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Session Laws, 1999
Volume 796, Page 1724   View pdf image
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Section 11-804.2
Annotated Code of Maryland
(1998 Replacement Volume)

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;

(4) except as provided in § 11-521 of this title, money from uncashed
pari-mutuel tickets that are from bets made into the betting pools of nonharness
licensees; and

(5) any permit fees under §§ 11-820 and 11-832 of this title.
11-521. 

(a) $500,000 in money from uncashed pari-mutuel tickets that are from bets
made into the mutuel pools of mile thoroughbred licensees shall be paid to the
Maryland Million, Ltd., as a grant to support and promote the running of Maryland
Million races.

(b) There is a special fund to be used only for marketing, purses, and
promotion activities directly related to the running of Maryland Million races.

(c) In accordance with § 7-209 of the State Finance and Procurement Article,
the Governor by budgetary amendment shall allocate money from the special fund
under subsection (b) of this section as a grant to the Maryland Million, Ltd., for
marketing, purses, and promotion activities directly related to the running of
Maryland Million races.

11-803.

(a) If a winning ticket is not redeemed within 1 year, the licensee into whose
betting pool the bet was placed shall pay the amount needed to redeem the ticket to:

(1) the Maryland Standardbred Race Fund under § 11-630 of this title
for bets made into the betting pools of a harness licensee;

(2) the Commission, for bets made into the betting pools of a mile
thoroughbred licensee, to be credited as follows:

(i) $500,000 to the special fund under § 11-521 of this title; and

 

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Session Laws, 1999
Volume 796, Page 1724   View pdf image
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