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§ 11-404. Half-yearly installment grants

West's Annotated Code of MarylandBusiness RegulationEffective: June 1, 2013

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 11. Horse Racing (Refs & Annos)
Subtitle 4. Special Fund (Refs & Annos)
Effective: June 1, 2013
MD Code, Business Regulation, § 11-404
§ 11-404. Half-yearly installment grants
Currentness
(a)(1) To help pay for facilities and services in communities within 2 miles of the Pimlico Race Course or 3 miles of the Laurel Race Course, the Comptroller shall pay money to Baltimore City, the City of Laurel, and Anne Arundel and Howard counties in accordance with this section.
(2) The money shall be paid from the Special Fund in an annual grant.
(b) In any year, payments required under this section may not be less than the total allocated for 140 days of live racing at each track.
(c)(1) If 140 or more days of live racing in a year are held at Pimlico Race Course, the Comptroller shall pay to Baltimore City:
(i) $2,800 for each day of live racing; and
(ii) $1,400 for each additional day of intertrack betting without live racing held.
(2) If fewer than 140 days of live racing in a year are held at Pimlico Race Course, the Comptroller shall pay to Baltimore City:
(i) $2,800 for each day of live racing or intertrack betting without live racing held, up to a maximum payment for 140 days; and
(ii) $1,400 for each additional day of intertrack betting without live racing held.
(d)(1) If 140 or more days of live racing in a year are held at Laurel Race Course, the Comptroller shall pay:
(i) for each day of live racing, $2,000 to Anne Arundel County, $500 to Howard County, and $300 to the City of Laurel; and
(ii) for each additional day of intertrack betting without live racing held, $1,000 to Anne Arundel County, $250 to Howard County, and $150 to the City of Laurel.
(2) If fewer than 140 days of live racing in a year are held at Laurel Race Course, the Comptroller shall pay:
(i) for each day of live racing or each day of intertrack betting without live racing held, up to a maximum payment for 140 days, $2,000 to Anne Arundel County, $500 to Howard County, and $300 to the City of Laurel; and
(ii) for each additional day of intertrack betting without live racing held, $1,000 to Anne Arundel County, $250 to Howard County, and $150 to the City of Laurel.

Credits

Added by Acts 1992, c. 4, § 2. Amended by Acts 2005, c. 410, § 1, eff. May 10, 2005; Acts 2013, c. 425, § 1, eff. June 1, 2013.
Formerly Art. 78B, § 19.
MD Code, Business Regulation, § 11-404, MD BUS REG § 11-404
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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