2292

LAWS OF MARYLAND

Ch. 792

Maryland-Bred Race Fund as provided by § 18A of this
article.

(2)    One half of the breakage may he retained by
the licensee.

(3)    [5.34%] FOUR 5.34 PERCENT of the mutuel
pools shall be paid to the Maryland Racing Commission for
the use of the State as provided by § 14 of this article.

(4)    An amount equal to [.50%] 0.84 0.50 PERCENT
of the mutuel pools on all races conducted during the year
shall be allocated to the Maryland-Bred Race Fund as
provided by § 18A of this Article.

(5) An amount equal to [5% of the mutual pools]

6 PERCENT OF THE REGULAR MUTUAL POOLS AND 8 PERCENT OF

MULTIPLE MUTUEL POOLS on all races conducted during the year
shall be allocated for purse money. The formula for

(5) I FOR THE CALENDAR YEAR 1978 ONLY, AN AMOUNT

EQUAL TO 5 PERCENT OF THE REGULAR MUTUEL POOLS, 8 PERCENT OF

THE MULTIPLE MUTUEL POOLS INVOLVING TWO HORSES, AND 12
PERCENT OF THE MULTIPLE MUTUEL POOLS INVOLVING THREE OR MORE
HORSES SHALL BE ALLOCATED FOR PURSE MONEY.

     (III) FOR THE CALENDAR YEAR 1979 ONLY, AN AMOUNT EQUAL

TO 5 PERCENT OF THE REGULAR MUTUEL POOLS, 8 PERCENT OF THE

MULTIPLE MUTUEL POOLS INVOLVING TWO HORSES, AND 13 PERCENT

OF THE MULTIPLE MUTUEL POOLS INVOLVING THREE OR MORE HORSES

SHALL BE ALLOCATED FOR PURSE MONEY.

(III) FOR THE CALENDAR YEAR 1980 AND ALL SUBSEQUENT
CALENDAR YEARS, AN AMOUNT EQUAL TO 5 PERCENT OF THE REGULAR

MUTUEL POOLS, 8 PERCENT OF THE MULTIPLE MUTUEL POOLS

INVOLVING TWO HORSES, AND 14 PERCENT OF THE MULTIPLE MUTUEL
POOLS INVOLVING THREE OR MORE HORSES SHALL BE ALLOCATED FOR
PURSE MONEY.

(IV) (II) THE FORMULA FOR distribution of the purse
money shall be determined by an agreement between an
organization representing the horsemen and the tracks, the
agreement to be subject to the approval of the Commission.
It is the intention that the allocation shall be made in the
approximate amount of [eighty percent (80%)] EIGHTY-FIVE
PERCENT (85%) to the current year's overnight races and
[twenty percent (20%)] FIFTEEN PERCENT (15%) NOT TO EXCEED
SEVENTEEN PERCENT (17%) to the current year's stake races.

(6)    An amount equal to one half of one percent
(1/2%) of the mutuel pools on all races conducted during the
year shall be allocated for capital improvements as provided
by § 12 of this article.

(7)    3.66% of the regular mutuel pool and 4.66%
of the multiple mutuel pool of all races during the year
shall be retained by the licensee from which .25% of both
pools shall be paid by the licensee to the Maryland Race