Md. Code Ann., Bus. Reg. § 11-406
Disbursement of remaining money
Effective May 10, 2005Added by Acts 1992, c. 4, § 2. Amended by Acts 1998, c. 477, § 1, eff. June 1, 1998; Acts 1999, c. 291, § 1, eff. June 1, 1999; Acts 2000, c. 309, § 1, eff. July 1, 2000; Acts 2005, c. 410, § 1, eff. May 10, 2005.State of Maryland
- (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.
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:
Added by Acts 1992, c. 4, § 2. Amended by Acts 1998, c. 477, § 1, eff. June 1, 1998; Acts 1999, c. 291, § 1, eff. June 1, 1999; Acts 2000, c. 309, § 1, eff. July 1, 2000; Acts 2005, c. 410, § 1, eff. May 10, 2005.
Formerly Art. 78B, § 19.