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PARRIS N. GLENDENING, Governor
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Ch. 309
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(B) (C) "CORPORATION" MEANS THE MARYLAND ECONOMIC DEVELOPMENT
CORPORATION.
(C) (D) "ELIGIBLE RACING LICENSEE" MEANS A MILE THOROUGHBRED
LICENSEE OR A HARNESS RACING LICENSEE THAT CONDUCTS LIVE RACING WHEN
AT THE TIME BONDS ARE ISSUED AND ALLOCATES TAKEOUT TO THE CORPORATION
UNDER § 11-515 OR § 11-614 § 11-616 OF THIS TITLE.
(E) "FUND" MEANS THE RACING FACILITY REDEVELOPMENT BOND FUND
ESTABLISHED UNDER § 11-616 § 11-1206 OF THIS SUBTITLE.
(D) (F) "RACING FACILITY" MEANS A RACE TRACK OR A SATELLITE
SIMULCAST TRAINING FACILITY OWNED, OPERATED, OR CONTROLLED BY AN
ELIGIBLE RACING LICENSEE OR COMBINATION OF ELIGIBLE RACING LICENSEES.
11-1202.
(A) THE COMMISSION SHALL ESTABLISH THERE IS A MARYLAND RACING
FACILITY REDEVELOPMENT PROGRAM.
(B) TO CARRY OUT THE PROGRAM, THE COMMISSION:
(1) SHALL REVIEW, IN ACCORDANCE WITH THE PROVISIONS OF § 11-1203
OF THIS SUBTITLE, RACING FACILITY MASTER PLANS THAT ELIGIBLE RACING
LICENSEES SUBMIT UNDER § 11-1203(A) OF THIS SUBTITLE; AND
(2) MAY APPROVE SHALL SUBMIT TO THE AUTHORITY FOR APPROVAL
UNDER $§ 11-1204 AND 11-1207 OF THIS SUBTITLE, REQUESTS FROM ELIGIBLE
RACING LICENSEES TO USE PROCEEDS FROM BONDS ISSUED BY THE MARYLAND
ECONOMIC DEVELOPMENT CORPORATION FOR CAPITAL IMPROVEMENTS OR
RELATED EXPENDITURES.
11-1203.
(A) BEFORE RECEIVING ASSISTANCE UNDER § 11-1204 OF THIS SUBTITLE FOR
A SPECIFIC CAPITAL IMPROVEMENT OR EXPENDITURE, AN ELIGIBLE RACING
LICENSEE SHALL SUBMIT FOR APPROVAL TO THE COMMISSION A RACING FACILITY
MASTER PLAN.
(B) THE COMMISSION SHALL APPROVE AN ELIGIBLE RACING LICENSEE'S
RACING FACILITY MASTER PLAN IF:
(1) THE COMMISSION FINDS THAT THE PLAN IS IN THE BEST INTEREST
OF RACING IN THE STATE;
(2) THE APPLICANT SUBMITS A STATEMENT THAT THE PLAN MEETS
APPLICABLE LAND USE LAWS AND REGULATIONS;
(3) FOR PIMLICO RACE COURSE IN BALTIMORE CITY, THE APPLICANT
SUBMITS A STATEMENT THAT THE PLAN MEETS THE REQUIREMENTS OF THE
BALTIMORE CITY PLANNED UNIT DEVELOPMENT ORDINANCE 75-977;
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