The Maryland Stadium Authority, MSA, was created by Chapter 283, Acts of 1986 Maryland General Assembly. Its initial mission was to return the National Football League (NFL) to Baltimore. Maryland sought a new football team after former Baltimore Colts owner, Robert Irsay, moved the Colts out of the city in the middle of a snowy night on March 29, 1984. The Authority is a public corporation of Maryland which is authorized to issue tax-exempt bonds for financing its operations. The proceeds from the sale of those bonds and any other revenues collected are deposited in the Maryland Stadium Authority Financing Fund.
Read more about Maryland Stadium Authority: Goals and Responsibilities, Authority Composition
Famous quotes containing the words stadium and/or authority:
“In their eyes I have seen
the pin men of madness in marathon trim
race round the track of the stadium pupil.”
—Patricia K. Page (b. 1916)
“No man has any natural authority over his fellow men.”
—Jean-Jacques Rousseau (1712–1778)