MARVIN MANDEL, Governor

2471

(1/4) of all revenues arising out of the tax on all money
wagered not in excess of $2,000,000, and nine twentieths
(9/20) of all revenues arising out of the tax on all
money wagered in excess of $2,000,000 collected from
licensees licensed under § 17 of this article not
required to be paid to the Maryland State Fair Board as
provided in paragraph (3) of this subsection; provided,
however, that before payment of such revenues to the
several counties of the State and Baltimore City, the
Comptroller shall first pay out of such revenues the sums
required to be paid by § 2 of Article 22 and thereafter
the balance of such revenue shall be divided, allocated
and paid to the several counties and Baltimore City as
hereinbefore provided; except that no funds shall be
divided among, allocated or paid to any of the several
counties of the State or to the City of Baltimore as
aforesaid unless it shall have levied, in its current
fiscal year, taxes sufficient to collect a minimum of one
dollar per capita in revenue and unless it shall have
certified a copy of said levy to the State Comptroller;
and provided further, that any moneys otherwise
distributable as hereinbefore provided, which shall not
be distributed at the close of the fiscal year of any
such county or the City of Baltimore because of failure
of any county or the City of Baltimore to make such levy
and certification, shall revert to the general fund of
the State treasury. Per capita revenue shall be
computed for purposes of this subsection by using the
population figures furnished by the latest federal census
or by an official local census, whichever is latest.

(3)     From all revenues collected from
licensees licensed under §§ 15 and 17 of this article,
the Comptroller shall pay to the Maryland State Fair
Board a sum equal to $314,000 less the sum received by
the Maryland State Fair Board under § 17 of this article,
to be used for the promotion of State and county
agricultural fairs and exhibits[.]; AND FROM THE FISCAL
YEAR COMMENCING JULY 1, [[1976]] 1977 AND IN EACH OF THE
FOUR CONSECUTIVE FISCAL YEARS AFTER IT, THE COMPTROLLER
SHALL PAY TO THE MARYLAND STATE FAIR BOARD THE ADDITIONAL
SUM OF ONE MILLION DOLLARS TO BE DISBURSED BY THE BOARD
TO THE MARYLAND STATE FAIR AND AGRICULTURAL SOCIETY,
INC., AS A STATE GRANT TO ASSIST IN FINANCING THE
CONSTRUCTION, EXPANSION, RELOCATION, REPLACEMENT AND
MODERNIZATION OF THE FACILITIES AND EQUIPMENT USED OR TO
BE USED BY THE MARYLAND STATE FAIR AND AGRICULTURAL
SOCIETY, INC., IN CONDUCTING THE MARYLAND STATE FAIR.

(4)   All revenues not hereinabove specifically
allocated shall be credited to the general funds of the
State.

SECTION 2. AND BE IT FURTHER ENACTED, That Section
10—303 of Article — Agriculture, of the Annotated Code
of Maryland (1974 Volume and 1975 Supplement) be and it
is hereby repealed and reenacted, with amendments, to
read as follows: