Ch. 203                                    2003 LAWS OF MARYLAND

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)     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
the Commission, to be credited to the Racing Facility 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 Commission
under this section; and

(2) pay that amount to the Commission, whichever is applicable.

(c) (1) The license of a licensee shall be revoked if the licensee:

(i) fails to report when money under this section is due; or

(ii) knowingly or willfully submits a report that understates the
amount due.

(2) A licensee whose license is revoked under this subsection may not
hold a license for at least 1 year.]

SECTION 5. AND BE IT FURTHER ENACTED, That [Sections] SECTION 2
[and 3] of this Act shall remain effective until the bonds issued by the Maryland
Economic Development Corporation for the purposes of this Act, and the obligations
thereunder, have been fully satisfied and are expired, and with no further action
required by the General Assembly, [Sections] SECTION 2 [and 3] of this Act shall be
abrogated and of no further force and effect.
Chapter 285 of the Acts of 2002

SECTION 4. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2002. Section 1 of this Act shall remain in effect for a period of 1 year [and 6
months] and, at the end of [December 31] JUNE 30, 2003, with no further action
required by the General Assembly, Section 1 of this Act shall be abrogated and of no
further force and effect.

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