HARRY HUGHES, Governor

865

69B.

(c) If the Commission determines under subsection [(a)] (B)
of this section that further proceedings shall be held, nothing
in this section shall preclude the Commission from modifying
after a hearing the rate structure, lowering the authorized fair
rate of return, or modifying the accounting approach to any item
pertaining to revenues, expenses, or rate base within 120 days
following entry of a final order under subsection [(a)] (B) of
this section.

Article 78B - Racing Commission

15.

(b) The Racing Commission may at any time or times in its
discretion, authorize any organization or association licensed
under this section to transfer its race meet or meetings from its
own track, or place for holding races, to the track, or place for
holding races of any other organization or association licensed
under this section or § 7 of this article upon the payment of any
and all appropriate [licensee] LICENSE fees for the conduct of
racing at the particular track, or place for holding races, on
which the racing is to be conducted; provided, however, that no
such authority to transfer shall be granted without the express
consent of the organization or association owning or leasing the
track to which such transfer is made.

Article 81 - Revenue and Taxes

8.

The following property, except as in §§ 9, 9A, 9B, and 10
provided, shall be subject to assessment to the owner (except
shares of stock which shall be subject to assessment to the
issuing corporation) and taxation for ordinary taxes in this
State and in the county and/or city specified below:

(7) No leasehold or other limited interest in real or
tangible personal property shall be subject to taxation except
the following which shall be subject to taxation in the same
amount and the same extent as though the person in possession or
the user thereof were the owner of such property.

(e) [(1)] (i) The interest or privilege of any
lessee, bailee, pledgee, agent or other person in possession of
or using any real or personal property which is owned by the
federal, State, county, or municipal governments, and which is
leased, loaned, or otherwise made available to any person, firm,
corporation, association, or other legal entity, with the
privilege to use or possess such property in connection with a
business conducted for profit, except where the use is by way of
a concession for occupancy of a public airport, park, market, or
fairground, which is available to the use of the general public,