MARVIN MANDEL, Governor                      1369

State, to require full disclosure in horseracing of all licenses, in-
cluding officers and stockholders thereof, and generally relating to
financial disclosures by racing licenses and to the Maryland Racing
Commission.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 13 of Article 78B of the Annotated Code of Maryland
(1965 Replacement Volume), title "Racing Commission," subtitle "In
General," be and it is hereby repealed, and that a new Section 13 be
and it is hereby enacted in lieu thereof, to stand in the place of the
section repealed, and to read as follows:

13.

(a)  Every person or persons, association or corporation licensed to
hold racing meets within the State of Maryland as hereinbefore
provided, shall on or before the 31st day of January MARCH 15 of
each year return to the Commission a full statement, under oath, of
their receipts from all sources whatsoever during the preceding cal-
endar FISCAL year, OF EACH SUCH LICENSEE and of all ex-
penses and disbursements, including but not limited to officers'
salaries, attorney fees, and all lobbying expenses. All receipts, ex-
penses and disbursements shall be itemized in the manner and form
as shall be directed by the Commission. The Racing Commission
shall require a uniform certified audit by a certified public account-
ant of all papers, books and records of every person, firm, associa-
tion or corporation licensed to hold racing meetings in the State of
Maryland. The audit statement shall be filed with the Racing Com-
mission on or before the 31st day of January MARCH 15 of each
year, FOR THE PRECEDING FISCAL YEAR OF SUCH LICEN-
SEE. The audited statements of all the licenses shall be printed in a
single publication and made available to the Governor and members
of the General Assembly.

(b)   The Commission shall also require all licensees, including any
officers and stockholders thereof, to disclose fully to the Commission
all financial interests that they may have in horseracing.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1969.

Approved May 14, 1969.

CHAPTER 592
(Senate Bill 279)

AN ACT to repeal Chapter 487 of the Laws of Maryland of 1965,
authorizing and empowering the County Commissioners of Calvert
County to borrow not in excess of $500,000.00 and relating gen-
erally to the borrowing procedure.

Section 1. Be it enacted by the General Assembly of Maryland,
That Chapter 487 of the Laws of Maryland of 1965 be and it is
hereby repealed.