§ 10-613

Maryland § 10-613

• Jurisdiction: Maryland
• Article gec: Economic Development
• Title: 10

Text

(a) The Authority may:

(1) adopt a seal;

(2) sue and be sued;

(3) adopt bylaws and policies;

(4) adopt regulations to carry out this subtitle in accordance with the Administrative Procedure Act;

(5) have an office at the place the Authority designates;

(6) appoint advisory committees composed of local officials, business interests, representatives of the convention, hotel, and tourism business, and other experts as appropriate;

(7) subject to § 10–620 of this subtitle, acquire, lease as landlord or tenant, hold, encumber, or dispose of property;

(8) enter into contracts and execute the instruments necessary or convenient to carry out this subtitle to accomplish its purposes;

(9) determine the locations of, develop, establish, acquire, own, improve, operate, maintain, and contribute to the maintenance and operating costs of facilities as necessary to accomplish its purposes;

(10) regulate the use and operation of facilities developed under this subtitle;

(11) fix and collect rents, fees, and other charges for the use of facilities or for services rendered in connection with the facilities;

(12) subject to Parts IV and V of this subtitle, issue bonds;

(13) exercise the corporate powers of Maryland corporations under the Maryland General Corporation Law;

(14) with respect to site acquisition, construction, and development of the Hippodrome Performing Arts facility and the Hagerstown Multi–Use Sports and Events Facility, establish and participate in Authority affiliates;

(15) impose the admissions and amusement tax authorized under § 4–102 of the Tax – General Article; and

(16) do all things necessary or convenient to carry out the powers granted by this subtitle.

(b) The Authority may review and make recommendations on proposed convention center facilities, the Hippodrome Performing Arts facility, the Hagerstown Multi–Use Sports and Events Facility, and a Prince George’s County Blue Line Corridor facility, including the expansion and enhancement of the Baltimore City Convention Center and the Ocean City Convention Center and the development and construction of the Montgomery County Conference Center, the Hippodrome Performing Arts Center, the Hagerstown Multi–Use Sports and Events Facility, and a Prince George’s County Blue Line Corridor facility with respect to location, purpose, design, function, capacity, parking, costs, funding mechanisms, and revenue alternatives, with specific recommendations on:

(1) the level of support from the private sector;

(2) the type of support from the private sector;

(3) special taxing sources;

(4) projected revenues;

(5) bonding authority and the source of debt service; and

(6) the fiscal impact on the State of any revenue alternatives.