Ch. 4

2007 Laws of Maryland

(2) The costs of the Commission shall be as provided in
the State budget.

9-1A-28.

(a)     There is a Purse Dedication Account under the authority
of the State Racing Commission.

(b)     (1) The Account shall receive money as required under §
9-1a-27 of this subtitle.

(2)     Money in the Account shall be invested and
reinvested by the treasurer and interest and earnings shall accrue
to the Account.

(3)     The Comptroller shall:

(I) account for the Account: and

(ii) on a properly approved transmittal prepared by
the State Racing Commission, issue a warrant to pay out money from
the Account in the manner provided under this section.

(4)     The Account is a special, nonlapsing fund that is not
subject to § 7-302 of the state finance and procurement article.

(5)     Expenditures from the Account shall only be made
on a properly approved transmittal prepared by the state racing
Commission as provided under subsection (c) of this section.

(c)     Subject to subsections (d) and (e) of this section, the
State Racing Commission shall allocate funds in the Account as

FOLLOWS:

(1)     80% to the thoroughbred industry: and

(2)     20% to the standardbred industry.

(d)     the amount of funds allocated to thoroughbred purses
and the Maryland-bred Race Fund shall be allocated as follows:

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