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Maryland Code, Business Regulation § 11-524

Current as of January 01, 2025 | Updated by Findlaw Staff

(a)(1) The Commission shall issue a special thoroughbred racing license to the State Fair Society to hold a race meeting.

(2) The race meeting shall:

(i) last not more than 10 days in a calendar year;

(ii) be held with or for the benefit of the State Fair or a county fair or agricultural exhibition; and

(iii) comply with this title.

(b) The State Fair Society shall pay to the county treasurer of the county where the fair or exhibition is held, for the use of the county, a fee of $50 for each racing day of the race meeting.

(c) The Commission may authorize the State Fair Society to transfer a race meeting from the State Fair Society's own track to the track of a mile thoroughbred racing licensee:

(1) on receipt of the appropriate license fees; and

(2) with the express consent of the owner or lessee of the track to which the transfer is made.

(d) If the State Fair Society ends special thoroughbred racing at the Timonium Race Course, the racing days that were awarded to it may be awarded to a mile thoroughbred licensee on the same terms as the additional racing days under § 11-511 of this subtitle.

(e) If racing is discontinued at the Timonium Race Course:

(1) compensation may not be paid to the State Fair Society to offset revenue loss from the discontinuance of racing; and

(2) payment of the grant to Baltimore County under § 11-403 of this title shall end.

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Cite this article: FindLaw.com - Maryland Code, Business Regulation § 11-524 - last updated January 01, 2025 | https://codes.findlaw.com/md/business-regulation/md-code-bus-reg-sect-11-524/

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