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Ch. 440 2002 LAWS OF MARYLAND
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(ii) 30% to the Maryland Standardbred Race Fund; and
(2) 89% to increase purses at harness racing tracks and thoroughbred
racing tracks to be allocated as follows:
(i) 70% to purses at the mile thoroughbred racing tracks and
Timonium; and
(ii) 30% to purses at the harness racing tracks which shall be
allocated 85% for Rosecroft Raceway and 15% for Ocean Downs.
(d) All funds provided for purses and bred funds at harness racing tracks, mile
thoroughbred racing tracks, and Timonium Race Course by this Act shall be in
addition to and may not supplant:
(1) Amounts allocated for purses and bred funds under current
agreements between the harness racing tracks and the organization that represents a
majority of owners and trainers of standardbred horses in the State; and
(2) Amounts otherwise provided in statute for purses and bred funds at
mile thoroughbred racing tracks and Timonium Race Course.
(e) The purses shall be distributed at mile thoroughbred racetracks and
Timonium Race Course according to a formula determined by the State Racing
Commission in consultation with the racetrack licensees and the organization that
represent a majority of owners and trainers of thoroughbred horses in the State.
SECTION 22. AND BE IT FURTHER ENACTED, That:
(a) (1) In this section the following words have the meanings indicated.
(2) " Fund" means the special fund established under this section.
(3) "Disproportionate share hospital payments" means moneys received by
the State from the federal government for State hospitals that serve a disproportionate
number of low-income patients with special needs.
(b) (1) A special fund is established to retain certain State revenues for the
purpose of reducing deficits accumulated prior to fiscal year 2003 in the State's
fee-for-service public mental health system.
(2) The Fund is a continuing, nonlapsing fund which is not subject to §
7-302 of the State Finance and Procurement Article.
(3) The Fund consists of the moneys distributed to the Fund under
subsection (c) of this section.
(4) The Treasurer shall separately hold, and the Comptroller shall
account for, the Fund.
(5) (i) The Fund shall be invested and reinvested in the same manner
as other State funds.
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(ii) Any investment earnings shall be credited to the Fund.
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- 3620 -
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