|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PARRIS N. GLENDENING, Governor Ch. 309
|
|
|
|
|
|
|
|
|
|
MARKETING AND PROMOTION BY THE APPLICANT AND ITS AFFILIATES FOR THE
CALENDAR YEARS 1993 THROUGH 1997; AND
(II) FOR EACH OF THE FIRST 5 YEARS AFTER INITIAL ISSUANCE OF
THE BONDS BY THE CORPORATION, AN AMOUNT EQUAL TO 1.0% OF THE AMOUNT
BET IN THE STATE IN EACH MUTUEL POOL OF A MILE THOROUGHBRED LICENSEE
LOCATED IN BALTIMORE CITY OR ANNE ARUNDEL COUNTY, FOR IMPROVEMENTS,
INCLUDING SATELLITE SIMULCAST BETTING FACILITIES, AND MARKETING AND
PROMOTION IN ACCORDANCE WITH THE MASTER PLAN.
(D) THE COMMISSION AUTHORITY SHALL NOTIFY THE CORPORATION OF THE
APPROVAL OF AN APPLICATION UNDER THIS SECTION BEFORE THE CORPORATION
MAY RELEASE FUNDS TO AN ELIGIBLE RACING LICENSEE.
11-1205.
TOTAL ASSISTANCE GRANTED TO ELIGIBLE RACING LICENSEES UNDER THIS
SUBTITLE SHALL BE APPORTIONED IN THE FOLLOWING MANNER:
(A) EXCEPT FOR THE AMOUNT OF ASSISTANCE, IF ANY, GRANTED TO AN
ELIGIBLE LICENSEE LOCATED IN ALLEGANY COUNTY, AND EXCEPT FOR THE
AMOUNT IN SUBSECTION (C) OF THIS SECTION, TOTAL ASSISTANCE GRANTED TO
ELIGIBLE RACING LICENSEES UNDER THIS SUBTITLE SHALL BE APPORTIONED IN
THE FOLLOWING MANNER:
(1) 80% TO ELIGIBLE RACING LICENSEES THAT ARE MILE
THOROUGHBRED RACING LICENSEES; AND
(2) 20% TO ELIGIBLE RACING LICENSEES THAT ARE HARNESS RACING
LICENSEES.
(B) THE TOTAL ASSISTANCE GRANTED TO AN ELIGIBLE RACING LICENSEE
THAT IS LOCATED IN ALLEGANY COUNTY, INCLUDING THE AMOUNT OF BONDS
ISSUED BY THE CORPORATION, MAY NOT BE MORE THAN A PROPORTIONATE
AMOUNT OF TOTAL ASSISTANCE GRANTED TO ALL LICENSEES UNDER THIS
SUBTITLE BASED ON THE TAKEOUT ALLOCATED TO THE RACING FACILITY
REDEVELOPMENT BOND FUND BY THE LICENSEE LOCATED IN ALLEGANY COUNTY
COMPARED TO THE TAKEOUT ALLOCATED TO THE BOND FUND BY ALL ELIGIBLE
LICENSEES.
(C) IN ADDITION TO THE AMOUNT OF ASSISTANCE GRANTED UNDER
SUBSECTION (A)(1) OF THIS SECTION TO ELIGIBLE RACING LICENSEES THAT ARE
MILE THOROUGHBRED LICENSEES, SUCH LICENSEES SHALL RECEIVE ASSISTANCE
IN AN AMOUNT ATTRIBUTABLE TO 0.75% OF THE AMOUNT BET THAT IS ALLOCATED
TO THE FUND UNDER 11-515.3 OF THIS TITLE.
11-1206.
(A) THERE IS A RACING FACILITY REDEVELOPMENT BOND FUND.
(B) THE CORPORATION SHALL USE THE FUND AS A NONLAPSING REVOLVING
FUND FOR CARRYING OUT THE PROVISIONS OF THIS SUBTITLE RELATING TO RACING
FACILITIES.
|
|
|
|
|
|
|
|
|
|
- 1867 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
