Ch. 748                                    1997 LAWS OF MARYLAND

CHAPTER 748
(Senate Bill 786)

AN ACT concerning

Racing - Uncashed Tickets - Maryland Million, Ltd.

FOR the purpose of requiring that money from uncashed pari-mutuel tickets that are
from bets made into mutuel pools of mile thoroughbred licensees be paid to the
Maryland Million, Ltd., as a grant to support and promote the running of Maryland
Million races; requiring certain money to be paid to a special fund to he used only for
certain activities directly related to the running of Maryland Million races; requiring the
Governor by budgetary amendment to allocate money from the special fund as a grant to
the Maryland Million, Ltd., for certain activities directly related to the running of
Maryland Million races; providing for the application of this Act; requiring the Office
of Legislative Audits to audit licensees in accordance with certain provisions of law;
requiring that this Act apply to all payments made by a licensee of money from
uncashed pari-mutuel tickets purchased on or after July 1, 1997: limiting the use of
money under this Act to certain purposes; making this Act an emergency measure;
providing for the termination of certain provisions of this Act; and generally relating
to uncashed pari-mutuel tickets.

BY repealing and reenacting, with amendments,
Article - Business Regulation
Section 11-402 and 11-803
Annotated Code of Maryland
(1992 Volume and 1996 Supplement)

BY adding to

Article - Business Regulation
Section 11-313(d) and 11-521
Annotated Code of Maryland
(1992 Volume and 1996 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows;

Article - Business Regulation

11-402.

The Special Fund consists of:

(1)     the State share of daily licensee fees;

(2)     pari-mutuel taxes;

(3)     the impact aid under § 11-812 of this title;

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