Bill

Bill > HB897


MD HB897

MD HB897
Economic Development - Sports Entertainment Facilities and Events, Prince George's County Blue Line Corridor Facilities, and Racing Facilities


summary

Introduced
02/07/2022
In Committee
04/08/2022
Crossed Over
04/06/2022
Passed
04/09/2022
Dead
Signed/Enacted/Adopted
04/12/2022

Introduced Session

2022 Regular Session

Bill Summary

Authorizing the Maryland Stadium Authority to issue certain bonds to finance site acquisition, design, and construction of any portion of a certain sports entertainment facility, subject to certain limitations; requiring the Authority to submit a certain report, prepared in cooperation with the Office of the Comptroller and the Department of Budget and Management, to the Governor and the General Assembly; etc.

AI Summary

This bill authorizes the Maryland Stadium Authority to issue bonds to finance the acquisition, design, and construction of sports entertainment facilities and Prince George's County Blue Line Corridor facilities, subject to certain limitations and requirements. It establishes a Major Sports and Entertainment Event Program and a related fund to attract major sporting and entertainment events to the state. The bill also creates a Prince George's County Blue Line Corridor Facility Fund to enable the Authority to finance the acquisition, planning, design, and construction of facilities in that designated area. Additionally, the bill provides a sales and use tax exemption for construction materials used for sports entertainment facilities and Prince George's County Blue Line Corridor facilities.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Appropriations (House)

Last Action

Approved by the Governor - Chapter 61 (on 04/12/2022)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...