Maryland § 10-652.2
Full text of Maryland Maryland Code § 10-652.2, with citation guidance and answers to common questions.
§ 10-652.2.
(a) In this section, “Fund” means the Camden Yards Baseball Sports Facility Supplemental Financing Fund.
(b) There is a Camden Yards Baseball Sports Facility Supplemental Financing Fund.
(c) The purpose of the Fund is to enable the Authority to:
(1) use the Fund as a revolving fund for implementing this subtitle as it relates to the Camden Yards baseball sports facility; and
(2) pay any expenses incurred by the Authority that are related to the Camden Yards baseball sports facility.
(d) The Authority shall administer the Fund.
(e) (1) The Fund is a continuing, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article.
(2) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
(f) (1) To the extent considered appropriate by the Authority, the receipts of the Fund shall be pledged to and charged with the following related to the Camden Yards baseball sports facility:
(i) payment of debt service on Authority bonds;
(ii) all reasonable charges and expenses related to the Authority’s borrowing; and
(iii) the management of Authority obligations.
(2) The pledge shall be effective as provided in any applicable Authority resolution.
(g) The Fund consists of:
(1) money distributed to the Fund under § 9–120(b) of the State Government Article;
(2) money appropriated for deposit in the Fund;
(3) proceeds from the sale of bonds concerning the Camden Yards baseball sports facility;
(4) revenues collected or received from any source under this subtitle related to the Camden Yards baseball sports facility;
(5) any interest earnings of the Fund; and
(6) any additional money made available from any source for the purposes established for the Fund.
(h) (1) The State Treasurer shall invest the money of the Fund in the same manner as other State funds.
(2) Any investment or interest earnings shall be credited to the Fund.
(3) No part of the Fund may revert or be credited to the General Fund of the State or any special fund of the State.
Frequently Asked Questions About Maryland § 10-652.2
What does Maryland Code § 10-652.2 cover?
Section 10-652.2 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 10-652.2?
A common citation format is "Maryland Code § 10-652.2" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 10-652.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.