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Ch. 309 2000 LAWS OF MARYLAND
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LICENSEE SHALL MAKE THE ALLOCATION TO THE RACING FACILITY
REDEVELOPMENT BOND FUND REQUIRED UNDER SUBSECTION (A) OF THIS SECTION
AS LONG AS THE BONDS ISSUED BY THE CORPORATION ARE OUTSTANDING.
Chapter 750 of the Acts of 1997, as amended by Chapter 477 of the Acts of
1998 and Chapter 291 of the Acta of 1999
SECTION 5. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1997. It shall remain effective for a period of [3 years] 5 YEARS and 1 month
and, at the end of [June 30, 2000] JUNE 30, 2002, with no further action required by
the General Assembly, this Act shall be abrogated and of no further force and effect.
SECTION 3. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:
Article - Business Regulation
11-402.
The special fund consists of:
(1) the State share of daily license fees;
(2) pari-mutuel taxes;
(3) the impact aid under § 11-812 of this title; AND
(4) [money from uncashed pari-mutuel tickets that are from bets made
into the betting pools of licensees; and
(5) ] any permit fees under §§ 11-820 and 11-832 of this title.
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; or
(2) ] the Commission, to be credited to the [Special Fund under Subtitle
4 of this title, for bets made into the betting pools of a nonharness licensee] RACING
FACILITY DEVELOPMENT REDEVELOPMENT BOND FUND UNDER SUBTITLE 12 OF
THIS TITLE.
(b) Every year for the preceding calendar year, each licensee shall:
(1) report to the Commission the amount payable to[ the Maryland
Standardbred Race Fund or] the Commission under this section; and
(2) pay that amount to [the Maryland Standardbred Race Fund or] the
Commission, whichever is applicable.
(c) (1) The license of a licensee shall be revoked if the licensee:
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