2574

LAWS OF MARYLAND

Ch. 273

(2)  THE FOUNDATION MAY AUTHORIZE A COUNTY TO USE
THAT COUNTY'S UNENCUMBERED AND UNCOMMITTED MATCHING FUNDS TO
PURCHASE AND SELL DEVELOPMENT RIGHTS AND GUARANTEE LOANS
THAT ARE COLLATERALIZED BY DEVELOPMENT RIGHTS IF THE
DEVELOPMENT RIGHTS ARE AUTHORIZED BY LOCAL LAW IN ANY COUNTY
THAT HAS A PROGRAM OF TRANSFERABLE DEVELOPMENT RIGHTS.

(3)  ANY COUNTY THAT HAS AN APPROVED PROGRAM MAY
USE UP TO 75 PERCENT OF ITS MATCHING PAYMENTS TO PURCHASE OF

SELL DEVELOPMENT RIGHTS OR GUARANTEE LOANS THAT ARE

COLLATERALIZED BY DEVELOPMENT RIGHTS. HOWEVER, IF FUNDS ARE
RETURNED TO THE COUNTY THROUGH SALE OF DEVELOPMENT RIGHTS OR

RELEASE OF LOANS, THE FUNDS SHALL BE REPAIRED TO THE

FOUNDATION AND CREDITED TO THE COUNTY FOR FURTHER USE IN
THAT COUNTY, AS PROVIDED IN § 2-508(B) OF THIS SUBTITLE.
THIS SUBSECTION MAY NOT BE CONSTRUED TO PROHIBIT ANY COUNTY
FROM ACCEPTING FUNDS FROM PRIVATE SOURCES AND USING THOSE
PRIVATE FUNDS TO PURCHASE DEVELOPMENT RIGHTS OR GUARANTEE
LOANS THAT ARE COLLATERALIZED BY DEVELOPMENT RIGHTS.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1982.

Approved May 20, 1982.

CHAPTER 274

(Senate Bill 438)

AN ACT concerning

Trotting and Pacing Racing -
Driver's Fee

FOR the purpose of requiring a certain minimum driver's fee
for trotting and pacing races unless a contract between
the driver and owner provides otherwise racetracks to
deduct from owners' purses a driver's fee for trotting
and pacing races.

BY adding to

Article 78B - Racing Commission

Section 17D

Annotated Code of Maryland

(1980 Replacement Volume and 1981 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
read(s) as follows: