3460

LAWS OF MARYLAND

Ch. 580

January 1, 1985, the percent of the mutuel pools paid to the
Maryland Racing Commission for use of the State as provided
by Section 14 of this article shall be 4.84 percent.

(4)  An amount equal to 1 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)  (i) For the calendar year 1978 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.

(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 85 percent to the current year's
overnight races and 15 percent not to exceed 17 percent to
the current year's stake races.

(6)   [An amount equal to 0.50 percent 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)  4.41] 4.91 percent of the regular mutuel
pool and [5.41] 5.91 percent of the multiple mutuel pool of
all races during the year shall be retained by the licensee
from which 0.25 percent of both pools shall be paid by the
licensee to the Maryland Race Track Employees Pension Fund
to be administered by representatives of the licensee and
the employees and from which 0.75 percent of both pools, in
calendar years 1981, 1982, 1983, and 1984 only, shall be
allocated by the licensee, with the approval of the
thoroughbred racing board, solely to pay the cost of track
maintenance, physical improvements, personnel-related
expenses, and to ensure the maintenance of proper living
conditions in the backstretch. Effective January 1, 1985,
the percent of the mutuel pools retained by the licensee
shall be [3.66] 4.16 percent of the regular mutuel pool and
[4.66] 5.16 percent of the multiple mutuel pool from which
0.25 percent of both pools shall be paid by the licensee to
the Maryland Race Track Employees Pension Fund to be
administered by representatives of the licensee and the
employees.

[12.

(a) For the calendar year 1947 and for each year
thereafter, each licensee licensed under the provisions of §