Authorizing, subject to the approval of the Board of Public Works, the Maryland Stadium Authority to issue up to $375,000,000 of bonds for the redevelopment of the Laurel Park and Pimlico racing facilities; requiring the Authority, before issuing certain bonds, to ensure certain long-term agreements are finalized; altering the distribution of proceeds from video lottery terminals to provide for the repayment of the bonds; establishing a certain Advisory Committee to provide certain recommendations; etc.
Bill File Type: Regular
Effective Date(s): June 1, 2020
Bill imposes a mandated appropriation in the annual State Budget Bill
Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit
Last Updated: 2/26/2020 8:29 AM