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§ 11-1205. Funding; use of funds

West's Annotated Code of MarylandBusiness Regulation

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 11. Horse Racing (Refs & Annos)
Subtitle 12. Pimlico Community Development Authority (Refs & Annos)
MD Code, Business Regulation, § 11-1205
§ 11-1205. Funding; use of funds
(a) The Authority shall receive 80% of the money from the Special Fund, established under § 11-401 of this title, that is designated for payment to Baltimore City under § 11-404 of this title.
(b)(1) Subject to the provisions of paragraph (2) of this subsection, the money received by the Authority shall be used to pay for facilities and services in communities in the Baltimore City limits within 2 miles of the Pimlico Race Course.
(2) In making its determinations on the use of the money provided to the Authority under subsection (a) of this section, the Authority shall give considerable weight to the housing, economic, and community development needs of the Park Heights Corridor, based on statistics including poverty and population statistics.

Credits

Added by Acts 2005, c. 603, § 1, eff. Oct. 1, 2005.
MD Code, Business Regulation, § 11-1205, MD BUS REG § 11-1205
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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