<?xml version='1.0' encoding='utf-8'?>
<section article="gbr" article_name="Business Regulation" number="11-515.1" title_number="11" title_name="Horse Racing" subtitle_number="5" subtitle_name="Thoroughbred Racing">
  <level label="a">
    <text>Notwithstanding § 11-515 of this subtitle, the amount of the takeout relating to purses, the Maryland-Bred Race Fund, and the amount retained by the licensee may be allocated in accordance with the terms of a written agreement signed by the authorized representatives of:</text>
    <level label="1">
      <text>the licensee;</text>
    </level>
    <level label="2">
      <text>the group that represents a majority of the owners and trainers licensed in the State at the time the agreement is signed; and</text>
    </level>
    <level label="3">
      <text>the group that represents a majority of the breeders in the State at the time the agreement is signed.</text>
    </level>
  </level>
  <level label="b">
    <text>Nothing in this section may be construed to permit the licensee to in any way alter the mandatory takeout allocated to the Commission for the State tax.</text>
  </level>
</section>
