Md. Code, Business Regulation § 11-812
This is the official text of Md. Code, Business Regulation § 11-812, part of Maryland’s Code, Business Regulation — governs general business licensing and regulation.
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§11–812.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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