4818

LAWS OF MARYLAND

Ch. 893

(1)  REPRESENT AND PROMOTE THE COMMON INTERESTS
OF:

(I)  THE MARYLAND HORSE RACING AND BREEDING
INDUSTRY;

(II)  THE STATE BREED BREEDING
ASSOCIATIONS, RACE TRACKS, AND OTHER ELEMENTS OF THE
MARYLAND HORSE RACING INDUSTRY; AND

(III)  THE VARIOUS PERSONS, PARTNERSHIPS,
AND CORPORATIONS ASSOCIATED WITH THE MARYLAND HORSE RACING
AND BREEDING INDUSTRY;

(2)  PROMOTE AND PROTECT THE ECONOMIC AND GENERAL
WELFARE OF PARI-MUTUEL HORSE RACING AND BREEDING IN
MARYLAND;

(3)  FURNISH A FORUM FOR THE EXCHANGE OF IDEAS,
INFORMATION, AND METHODS TO IMPROVE THE OPERATION OF HORSE
BREEDING, TRAINING, AND RACING, AND FOR THE FURTHER
DEVELOPMENT OF THE SPORT; AND

(4)  PROMOTE HIGH STANDARDS IN HORSE BREEDING,
TRAINING, AND RACING IN THIS STATE.

30.

(A) THE MONEYS FOR MARYLAND HORSE RACING COUNCIL FUND
SHALL BE COLLECTED BY THE MARYLAND RACING COMMISSION.

(B) THE COMMISSION SHALL ASSESS 1/8 OF 1 PERCENT OF
THE STATE'S SHARE OF RACING REVENUES, FROM EACH OF THE
FOLLOWING FUNDS:

(1) THE MARYLAND RACING FUND, ESTABLISHED UNDER
§ 12 OF THIS ARTICLE;

(2) THE MARYLAND STANDARDBRED RACE FUND,
ESTABLISHED UNDER § 17A OF THIS ARTICLE; AND

(3) THE MARYLAND BRED RACE FUND, ESTABLISHED
UNDER § 18A OF THIS ARTICLE.

(C) A TRACK LICENSEE MAY CONTRIBUTE ADDITIONAL

PERSONAL MONEYS TO THE COMMISSION FOR THE MARYLAND HORSE
RACING COUNCIL FUND.

(D) THE COMMISSION SHALL DEPOSIT ALL THE MONEYS COLLECTED
UNDER THIS SECTION IN 1 OR MORE BANKS OR TRUST COMPANIES OF
THE STATE TO THE CREDIT OF THE MARYLAND HORSE RACING COUNCIL
FUND.

31.