HARRY HUGHES, Governor

33

[(a) All sums collected by the Racing Commission, under the
provisions of this article, shall be paid over to the Comptroller
and shall be disbursed and distributed, except where otherwise
provided, as follows:

(1)  There are to be allocated and credited to the
general funds of the State: (a) One half of all revenues
collected from licensees licensed under § 7 of this article; (b)
one half of all revenues collected from licensees licensed under
§ 15 of this article not required to be paid to the Maryland
Agricultural Fair Board as provided in paragraph (3) of this
subsection; (c) one half of all revenues collected from the
licensees licensed under § 17 of this article not required to be
paid to the Maryland Agricultural Fair Board as provided in
paragraph (3) of this subsection;

(2)  Except as hereinafter in subsection (d) provided,
there shall be divided among and allocated and paid to the
several counties of the State and to Baltimore City on the basis
of population, according to the latest available federal census:
(a) twenty-four thousand dollars ($24,000) plus one half of all
breakage and license fees and two fifths (2/5) of all wagering
revenues collected from licensees licensed under § 7 of this
article; (b) one quarter of all revenues collected from licensees
licensed under § 15 of this article; (c) one half of all breakage
and license fees, one quarter (1/4) of all revenues arising out
of the tax on all money wagered not in excess of $2,000,000, and
nine twentieths (9/20) of all revenues arising out of the tax on
all money wagered in excess of $2,000,000 collected from
licensees licensed under § 17 of this article not required to be
paid to the Maryland Agricultural Fair Board as provided in
paragraph (3) of this subsection; except that no funds shall be
divided among, allocated or paid to any of the several counties
of the State or to the City of Baltimore as aforesaid unless it
shall have levied, in its current fiscal year, taxes sufficient
to collect a minimum of one dollar per capita in revenue and
unless it shall have certified a copy of said levy to the State
Comptroller; and provided further, that any moneys otherwise
distributable as hereinbefore provided, which shall not be
distributed at the close of the fiscal year of any such county or
the City of Baltimore because of failure of any county or the
City of Baltimore to make such levy and certification, shall
revert to the general fund of the State treasury. Per capita
revenue shall be computed for purposes of this subsection by
using the population figures furnished by the latest federal
census or by an official local census, whichever is latest.]

(A) THE STATE SHARE OF DAILY LICENSEE FEES, PARI-MUTUEL
TAXES AND UNCASHED PARI-MUTUEL TICKETS SHALL BE CREDITED TO A
SPECIAL FUND.

[(3) (i)] (B) (1) [From all revenues collected from
licensees licensed under §§ 7, 15, and 17 of this article, the]
FROM THE SPECIAL FUND ESTABLISHED BY THIS SECTION THE Comptroller
shall pay to the Maryland Agricultural Fair Board a sum equal to