HARRY HUGHES, Governor

31

equal to 0.50 percent of the regular and the two horse multiple
mutuel pools and 1 percent of the three or more horse multiple
mutuel pool and, in addition, shall allocate the amount specified
in § 17(b)(8) of this article] THE AMOUNTS SPECIFIED IN THIS
ARTICLE on all races conducted by it during the year to the
Maryland Standardbred Race Fund. Any moneys allocated under this
article and not disbursed during any current meeting in Maryland
Standardbred Fund races, within five (5) days after the close of
such meeting shall be paid to the Maryland Racing Commission.
The Commission shall hold all moneys so allocated and received in
a fund to be known as the "Maryland Standardbred Racing Fund,"
which fund shall be deposited by the Commission in one or more
banks or trust companies in the State. The members of the
Commission shall have no personal liability for the loss to the
fund by reason of the failure or insolvency or other fault of any
depository if they use ordinary care in the selection of the
depository. The Commission shall require any depository to secure
by collateral any deposit therein comprising a part or all of the
fund.

18A.

(b) Each thoroughbred track licensee [under § 7 of this
article shall allocate a sum equal to 1 percent of the mutuel
pools and each thoroughbred track licensee under § 15 of this
article shall allocate a sum equal to 1.50 percent of the mutuel
pools on all races conducted by it during the year to the
Maryland-Bred Race Fund. Each thoroughbred track licensed under
§§ 7 and 15 of this article shall allocate 10 percent of the one
half of the breakage allocated for purse money] SHALL ALLOCATE
THE AMOUNTS SPECIFIED IN THIS ARTICLE to the Maryland-Bred Race
Fund. Any moneys allocated under this article and not disbursed
during any current meeting in Maryland-Bred Fund races, within 5
days after the close of each meeting shall be paid to the
Maryland Racing Commission. The Commission shall hold all moneys
so allocated and received in a fund to be known as the
"Maryland-Bred Racing Fund," which fund shall be deposited by the
Commission in one or more banks or trust companies in the State.
The members of the Commission shall have no personal liability
for loss to the fund by reason of the failure or insolvency or
other fault of any depository if they shall use ordinary care in
the selection of the depository. The Commission shall require
any depository to secure by collateral any deposit therein
comprising a part or all of the fund.

[18B.

Notwithstanding any other provisions of this article, the
Racing Commission may award a license and the dates heretofore
awarded to the Agricultural and Mechanical Association of
Washington County to a joint venture consisting of the
Agricultural and Mechanical Association of Washington County and
the Southern Maryland Agricultural Fair Association of Prince
George's County; and the Racing Commission is specifically
authorized to approve agreements between such licensees providing