There is a Maryland International thoroughbred race conducted by a licensee at Laurel Park. The Maryland International is a graded stakes race run on a turf track. The purse for the Maryland International shall be funded by the Special Fund established under § 11–402 of this title. The takeout provisions of this subtitle shall apply to the Maryland International. The licensee shall pay all taxes and fees associated with the Maryland International that would otherwise be imposed for a thoroughbred race. The Maryland International shall be conducted only with the approval of the Commission. The licensee may make the Maryland Lottery and Gaming Control Agency a sponsor of the Maryland International under terms agreed on by the licensee and the Agency.