§ 11–406
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Reg. § 11-406 (2026)
Title 11. Horse Racing
Subtitle 4. Special Fund
§ 11–406LinkCopy Citation
After all deductions from the Special Fund as required by §§ 11-403, 11-404, and 11-404.1 of this subtitle are made, money that remains in the Special Fund shall be allocated in the following way:
(1)
50% to the Maryland Agricultural Education and Rural Development Assistance Fund established under § 2-206 of the State Finance and Procurement Article, with one-third of these funds to be allocated to support the operations of the Rural Maryland Council; and
(2)
50% 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.