Volume 326, Page 110 View pdf image (33K) |
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STATEMENT B8Continued Horse Racing Revenue Distribution Formulae
(1) Revenues from racing in excess of the following calendar year number of days at each track are to be allocated entirely to the General Fund: Half Mile Tracks....................10 days Trotting and Pacing Tracks..20 days Distribution to Baltimore City and Counties are in addition to an initial allocation of $24,000 annually from the One Mile Track revenues. From (2) The total Maryland State Fair Board allocation is not to exceed $250,000 annually. In the event its share of the Half Mile Track revenue is less than this amount, it is allocated sufficient funds from Trotting and Pacing revenues to provide the total of $250,000 annually. In addition, each of the One Mile Tracks is required to pay over the sum of $12,000 annually to the Maryland State Fair Board. Also, each of (A) Paid direct by Fair Associations to respective County Treasurers. (B) Including 1/2% Race Track Improvement Levy. (C) Applicable to tracks having total wagers in excess of $4,000,000 annually.
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Volume 326, Page 110 View pdf image (33K) |
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