# Business Regulation (GBR)

## Title 11. Horse Racing

### Subtitle 4. Special Fund

#### Section 11-404.1

(a) If in any fiscal year revenues to the Special Fund established under Sec. 11-402 of this subtitle are insufficient to fully fund all grants required under Sec.Sec. 11-403 and 11-404 of this subtitle, the Comptroller shall proportionally reduce the amount of payments required under Sec.Sec. 11-403(a)(2) and (4), 11-403(c)(2), and 11-404 of this subtitle.

(b) If in any fiscal year revenues to the Special Fund established under Sec. 11-402 of this subtitle are sufficient to fully fund all grants required under Sec.Sec. 11-403 and 11-404 of this subtitle, after all required deductions from the Special Fund are made, the Comptroller shall pay from the Special Fund an annual grant of:

  (1) $300,000 to be allocated in the following way:

    (i) 70% to the Maryland-Bred Race Fund; and

    (ii) 30% to the Maryland Standardbred Race Fund, to be divided equally between the Sire Stakes Program and the Foaled Stakes Program; and

  (2) $260,000 to the Maryland Agricultural Education and Rural Development Assistance Fund established under Sec. 2-206 of the State Finance and Procurement Article, with $130,000 to be allocated to support the operations of the Rural Maryland Council.

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Md. Code Ann., Bus. Reg. (as displayed at mgaleg.maryland.gov, October 16, 2026)