HARRY HUGHES, Governor

3465

(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] 6.41 percent of the regular mutuel
pool and 5.41 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] 5.66 percent of the regular mutuel pool and
4.66 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.

16.

(a) In addition to all fees, premiums, taxes or other
payments required by law, each licensee under the provision
of § 15 shall pay to the Racing Commission for the use of
the State, within 5 days after the close of the last meeting
held during each calendar year, an annual tax at the rate of
3.50 percent on all money wagered on all races conducted by
it during each year. Each licensee shall allocate one half
of the breakage computed to 10 cents for purse money. Ten
percent of the one half of the breakage for purse money
shall be allocated to the Maryland-Bred Race Fund as