL
398		-	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R §
399		-	10–652.1 OF THE ECONOMIC DEVELOPMENT ARTICLE; AND
	361	+	170. the Cannabis Public Health Fund; [and] 19
400	362
401		-	B. $41,640,000 INTO THE CAMDEN YARDS BASEBALL
402		-	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R §
403		-	10–652.2 OF THE ECONOMIC DEVELOPMENT ARTICLE; AND
	363	+	171. the Community Reinvestment and Repair Fund; 20
404	364
405		-	5. AFTER JUNE 30, 2039, FROM THE MONEY THAT
406		-	REMAINS IN THE STATE LOTTERY FUND AFTER THE DIST RIBUTION UNDER
407		-	SUBSECTION (A) OF THIS SECTION , AN AMOUNT FOR EACH F ISCAL YEAR NOT TO
408		-	EXCEED:
	365	+	172. THE CAMDEN YARDS BASEBALL SPORTS FACILITY 21
	366	+	SUPPLEMENTAL FINANCING FUND; AND 22
409	367
410		-	A. $45,000,000 INTO THE CAMDEN YARDS FOOTBALL
411		-	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R §
412		-	10–652.1 OF THE ECONOMIC DEVELOPMENT ARTICLE; AND
	368	+	173. THE CAMDEN YARDS FOOTBALL SPORTS FACILITY 23
	369	+	SUPPLEMENTAL FINANCING FUND; AND 24
413	370
414		-	B. $45,000,000 INTO THE CAMDEN YARDS BASEBALL
415		-	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R §
416		-	10–652.2 OF THE ECONOMIC DEVELOPMENT ARTICLE;
	371	+	174. THE BUS RAPID TRANSIT FUND. 25
417	372
418		-	(ii) after June 30, 2014, into the Maryland Veterans Trust Fund 10%
419		-	of the money that remains in the State Lottery Fund from the proceeds of sales of tickets Ch. 112 2023 LAWS OF MARYLAND
	373	+	Article – State Government 26
420	374
421		-	– 10 –
422		-	from instant ticket lottery machines by veterans’ organizations under § 9–112(d) of this
423		-	subtitle, after the distribution under subsection (a) of this section;
	375	+	9–120. 27
424	376
425		-	(iii) after June 30, 2014, into the Baltimore City Public School
426		-	Construction Financing Fund established under § 10–656 of the Economic Development
427		-	Article the money that remains in the State Lottery Fund from the proceeds of all lotteries
428		-	after the distributions under subsection (a) of this section and items (i) and (ii) of this
429		-	paragraph, an amount equal to $20,000,000 in each fiscal year that bonds are outstanding
430		-	and unpaid, to be paid in two installments with at least $10,000,000 paid no later than
431		-	December 1 of each fiscal year;
	377	+	(a) The Comptroller shall distribute, or cause to be distributed, the State Lottery 28
	378	+	Fund to pay: 29
	379	+	HOUSE BILL 524 9
432	380
433		-	(iv) after June 30, 2021, into the Racing and Community
434		-	Development Financing Fund established under § 10–657.2 of the Economic Development
435		-	Article from the money that remains in the State Lottery Fund, after the distribution under
436		-	subsection (a) of this section, an amount equal to $17,000,000 in each fiscal year until the
437		-	bonds issued for a racing facility have matured;
438	381
439		-	(v) after June 30, 2020, into the Michael Erin Busch Sports Fund
440		-	established under § 10–612.2 of the Economic Development Article from the money that
441		-	remains in the State Lottery Fund from the proceeds of all lotteries after the distributions
442		-	under subsection (a) of this section and items (i) through (iv) of this paragraph, an amount
443		-	equal to $1,000,000 in each fiscal year;
	382	+	(1) on a pro rata basis for the daily and nondaily State lottery games, the 1
	383	+	expenses of administering and operating the State lottery, as authorized under this subtitle 2
	384	+	and the State budget; and 3
444	385
445		-	(vi) after June 30, 2021, a grant to the Maryland Humanities Council
446		-	for Maryland History Day and other programming from the money that remains in the
447		-	State Lottery Fund after the distributions under subsection (a) of this section and items (i)
448		-	through (v) of this paragraph, an amount equal to $150,000 in each fiscal year;
	386	+	(2) then, except as provided in § 10–113.1 of the Family Law Article, § 4
	387	+	11–618 of the Criminal Procedure Article, and § 3–307 of the State Finance and 5
	388	+	Procurement Article, the holder of each winning ticket or share. 6
449	389
450		-	(vii) after June 30, 2021, to Anne Arundel County or Baltimore City
451		-	each fiscal year the amount required to be distributed under § 9–1A–31(a)(7)(ii) of this title
452		-	to be used as required under § 9–1A–31 of this title;
	390	+	(b) (1) By the end of the month following collection, the Comptroller shall 7
	391	+	deposit, cause to be deposited, or pay: 8
453	392
454		-	(~~viii~~) after June 30, ~~2022~~, ~~into the Maggie McIntosh School Arts Fund~~
455		-	established under § 5–~~243~~ of the ~~Education Article from the money that remains in the~~
456		-	State ~~Lottery Fund~~ from the ~~proceeds of all other lotteries after~~ the ~~distributions under~~
457		-	subsection (a) of this section ~~and items (i) through (vii) of this paragraph~~, an amount ~~equal~~
458		-	to $~~250~~,000 in each fiscal year;
	393	+	(i) 1. AFTER JUNE 30, 2023, BUT NOT LATER THAN JUNE 9
	394	+	30, 2026, into the Maryland Stadium Facilities Fund established under § 7–312 of the 10
	395	+	State Finance and Procurement Article from the money that remains in the State Lottery 11
	396	+	Fund, after the distribution under subsection (a) of this section, an amount not to exceed 12
	397	+	[$90,000,000] $14,200,000 in [any] EACH fiscal year; 13
459	398
460		-	(ix) after June 1, 2022, to the Sports Entertainment Facilities
461		-	Financing Fund established under § 10–657.5 of the Economic Development Article from
462		-	the money that remains in the State Lottery Fund from the proceeds of all lotteries after
463		-	the distributions under subsection (a) of this section and items (i) through (viii) of this
464		-	paragraph, an amount not to exceed $25,000,000 to be paid in two installments not later
465		-	than November 1 and June 1 of each fiscal year;
466		-	WES MOORE, Governor Ch. 112
	399	+	2. AFTER JUNE 30, 2023, BUT NOT LATER THAN JUNE 14
	400	+	30, 2026, FROM THE MONEY THAT REMAINS IN THE STATE LOTTERY FUND AFTER 15
	401	+	THE DISTRIBUTION UND ER SUBSECTION (A) OF THIS SECTION , AN AMOUNT FOR 16
	402	+	EACH FISCAL YEAR NOT TO EXCEED: 17
467	403
468		-	– 11 –
469		-	(x) after June 30, 2022, to the Major Sports and Entertainment
470		-	Event Program Fund established under § 10–611.2 of the Economic Development Article
471		-	from the money that remains in the State Lottery Fund from the proceeds of all lotteries
472		-	after the distributions under subsection (a) of this section and items (i) through (ix) of this
473		-	paragraph:
	404	+	A. $34,900,000 INTO THE CAMDEN YARDS FOOTBALL 18
	405	+	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R § 19
	406	+	10–652.1 OF THE ECONOMIC DEVELOPMENT ARTICLE; AND 20
474	407
475		-	1. for fiscal year 2023, an amount equal to $10,000,000; and
	408	+	B. $40,900,000 INTO THE CAMDEN YARDS BASEBALL 21
	409	+	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R § 22
	410	+	10–652.2 OF THE ECONOMIC DEVELOPMENT ARTICLE; 23
476	411
477		-	2. for each fiscal year thereafter, the amount necessary to
478		-	restore the Major Sports and Entertainment Event Program Fund to a balance of
479		-	$10,000,000;
	412	+	3. AFTER JUNE 30, 2026, BUT NOT LATER THAN JUNE 24
	413	+	30, 2039, INTO THE MARYLAND STADIUM FACILITIES FUND ESTABLISHED UNDE R § 25
	414	+	7–312 OF THE STATE FINANCE AND PROCUREMENT ARTICLE FROM THE MONE Y 26
	415	+	THAT REMAINS IN THE STATE LOTTERY FUND, AFTER THE DISTRIBUTION UNDER 27
	416	+	SUBSECTION (A) OF THIS SECTION, AN AMOUNT NOT TO EXC EED $3,360,000 IN EACH 28
	417	+	FISCAL YEAR; 29
480	418
481		-	(xi) if a deposit or payment is made under item (i) (I)2 THROUGH 5
482		-	of this paragraph, an amount equal to the TOTAL deposit or payment UNDER ITEM (I)2
483		-	THROUGH 5 OF THIS PARAGRAPH , but not exceeding $27,000,000, to the Department of
484		-	Transportation INTO THE BUS RAPID TRANSIT FUND ESTABLISHED UNDE R § 2–802.1
485		-	OF THE TRANSPORTATIO N ARTICLE for bus rapid transit system grants in accordance
486		-	with § 2–802 of the Transportation Article from the money that remains in the State
487		-	Lottery Fund from the proceeds of all lotteries after the distributions under subsection (a)
488		-	of this section and items (i) through (x) of this paragraph;
	419	+	4. AFTER JUNE 30, 2026, BUT NOT LATER THAN JUNE 30
	420	+	30, 2039, FROM THE MONEY THAT REMAINS IN THE STATE LOTTERY FUND AFTER 31
	421	+	THE DISTRIBUTION UND ER SUBSECTION (A) OF THIS SECTION , AN AMOUNT FOR 32
	422	+	EACH FISCAL YEAR NOT TO EXCEED: 33
489	423
490		-	(xii) after June 30, 2023, into the Prince George’s County Blue Line
491		-	Corridor Facility Fund established under § 10–657.6 of the Economic Development Article
492		-	from the money that remains in the State Lottery Fund from the proceeds of all lotteries
493		-	after the distributions under subsection (a) of this section and items (i) through (xi) of this
494		-	paragraph, an amount not to exceed $27,000,000 to be paid in two installments not later
495		-	than November 1 and June 1 of each fiscal year; and
	424	+	A. $45,000,000 INTO THE CAMDEN YARDS FOOTBALL 34
	425	+	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R § 35
	426	+	10–652.1 OF THE ECONOMIC DEVELOPMENT ARTICLE; AND 36 10 HOUSE BILL 524
496	427
497		-	(xiii) into the General Fund of the State the money that remains in the
498		-	State Lottery Fund from the proceeds of all lotteries after the distributions under
499		-	subsection (a) of this section and items (i) through (xii) of this paragraph.
500	428
501		-	(2) The money paid into the General Fund under this subsection is
502		-	available in the fiscal year in which the money accumulates in the State Lottery Fund.
503	429
504		-	(c) The regulations of the Agency shall apportion the money in the State Lottery
505		-	Fund in accordance with subsection (b) of this section.
	430	+	B. $41,640,000 INTO THE CAMDEN YARDS BASEBALL 1
	431	+	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R § 2
	432	+	10–652.2 OF THE ECONOMIC DEVELOPMENT ARTICLE; AND 3
506	433
507		-	Article – Transportation
	434	+	5. AFTER JUNE 30, 2039, FROM THE MONEY THAT 4
	435	+	REMAINS IN THE STATE LOTTERY FUND AFTER THE DISTRI BUTION UNDER 5
	436	+	SUBSECTION (A) OF THIS SECTION , AN AMOUNT FOR EACH F ISCAL YEAR NOT TO 6
	437	+	EXCEED: 7
508	438
509		-	2–802.
	439	+	A. $45,000,000 INTO THE CAMDEN YARDS FOOTBALL 8
	440	+	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R § 9
	441	+	10–652.1 OF THE ECONOMIC DEVELOPMENT ARTICLE; AND 10
510	442
511		-	(a) (1) In this section the following words have the meanings indicated.
512		-	Ch. 112 2023 LAWS OF MARYLAND
	443	+	B. $45,000,000 INTO THE CAMDEN YARDS BASEBALL 11
	444	+	SPORTS FACILITY SUPPLEMENTAL FINANCING FUND ESTABLISHED UNDE R § 12
	445	+	10–652.2 OF THE ECONOMIC DEVELOPMENT ARTICLE; 13
513	446
514		-	~~– 12 –~~
515		-	~~(2) “Bus rapid transit system” means a bus line~~ that ~~operates on at least~~
516		-	~~some portion~~ of ~~roadway dedicated to buses and offers off–board fare collection OR~~
517		-	~~ANOTHER FORM~~ OF ~~HIGH EFFICIENCY FARE COLL ECTION if a fare is charged.~~
	447	+	(ii) after June 30, 2014, into the Maryland Veterans Trust Fund 10% 14
	448	+	of the money that remains in the State Lottery Fund from the proceeds of sales of tickets 15
	449	+	from instant ticket lottery machines by veterans’ organizations under § 9–112(d) of this 16
	450	+	subtitle, after the distribution under subsection (a) of this section; 17
518	451
519		-	(3) “Eligible grantee” means a county or municipal corporation that has:
	452	+	(iii) after June 30, 2014, into the Baltimore City Public School 18
	453	+	Construction Financing Fund established under § 10–656 of the Economic Development 19
	454	+	Article the money that remains in the State Lottery Fund from the proceeds of all lotteries 20
	455	+	after the distributions under subsection (a) of this section and items (i) and (ii) of this 21
	456	+	paragraph, an amount equal to $20,000,000 in each fiscal year that bonds are outstanding 22
	457	+	and unpaid, to be paid in two installments with at least $10,000,000 paid no later than 23
	458	+	December 1 of each fiscal year; 24
520	459
521		-	(i) A bus rapid transit system that operates in the county or
522		-	municipal corporation; and
	460	+	(iv) after June 30, 2021, into the Racing and Community 25
	461	+	Development Financing Fund established under § 10–657.2 of the Economic Development 26
	462	+	Article from the money that remains in the State Lottery Fund, after the distribution under 27
	463	+	subsection (a) of this section, an amount equal to $17,000,000 in each fiscal year until the 28
	464	+	bonds issued for a racing facility have matured; 29
523	465
524		-	(ii) No ongoing or completed facility, as that term is defined in §
525		-	10–601(s)(1), (4), (8), (9), or (10) of the Economic Development Article.
	466	+	(v) after June 30, 2020, into the Michael Erin Busch Sports Fund 30
	467	+	established under § 10–612.2 of the Economic Development Article from the money that 31
	468	+	remains in the State Lottery Fund from the proceeds of all lotteries after the distributions 32
	469	+	under subsection (a) of this section and items (i) through (iv) of this paragraph, an amount 33
	470	+	equal to $1,000,000 in each fiscal year; 34
526	471
527		-	(b) (1) Subject to paragraph (2) of this subsection, if a deposit or payment is
528		-	made in accordance with [§ 9–120(b)(1)(i)] § 9–120(B)(1)(I)2 THROUGH 5 of the State
529		-	Government Article into the Maryland Stadium Authority Facilities Fund established
530		-	under § 7–312 of the State Finance and Procurement Article, AND THERE IS ONLY ON E
531		-	ELIGIBLE GRANTEE , then the Department shall award a grant to [an] THE eligible
532		-	grantee equal to the amount distributed to the Department under § 9–120(b)(1)(x) §
533		-	9–120(B)(1)(XI) of the State Government Article.
	472	+	(vi) after June 30, 2021, a grant to the Maryland Humanities Council 35
	473	+	for Maryland History Day and other programming from the money that remains in the 36 HOUSE BILL 524 11
534	474
535		-	(2) (I) IF THERE ARE TWO ELIG IBLE GRANTEES , AND ONE
536		-	ELIGIBLE GRANTEE IS MONTGOMERY COUNTY, THE DEPARTMENT SHALL
537		-	DISTRIBUTE $20,000,000 TO MONTGOMERY COUNTY AND THE REMAIN ING AMOUNT
538		-	OF THE DEPOSIT OR PA YMENT UNDER § 9–120(B)(1)(X) § 9–120(B)(1)(XI) OF THE
539		-	STATE GOVERNMENT ARTICLE TO THE REMAIN ING ELIGIBLE GRANTEE .
540	475
541		-	[(2)] (II) If more than [one county or municipal corporation is an] THREE
542		-	COUNTIES OR MUNICIPA L CORPORATIONS ARE eligible [grantee] GRANTEES, AND ONE
543		-	ELIGIBLE GRANTEE IS MONTGOMERY COUNTY, then the Department shall distribute
544		-	[the]:
	476	+	State Lottery Fund after the distributions under subsection (a) of this section and items (i) 1
	477	+	through (v) of this paragraph, an amount equal to $150,000 in each fiscal year; 2
545	478
546		-	1. NOT LESS THAN $20,000,000 TO MONTGOMERY
547		-	COUNTY IF MONTGOMERY COUNTY REMAINS AN ELI GIBLE COUNTY ; AND
	479	+	(vii) after June 30, 2021, to Anne Arundel County or Baltimore City 3
	480	+	each fiscal year the amount required to be distributed under § 9–1A–31(a)(7)(ii) of this title 4
	481	+	to be used as required under § 9–1A–31 of this title; 5
548	482
549		-	2. THE total REMAINING amount of the deposit or payment
550		-	under § 9–120(b)(1)(x) § 9–120(B)(1)(XI) of the State Government Article to the
551		-	REMAINING eligible grantees based on each eligible grantee’s pro rata share of the
552		-	statewide population.
	483	+	(viii) after June 30, 2022, into the Maggie McIntosh School Arts Fund 6
	484	+	established under § 5–243 of the Education Article from the money that remains in the 7
	485	+	State Lottery Fund from the proceeds of all other lotteries after the distributions under 8
	486	+	subsection (a) of this section and items (i) through (vii) of this paragraph, an amount equal 9
	487	+	to $250,000 in each fiscal year; 10
553	488
554		-	(III) IF MONTGOMERY COUNTY IS NOT AN ELIG IBLE GRANTEE ,
555		-	AND MORE THAN ONE CO UNTY OR MUNICIPAL CO RPORATION ARE ELIGIB LE
556		-	GRANTEES, THEN THE DEPARTMENT SHALL DIST RIBUTE THE TOTAL AMO UNT OF
557		-	THE DEPOSIT PAYMENT UNDER § 9–120(B)(1)(X) § 9–120(B)(1)(XI) OF THE STATE WES MOORE, Governor Ch. 112
	489	+	(ix) after June 1, 2022, to the Sports Entertainment Facilities 11
	490	+	Financing Fund established under § 10–657.5 of the Economic Development Article from 12
	491	+	the money that remains in the State Lottery Fund from the proceeds of all lotteries after 13
	492	+	the distributions under subsection (a) of this section and items (i) through (viii) of this 14
	493	+	paragraph, an amount not to exceed $25,000,000 to be paid in two installments not later 15
	494	+	than November 1 and June 1 of each fiscal year; 16
558	495
559		-	– 13 –
560		-	GOVERNMENT ARTICLE TO THE ELIGIB LE GRANTEES BASED ON EACH ELIGIBLE
561		-	GRANTEE’S PRO RATA SHARE OF THE STATEWIDE POPULA TION.
	496	+	(x) after June 30, 2022, to the Major Sports and Entertainment 17
	497	+	Event Program Fund established under § 10–611.2 of the Economic Development Article 18
	498	+	from the money that remains in the State Lottery Fund from the proceeds of all lotteries 19
	499	+	after the distributions under subsection (a) of this section and items (i) through (ix) of this 20
	500	+	paragraph: 21
562	501
563		-	(3) (I) ELIGIBLE GRANTEES REC EIVING FUNDS IN ACCO RDANCE
564		-	WITH THIS SUBSECTION AND § 2–802.1 OF THIS SUBTITLE MAY USE THE GRANT
565		-	FUNDS FOR THE:
	502	+	1. for fiscal year 2023, an amount equal to $10,000,000; and 22
566	503
567		-	1. ~~FINANCING AND REFINAN CING OF~~ THE ~~COSTS~~
568		-	~~RELATED~~ TO ~~THE CONST RUCTION,~~ ~~ACQUISITION, IMPROVEMENT , EQUIPPING,~~
569		-	~~REHABILITATION~~ , ~~AND EXPANSION OF BUS RAPID TRANSIT SYSTEM PROJECTS~~;
	504	+	2. for each fiscal year thereafter, the amount necessary to 23
	505	+	restore the Major Sports and Entertainment Event Program Fund to a balance of 24
	506	+	$10,000,000; 25
570	507
571		-	2. PAYMENT OF DEBT SERVI CE ON BONDS ISSUED T O
572		-	FINANCE BUS RAPID TRANSIT SYSTEM PROJE CTS;
	508	+	(xi) if a deposit or payment is made under item (i) (I)2 THROUGH 5 26
	509	+	of this paragraph, an amount equal to the TOTAL deposit or payment UNDER ITEM (I)2 27
	510	+	THROUGH 5 OF THIS PARAGRAPH , but not exceeding $27,000,000, to the Department of 28
	511	+	Transportation INTO THE BUS RAPID TRANSIT FUND ESTABLISHED UNDE R § 2–802.1 29
	512	+	OF THE TRANSPORTATION ARTICLE for bus rapid transit system grants in accordance 30
	513	+	with § 2–802 of the Transportation Article from the money that remains in the State 31
	514	+	Lottery Fund from the proceeds of all lotteries after the distributions under subsection (a) 32
	515	+	of this section and items (i) through (x) of this paragraph; 33
573	516
574		-	3. PAYMENT OF ALL REASON ABLE EXPENSES AND
575		-	CHARGES RELATED TO B OND ISSUANCE AND BOR ROWING; AND
	517	+	(xii) after June 30, 2023, into the Prince George’s County Blue Line 34
	518	+	Corridor Facility Fund established under § 10–657.6 of the Economic Development Article 35
	519	+	from the money that remains in the State Lottery Fund from the proceeds of all lotteries 36
	520	+	after the distributions under subsection (a) of this section and items (i) through (xi) of this 37 12 HOUSE BILL 524
576	521
577		-	4. PAYMENT OF COSTS RELA TING TO THE MANAGEME NT
578		-	AND OPERATION OF BUS RAPID TRANSIT SYSTEM PROJECTS.
579	522
580		-	(II) IF AN ELIGIBLE GRANTEE USES FUNDS U NDER THIS
581		-	SECTION FOR THE PAYM ENT OF DEBT SERVICE ON BONDS ISSUED TO F INANCE BUS
582		-	RAPID TRANSIT SYSTEM PROJECTS, THE ELIGIBLE GRANTEE SHALL ISSUE BONDS IN
583		-	ACCORDANCE WITH AN O RDINANCE OR RESOLUTI ON WHICH MAY SPECIFY ALL
584		-	MATTERS RELATING TO THE ADVERTISEMENT , SALE, ISSUANCE, DELIVERY, AND
585		-	PAYMENT OF THE BONDS , INCLUDING:
	523	+	paragraph, an amount not to exceed $27,000,000 to be paid in two installments not later 1
	524	+	than November 1 and June 1 of each fiscal year; and 2
586	525
587		-	1. THE FORMS, DATES, AND DENOMINATIONS OF THE
588		-	BONDS;
	526	+	(xiii) into the General Fund of the State the money that remains in the 3
	527	+	State Lottery Fund from the proceeds of all lotteries after the distributions under 4
	528	+	subsection (a) of this section and items (i) through (xii) of this paragraph. 5
589	529
590		-	2. THE PRINCIPAL MATURIT IES;
	530	+	(2) The money paid into the General Fund under this subsection is 6
	531	+	available in the fiscal year in which the money accumulates in the State Lottery Fund. 7
591	532
592		-	3. THE ~~METHODS TO BE USE D~~ IN ~~DETERMINING~~
593		-	~~INTEREST PAYABLE ON THE BONDS;~~ ~~AND~~
	533	+	(c) The regulations of the Agency shall apportion the money in the State Lottery 8
	534	+	Fund in accordance with subsection (b) of this section. 9
594	535
595		-	4. ANY PROVISIONS FOR RE GISTRATION, REDEMPTION
596		-	BEFORE STATED MATURI TY, OR THE USE OF FACSIM ILE SIGNATURES OR SE ALS.
	536	+	Article – Transportation 10
597	537
598		-	~~(c) The Department:~~
	538	+	2–802. 11
599	539
600		-	(1) Shall distribute grants under this section to eligible grantees in a timely
601		-	manner; and
602		-	Ch. 112 2023 LAWS OF MARYLAND
	540	+	(a) (1) In this section the following words have the meanings indicated. 12
603	541
604		-	~~– 14 –~~
605		-	~~(2) May not impose any additional conditions on an eligible grantee on~~
606		-	~~receipt~~ of a ~~grant under this section~~.
	542	+	(2) “Bus rapid transit system” means a bus line that operates on at least 13
	543	+	some portion of roadway dedicated to buses and offers off–board fare collection OR 14
	544	+	ANOTHER FORM OF HIGH EFFICIENCY FARE COLL ECTION if a fare is charged. 15
607	545
608		-	~~2–802.1.~~
	546	+	(3) “Eligible grantee” means a county or municipal corporation that has: 16
609	547
610		-	(A) IN THIS SECTION, “FUND” MEANS THE BUS RAPID TRANSIT FUND.
	548	+	(i) A bus rapid transit system that operates in the county or 17
	549	+	municipal corporation; and 18
611	550
612		-	(B) THERE IS A BUS RAPID TRANSIT FUND.
	551	+	(ii) No ongoing or completed facility, as that term is defined in § 19
	552	+	10–601(s)(1), (4), (8), (9), or (10) of the Economic Development Article. 20
613	553
614		-	(C) THE PURPOSE OF THE FUND IS TO PROVID E GRANTS TO ELIGIBLE
615		-	GRANTEES, AS DEFINED UNDER § 2–802 OF THIS SUBTITLE.
	554	+	(b) (1) Subject to paragraph (2) of this subsection, if a deposit or payment is 21
	555	+	made in accordance with [§ 9–120(b)(1)(i)] § 9–120(B)(1)(I)2 THROUGH 5 of the State 22
	556	+	Government Article into the Maryland Stadium Authority Facilities Fund established 23
	557	+	under § 7–312 of the State Finance and Procurement Article, AND THERE IS ONLY ON E 24
	558	+	ELIGIBLE GRANTEE , then the Department shall award a grant to [an] THE eligible 25
	559	+	grantee equal to the amount distributed to the Department under § 9–120(b)(1)(x) § 26
	560	+	9–120(B)(1)(XI) of the State Government Article. 27
616	561
617		-	(D) THE DEPARTMENT SHALL ADMI NISTER THE FUND.
	562	+	(2) (I) IF THERE ARE TWO ELIG IBLE GRANTEES , AND ONE 28
	563	+	ELIGIBLE GRANTEE IS MONTGOMERY COUNTY, THE DEPARTMENT SHALL 29
	564	+	DISTRIBUTE $20,000,000 TO MONTGOMERY COUNTY AND THE REMAIN ING AMOUNT 30
	565	+	OF THE DEPOSIT OR PA YMENT UNDER § 9–120(B)(1)(X) § 9–120(B)(1)(XI) OF THE 31
	566	+	STATE GOVERNMENT ARTICLE TO THE REMAIN ING ELIGIBLE GRANTEE . 32
	567	+	HOUSE BILL 524 13
618	568
619		-	(E) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT
620		-	SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE.
621	569
622		-	(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY ,
623		-	AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND.
	570	+	[(2)] (II) If more than [one county or municipal corporation is an] THREE 1
	571	+	COUNTIES OR MUNICIPA L CORPORATIONS ARE eligible [grantee] GRANTEES, AND ONE 2
	572	+	ELIGIBLE GRANTEE IS MONTGOMERY COUNTY, then the Department shall distribute 3
	573	+	[the]: 4
624	574
625		-	(F) THE FUND CONSISTS OF :
	575	+	1. NOT LESS THAN $20,000,000 TO MONTGOMERY 5
	576	+	COUNTY IF MONTGOMERY COUNTY REMAINS AN ELI GIBLE COUNTY ; AND 6
626	577
627		-	(1) REVENUE DISTRIBUTED T O THE FUND UNDER § 9–120(B)(1)(XI)
628		-	OF THE STATE GOVERNMENT ARTICLE;
	578	+	2. THE total REMAINING amount of the deposit or payment 7
	579	+	under § 9–120(b)(1)(x) § 9–120(B)(1)(XI) of the State Government Article to the 8
	580	+	REMAINING eligible grantees based on each eligible grantee’s pro rata share of the 9
	581	+	statewide population. 10
629	582
630		-	(2) MONEY APPROPRIATED IN THE STATE BUDGET TO THE FUND;
	583	+	(III) IF MONTGOMERY COUNTY IS NOT AN ELIG IBLE GRANTEE , 11
	584	+	AND MORE THAN ONE CO UNTY OR MUNICIPAL CO RPORATION ARE ELIGIB LE 12
	585	+	GRANTEES, THEN THE DEPARTMENT SHALL DIST RIBUTE THE TOTAL AMO UNT OF 13
	586	+	THE DEPOSIT PAYMENT UNDER § 9–120(B)(1)(X) § 9–120(B)(1)(XI) OF THE STATE 14
	587	+	GOVERNMENT ARTICLE TO THE ELIGIB LE GRANTEES BASED ON EACH ELIGIBLE 15
	588	+	GRANTEE’S PRO RATA SHARE OF THE STATEWIDE POPULA TION. 16
631	589
632		-	(3) INTEREST EARNINGS OR OTHER INCOME EARNED FROM THE
633		-	INVESTMENT OF ANY MO NEY FROM THE FUND; AND
	590	+	(3) (I) ELIGIBLE GRANTEES REC EIVING FUNDS IN ACCO RDANCE 17
	591	+	WITH THIS SUBSECTION AND § 2–802.1 OF THIS SUBTITLE MAY USE THE GRANT 18
	592	+	FUNDS FOR THE: 19
634	593
635		-	(4) ANY OTHER MONEY FROM ANY OTHER SOURCE ACC EPTED FOR
636		-	THE BENEFIT OF THE FUND.
	594	+	1. FINANCING AND REFINAN CING OF THE COSTS 20
	595	+	RELATED TO THE CONST RUCTION, ACQUISITION, IMPROVEMENT , EQUIPPING, 21
	596	+	REHABILITATION , AND EXPANSION OF BUS RAPID TRANSIT SYSTEM PROJECTS; 22
637	597
638		-	~~(G) (1) THE STATE TREASURER SHALL INVES~~ T ~~THE MONEY OF THE FUND~~
639		-	~~IN THE SAME MANNER A S OTHER STATE MONEY MAY BE IN VESTED.~~
	598	+	2. PAYMENT OF DEBT SERVI CE ON BONDS ISSUED T O 23
	599	+	FINANCE BUS RAPID TRANSIT SYSTEM PROJE CTS; 24
640	600
641		-	~~(2) ANY INTEREST EARNINGS~~ OF ~~THE FUND SHALL BE CREDITE D TO~~
642		-	~~THE FUND.~~
	601	+	3. PAYMENT OF ALL REASON ABLE EXPENSES AND 25
	602	+	CHARGES RELATED TO B OND ISSUANCE AND BOR ROWING; AND 26
643	603
644		-	~~SECTION 2~~. ~~AND BE IT FURTHER ENACTED,~~ ~~That this Act shall take effect July~~
645		-	~~1, 2023~~.
	604	+	4. PAYMENT OF COSTS RELA TING TO THE MANAGEME NT 27
	605	+	AND OPERATION OF BUS RAPID TRANSIT SYSTEM PROJECTS. 28
646	606
647		-	Approved by the Governor, April 24, 2023.
	607	+	(II) IF AN ELIGIBLE GRANTEE USES FUNDS U NDER THIS 29
	608	+	SECTION FOR THE PAYM ENT OF DEBT SERVICE ON BONDS ISSUED TO F INANCE BUS 30
	609	+	RAPID TRANSIT SYSTEM PROJECTS, THE ELIGIBLE GRANTEE SHALL ISSUE BONDS IN 31
	610	+	ACCORDANCE WITH AN O RDINANCE OR RESOLUTI ON WHICH MAY SPECIFY ALL 32
	611	+	MATTERS RELATING TO THE ADVERTISEMENT , SALE, ISSUANCE, DELIVERY, AND 33
	612	+	PAYMENT OF THE BONDS , INCLUDING: 34
	613	+	14 HOUSE BILL 524
	614	+
	615	+
	616	+	1. THE FORMS, DATES, AND DENOMINATIONS OF THE 1
	617	+	BONDS; 2
	618	+
	619	+	2. THE PRINCIPAL MATURIT IES; 3
	620	+
	621	+	3. THE METHODS TO BE USE D IN DETERMINING 4
	622	+	INTEREST PAYABLE ON THE BONDS; AND 5
	623	+
	624	+	4. ANY PROVISIONS FOR RE GISTRATION, REDEMPTION 6
	625	+	BEFORE STATED MATURI TY, OR THE USE OF FACSIM ILE SIGNATURES OR SE ALS. 7
	626	+
	627	+	(c) The Department: 8
	628	+
	629	+	(1) Shall distribute grants under this section to eligible grantees in a timely 9
	630	+	manner; and 10
	631	+
	632	+	(2) May not impose any additional conditions on an eligible grantee on 11
	633	+	receipt of a grant under this section. 12
	634	+
	635	+	2–802.1. 13
	636	+
	637	+	(A) IN THIS SECTION, “FUND” MEANS THE BUS RAPID TRANSIT FUND. 14
	638	+
	639	+	(B) THERE IS A BUS RAPID TRANSIT FUND. 15
	640	+
	641	+	(C) THE PURPOSE OF THE FUND IS TO PROVIDE GRANTS TO ELIGIBLE 16
	642	+	GRANTEES, AS DEFINED UNDER § 2–802 OF THIS SUBTITLE. 17
	643	+
	644	+	(D) THE DEPARTMENT SHALL ADMI NISTER THE FUND. 18
	645	+
	646	+	(E) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 19
	647	+	SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 20
	648	+
	649	+	(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 21
	650	+	AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 22
	651	+
	652	+	(F) THE FUND CONSISTS OF : 23
	653	+
	654	+	(1) REVENUE DISTRIBUTED T O THE FUND UNDER § 9–120(B)(1)(XI) 24
	655	+	OF THE STATE GOVERNMENT ARTICLE; 25
	656	+
	657	+	(2) MONEY APPROPRIATED IN THE STATE BUDGET TO THE FUND; 26
	658	+
	659	+	(3) INTEREST EARNINGS OR OTHER INCOME EARNED FROM THE 27
	660	+	INVESTMENT OF ANY MO NEY FROM THE FUND; AND 28 HOUSE BILL 524 15
	661	+
	662	+
	663	+
	664	+	(4) ANY OTHER MONEY FROM ANY OTHER SOURCE ACC EPTED FOR 1
	665	+	THE BENEFIT OF THE FUND. 2
	666	+
	667	+	(G) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND 3
	668	+	IN THE SAME MANNER A S OTHER STATE MONEY MAY BE IN VESTED. 4
	669	+
	670	+	(2) ANY INTEREST EARNINGS OF THE FUND SHALL BE CREDITE D TO 5
	671	+	THE FUND. 6
	672	+
	673	+	SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 7
	674	+	1, 2023. 8
	675	+
	676	+
	677	+
	678	+
	679	+
	680	+	Approved:
	681	+	________________________________________________________________________________
	682	+	Governor.
	683	+	________________________________________________________________________________
	684	+	Speaker of the House of Delegates.
	685	+	________________________________________________________________________________
	686	+	President of the Senate.