§ 11-406
115 words·~1 min read·
/md/business-regulation/11-406A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§11–406.
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.