3462

LAWS OP MARYLAND

Ch. 580

the Racing Commission and paid out of the Racing Fund for
improvements to property owned or leased by any licensee,
and the Commission at any time may require any licensee to
make improvements or repairs without regard to its pro rata
share of the Racing Fund or amounts granted to it from the
Racing Fund. If amounts equal to the deductions herein
provided made by any licensee for any calendar year shall
neither have been spent or binding commitments have been
entered into for their expenditures as grants to licensees
within three (3) years from the last day of the year of
collection, the unspent portion of such years' deduction and
tax payment shall revert to the general treasury of the
State and shall be paid over by the Commission to the
Comptroller. If and when any licensee abandons its present
location for racing and operates at the track of another
licensee, its pro rata share of the Racing Fund may, by
mutual agreement between the licensees involved, with the
approval of the Racing Commission, be granted by the
Commission and, if so, is hereby appropriated for capital
improvements, as hereinabove authorized, at the track of the
licensee wherein the meeting was run.

(d) Notwithstanding anything contained in this section
to the contrary, the deductions made by the Maryland Jockey
Club at the joint meetings held at Pimlico during the year
1944, for which it held a license, and the deductions made
by the Maryland State Fair at the joint meeting in 1944, for
which it held a license, shall be considered and treated for
the purposes of this section, as having been made, as agents
of the Commission, one fourth by the Maryland Jockey Club,
one fourth by the Maryland State Fair, one fourth by the
Southern Maryland Agricultural Association, and one fourth
by the Harford Agricultural and Breeders Association; and
the Commission may make grants from the Racing Fund, as
constituted on May 4th, 1945, to each of said four Racing
Organizations, equally, in the manner and to the extent
hereinabove set forth, and for the purposes of this section,
each shall be considered as having deducted from the mutuel
pool one fourth of said Racing Fund as so constituted as
agents aforesaid. If, however, the Commission shall issue a
license for the conduct of racing to one of the said four
Racing Organizations, for the purpose of enabling a joint
meeting to be held in which one or more of the others of the
above-mentioned Racing Organizations participate, the
deductions made . by the licensee of said meeting shall be
considered and treated as having been made, for the purposes
of this section, by each of said Racing Organizations
participating in said meeting, as agents aforesaid, in the
proportion in which are shared the profits and losses of
that particular meeting, and the Racing Commission may make
grants from the Racing Fund to the Racing Organization
considered and treated herein as having made such deduction,
in the manner and to the extent hereinabove set forth.