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PARRIS N. GLENDENING, Governor
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Ch. 585
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14-205.
(A) [All] EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION, ALL
proceeds received from any bonds issued and sold pursuant to this subtitle shall be
applied solely for:
(1) The cost of purchasing, leasing, condemning, or otherwise acquiring
land or other property, or an interest in them, in the designated development district
area or as necessary for a right-of-way or other easement to or from the development
district area;
(2) Site removal;
(3) Surveys and studies;
(4) Relocation of businesses or residents;
(5) Installation of utilities, construction of parks and playgrounds, and
other necessary improvements including streets and roads to, from, or within the
development district, parking, lighting, and other facilities;
(6) Construction or rehabilitation of buildings provided that such
buildings are to be devoted to a governmental use or purpose;
(7) Reserves or capitalized interest;
(8) Necessary costs of issuing bonds; and
(9) Payment of the principal and interest on loans, money advanced, or
indebtedness incurred by a county or municipality, for any of the purposes set out in
this section.
(B) IN ADDITION TO THE AUTHORITY GRANTED IN SUBSECTION (A) OF THIS
SECTION, ALL PROCEEDS RECEIVED FROM ANY BONDS ISSUED AND SOLD BY PRINCE
GEORGE'S COUNTY OR THE REVENUE AUTHORITY OF PRINCE GEORGE'S COUNTY
PURSUANT TO THIS SUBTITLE MAY BE APPLIED FOR:
(1) CONVENTION CENTERS, CONFERENCE CENTERS, AND VISITORS'
CENTERS;
(2) MAINTENANCE OF INFRASTRUCTURE IMPROVEMENTS,
CONVENTION CENTERS, CONFERENCE CENTERS, AND VISITORS' CENTERS; AND
(3) MARKETING THE DEVELOPMENT DISTRICT FACILITIES AND OTHER
IMPROVEMENTS.
14-208.
(a) When no bonds authorized by this subtitle are outstanding with respect to
a development district and the governing body of the county or municipality so
determines, moneys in the special fund for that development district created
pursuant to § 14-206(3)(ii) of this subtitle may be:
(1) Used for any of the purposes described in § 14-205 of this subtitle,
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