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§ 11-812. Impact aid refund

West's Annotated Code of MarylandBusiness RegulationEffective: April 10, 2012

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 11. Horse Racing (Refs & Annos)
Subtitle 8. Pari-Mutuel Betting (Refs & Annos)
Part II. Intertrack Betting (Refs & Annos)
Effective: April 10, 2012
MD Code, Business Regulation, § 11-812
§ 11-812. Impact aid refund
(a) A mile thoroughbred racing licensee operating a sending track shall pay to the Commission, within 10 days after each day of intertrack betting on thoroughbred racing at a receiving track, $1,000 of the impact aid to be paid to political subdivisions for intertrack betting for that day under § 11-404(c) and (d) of this title.
(b) The licensee shall deduct from the takeout the payment under subsection (a) of this section and then shall allocate the rest of the takeout in the way normally applicable to racing at the sending track.
(c) The Commission shall pay promptly to the Comptroller all money collected under this section.

Credits

Added by Acts 1992, c. 4, § 2. Amended by Acts 2012, c. 130, § 1, eff. April 10, 2012.
Formerly Art. 78B, § 14.
MD Code, Business Regulation, § 11-812, MD BUS REG § 11-812
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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