1. (a) Except as provided in subsection (b) of this section, the Commission may:

   1. (1) adopt regulations and conditions to govern racing and betting on racing in the State; and

   2. (2) approve or disapprove:

      1. (i) prices that a licensee may set for admission to a race, a service performed, or an article sold at a track; and
      2. (ii) the size of the purse, reward, or stake to be offered at a race.

2. (b) The Commission may not adopt regulations that allow:

   1. (1) racing a breed of horse not now authorized by law; or

   2. (2) holding currently unauthorized:

      1. (i) intertrack betting;
      2. (ii) off-track betting; or
      3. (iii) telephone betting other than telephone account betting.

Added by Acts 1992, c. 4, § 2.

Formerly Art. 78B, § 11.