HARRY HUGHES, Governor                              3463

(e) The Maryland Racing Commission is specifically
empowered and authorized, in making commitments or grants,
pursuant to and for the purposes set forth in subsection (c)
of this section, to make, or to bind itself to make, such
grant or grants as contributions to capital, in such manner
and upon such terms and conditions as it may prescribe, and
any such grant or grants or commitments heretofore made by
the Racing Commission are hereby ratified, sanctioned and
approved, and whenever hereafter a licensee is to expend,
with the prior written and express permission of the
Commission, for any such substantial alterations, additions,
changes, improvements or major repairs, hereafter commenced,
an amount greater than then credited to it in the Racing
Fund, the Racing Commission is further specifically
empowered and authorized to repay, or to enter into an
agreement to repay, the licensee for any or all of such
expenditures from future payments into the Racing Fund by
the licensee. This subsection shall not be construed as
implying that in the absence hereof, the provisions of this
section could properly have been or shall be otherwise
construed.]

SECTION 2. AND BE IT FURTHER ENACTED, That it is the
intention of the General Assembly that the Harness Racing
Board shall take the necessary action to repeal the
regulations or rules which provide for the Harness Track
Capital Improvement Fund and that, upon this action and the
effectiveness of the repeal of Section 12 of this Article
78B of the Code as proposed by Section 1 of this Act, each
racing association licensed under Sections 7 or 17 of
Article 78B shall submit to the Commission a written
statement releasing the Commission from any further claim
for funds due a racing association under either the Racing
Fund or the Harness Track Capital Improvement Fund. Any
racing association which fails to execute the release shall
deposit with the Commission an amount equal to 0.50 percent
of the mutuel pool for all races run by the licensee.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1982.

Approved June 1, 1982.

CHAPTER 581
(Senate Bill 1043)
AN ACT concerning

Racing - Takeout at Mile Thoroughbred Tracks