WES MOORE, Governor Ch. 111 – 1 – Chapter 111 (Senate Bill 720) AN ACT concerning Maryland Horse Racing Act – Sunset Extension of Maryland Horse Racing Act and Establishment of Maryland Thoroughbred Racetrack Operating Authority FOR the purpose of extending the termination date of the Maryland Horse Racing Act; establishing the Maryland Thoroughbred Racetrack Operating Authority; establishing the Maryland Racing Operations Fund as a special, nonlapsing fund; authorizing the Maryland Stadium Authority to transfer money from the Racing and Community Development Facilities Fund to the Maryland Racing Operations Fund; requiring interest earnings of the Maryland Racing Operations Fund to be credited to the Maryland Racing Operations Fund; altering the authorized uses of certain grants and the names of certain grantees; extending the date by which the owner of the Bowie Race Course Training Center property must convey the property to the City of Bowie; altering the amount and distribution of certain funds transferred to the City of Bowie; and generally relating to the Maryland Horse Racing Act and the Maryland Thoroughbred Racetrack Operating Authority. BY repealing and reenacting, without amendments, Article – Business Regulation Section 11–1101 Annotated Code of Maryland (2015 Replacement Volume and 2022 Supplement) BY repealing and reenacting, with amendments, Article – Business Regulation Section 11–510, 11–519(d), and 11–1102 Annotated Code of Maryland (2015 Replacement Volume and 2022 Supplement) BY repealing and reenacting, without amendments, Article – Economic Development Section 10–657.3(a) Annotated Code of Maryland (2018 Replacement Volume and 2022 Supplement) BY repealing and reenacting, with amendments, Article – Economic Development Section 10–657.3(f)(1) Annotated Code of Maryland (2018 Replacement Volume and 2022 Supplement) BY adding to Ch. 111 2023 LAWS OF MARYLAND – 2 – Article – Economic Development Section 10–1001 through 10–1008 to be under the new subtitle “Subtitle 10. Maryland Thoroughbred Racetrack Operating Authority” Annotated Code of Maryland (2018 Replacement Volume and 2022 Supplement) BY repealing and reenacting, without amendments, Article – State Finance and Procurement Section 6–226(a)(2)(i) Annotated Code of Maryland (2021 Replacement Volume and 2022 Supplement) BY repealing and reenacting, with amendments, Article – State Finance and Procurement Section 6–226(a)(2)(ii)170. and 171. Annotated Code of Maryland (2021 Replacement Volume and 2022 Supplement) BY adding to Article – State Finance and Procurement Section 6–226(a)(2)(ii)172. and 11–203(j) Annotated Code of Maryland (2021 Replacement Volume and 2022 Supplement) BY repealing and reenacting, with amendments, Chapter 590 of the Acts of the General Assembly of 2020 Section 8 BY repealing and reenacting, with amendments, Chapter 344 of the Acts of the General Assembly of 2022 Section 1(3) Item DA03(B) and SA25(B) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, That the Laws of Maryland read as follows: Article – Business Regulation 11–1101. This title is the Maryland Horse Racing Act. 11–1102. Subject to the evaluation and reestablishment provisions of the Maryland Program Evaluation Act, this title and all regulations adopted under this title shall terminate on July 1, [2024] 2034. WES MOORE, Governor Ch. 111 – 3 – SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryl and read as follows: Article – Business Regulation 11–510. (a) Except as provided in subsection (b) of this section, the Commission may not issue a license, or award racing days, for racing at a mile track. (b) The Commission may issue a license and award racing days only to: (1) the Maryland Jockey Club of Baltimore City, Inc.; [and] (2) the Laurel Racing Assoc., Inc.; AND (3) SUBJECT TO § 10–1003(B) OF THE ECONOMIC DEVELOPMENT ARTICLE, THE MARYLAND THOROUGHBRED RACETRACK OPERATING AUTHORITY. 11–519. (d) (1) (i) On or before December 31, [2023] 2024, the owner of the Bowie Race Course Training Center shall convey the Bowie Race Course Training Center property to the City of Bowie “as is”, with all defects that may exist, whether known or unknown, and without any express or implied warranty, guarantee by, or recourse against the conveyor of the property. (ii) Notwithstanding any other provision of law, the conveyor of the Bowie Race Course Training Center property shall be held harmless against any and all claims and risks, now or in the future, arising directly or indirectly from, or in any way related to, the condition of the property or conveyance, with all those claims and risks assumed by the City of Bowie. (2) The portion of the Bowie Race Course Training Center property transferred to the City of Bowie that is within 100 feet of the top of the Patuxent River bank shall be used for passive recreational activities, including hiking, wildlife viewing, picnicking, and walking. (3) The portion of the Bowie Race Course Training Center property transferred to the City of Bowie not described under paragraph (2) of this subsection may: (i) be used only for active recreational activities, including baseball, football, soccer, and cricket; and Ch. 111 2023 LAWS OF MARYLAND – 4 – (ii) have only one structure that is up to 50,000 square feet constructed on the property. (4) On or before January 1, 2021, the City of Bowie shall enter into a joint use agreement, including an easement, with Bowie State University for the future use of the property described under paragraph (3) of this subsection. (5) The City of Bowie and Bowie State University shall report to the General Assembly, in accordance with § 2–1257 of the State Government Article, on the final terms of the joint use agreement entered into under this subsection. Article – Economic Development 10–657.3. (a) There is a Racing and Community Development Facilities Fund. (f) (1) Before the issuance of any bonds authorized under this subtitle to finance improvements to a racing facility, the Authority may: (I) pay [for] FROM THE RACING AND COMMUNITY DEVELOPMENT FACILITIES FUND any costs for administration, overhead, and operations of the Authority [or], costs of engineering, architectural, and other design professionals [from the Racing and Community Development Facilities Fund], OR COSTS AUTHORIZED UNDER SUBTITLE 10 OF THIS TITLE; AND (II) TRANSFER MONEY FROM THE RACING AND COMMUNITY DEVELOPMENT FACILITIES FUND TO THE MARYLAND RACING OPERATIONS FUND UNDER § 10–1008 OF THIS TITLE. SUBTITLE 10. MARYLAND THOROUGHBRED RACETRACK OPERATING AUTHORITY. 10–1001. IN THIS SUBTITLE , “AUTHORITY” MEANS THE MARYLAND THOROUGHBRED RACETRACK OPERATING AUTHORITY. 10–1002. (A) THERE IS A MARYLAND THOROUGHBRED RACETRACK OPERATING AUTHORITY. (B) THE AUTHORITY IS A BODY P OLITIC AND CORPORATE AND IS AN INSTRUMENTALITY OF T HE STATE. WES MOORE, Governor Ch. 111 – 5 – (C) THE EXERCISE BY THE AUTHORITY OF A POWER UNDER THIS SUBTITLE IS THE PERFORMANCE OF AN ESSENTIAL GOVE RNMENTAL FUNCTION . 10–1003. (A) THE PURPOSE OF THE AUTHORITY IS TO MAINT AIN THE STATE AS A BEST–IN–CLASS THOROUGHBRED H ORSE RACING VENUE . (B) THE AUTHORITY MAY : (1) STUDY AND MAKE ANY R ECOMMENDATIONS THAT THE AUTHORITY FINDS ARE IN THE BEST INTE RESTS OF THOROUGHBRE D RACING IN THE STATE; (2) IN COORDINATION WITH OTHER STATE ENTITIES, DEVELOP NEW AND EXISTING HORSE R ACING AND TRAINING F ACILITIES IN THE STATE; (3) SUBJECT TO SUBSECTIO N (C) OF THIS SECTION AND IN ACCORDANCE WITH AN EXECUTIVE OR DER OR A DETERMINATI ON OF THE STATE RACING COMMISSION THAT A THO ROUGHBRED RACING LIC ENSEE UNDER TITLE 11, SUBTITLE 5 OF THE BUSINESS REGULATION ARTICLE, FOR ANY REASON OTHER THAN WEATHER , AN ACT OF GOD, OR OTHER CIRCUMSTANC ES BEYOND THE CONTROL OF THE LICEN SEE, IS UNABLE TO SUPPORT THE MINIMUM NUMBER O F LIVE RACING DAYS : (I) MANAGE AND OVERSEE , IN COMPLIANCE WITH TITLE 11, SUBTITLE 5 OF THE BUSINESS REGULATION ARTICLE: 1. DAY–TO–DAY THOROUGHBRED HOR SE RACING OPERATIONS; 2. LIVE RACING DAYS ; AND 3. ASSETS IN THE STATE; AND (II) IN COORDINATION WITH THE MARYLAND ECONOMIC DEVELOPMENT CORPORATION , ACQUIRE PROPERTY OR CONTRACTUAL INTEREST S CONSISTENT WITH § 11–521 OF THE BUSINESS REGULATION ARTICLE AND THE PROCEDURES SET FORTH IN §§ 8–334 THROUGH 8–339 OF THE TRANSPORTATION ARTICLE; (4) ENTER INTO ANY AGREE MENTS, LEASES, PARTNERSHIPS , OR CONTRACTS NECESSARY TO: Ch. 111 2023 LAWS OF MARYLAND – 6 – (I) SUPPORT AND SUSTAIN MARYLAND THOROUGHBRED RACING AND PARI –MUTUEL WAGERING ACTI VITY; AND (II) ENSURE COMPLIANCE WITH STATE RACING COMMISSION RULES AND REGULATION S; (5) AUTHORIZE OR CREATE A SEPARATE BODY , ENTITY, OR HOLDING COMPANY TO CARRY OUT ANY PROVISIONS OF TH IS SUBTITLE; (6) ADOPT REGULATIONS TO CARRY OUT THE PROVIS IONS OF THIS SUBTITLE; AND (7) MAKE ANY OTHER RECOM MENDATIONS THE AUTHORITY DEEMS NECESSARY. (C) BEFORE THE AUTHORITY MAY EXERCIS E THE POWERS AUTHORI ZED UNDER SUBSECTION (B)(3) OF THIS SECTION , THE LEGISLATIVE POLICY COMMITTEE SHALL REVIE W AND COMMENT ON THE EXECUTIVE ORDER OR DETERMINATION OF THE STATE RACING COMMISSION DESCRIBED UNDER SUBSECTION (B)(3) OF THIS SECTION. 10–1004. (A) (1) SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION , THE AUTHORITY CONSISTS OF : (I) THE FOLLOWING MEMBER S APPOINTED BY THE GOVERNOR WITH THE ADVICE AND CONSENT O F THE SENATE: 1. ONE MEMBER FROM A LI ST OF TWO INDIVIDUAL S NOMINATED BY THE MARYLAND THOROUGHBRED HORSEMEN’S ASSOCIATION; 2. ONE MEMBER FROM A LI ST OF TWO INDIVIDUAL S NOMINATED BY THE MARYLAND HORSE BREEDERS ASSOCIATION; AND 3. THREE OTHER MEMBERS WHO POSSESS RELEVANT INDUSTRY, BUSINESS, OR GOVERNMENT EXPERI ENCE: A. AT LEAST ONE OF WHOM SHALL HAVE EXPERIENC E IN REAL ESTATE DEVELOPM ENT OR THE FINANCIAL SERVICES INDUSTRIES ; AND B. ONE OF WHOM SHALL SE RVE AS CHAIR; WES MOORE, Governor Ch. 111 – 7 – (II) THE CHAIR OR EXECUTIVE DIRECTOR OF THE MARYLAND STADIUM AUTHORITY, OR THE DESIGNEE OF T HE CHAIR OR EXECUTIVE DIRECTOR; (III) THE CHAIR OR EXECUTIVE DIRECTOR OF THE MARYLAND ECONOMIC DEVELOPMENT CORPORATION , OR THE DESIGNEE OF T HE CORPORATION ’S BOARD OF DIRECTORS; (IV) ONE MEMBER WHO IS NO T AN ELECTED OFFICIA L, APPOINTED BY THE PRESIDENT OF THE SENATE; (V) ONE MEMBER WHO IS NO T AN ELECTED OFFICIA L, APPOINTED BY THE SPEAKER OF THE HOUSE; (VI) THE FOLLOWING NONVOT ING, EX OFFICIO MEMBERS, APPOINTED BY THE GOVERNOR: 1. ONE MEMBER OF THE CO MMUNITY WHO RESIDES NEAR LAUREL PARK RACE COURSE; 2. ONE MEMBER OF THE CO MMUNITY WHO RESIDES NEAR PIMLICO RACE COURSE; AND 3. ONE MEMBER OF THE CO MMUNITY WHO RESIDES NEAR THE BOWIE RACE COURSE TRAINING CENTER PROPERTY ; AND (VII) ONE NONVOTING , EX OFFICIO MEMBER OF THE STATE RACING COMMISSION, DESIGNATED BY A MAJO RITY OF THE MEMBERS OF THE STATE RACING COMMISSION. (2) A MAJORITY OF THE MEMB ERS OF THE AUTHORITY MAY NOT HAVE A DIRECT INTEREST IN THO ROUGHBRED HORSE RACI NG AS AN OWNER , TRAINER, OR LICENSEE. (B) (1) THE TERM OF A MEMBER IS 4 YEARS. (2) AT THE END OF A TERM , A MEMBER CONTINUES T O SERVE UNTIL A SUCCESSOR IS APPOI NTED AND QUALIFIES . (3) THE TERMS OF THE INIT IAL FIVE MEMBERS APPOINT ED BY THE GOVERNOR SHALL BE STA GGERED. (C) (1) FIVE MEMBERS OF THE AUTHORITY ARE A QUORU M. Ch. 111 2023 LAWS OF MARYLAND – 8 – (2) ACTION BY THE AUTHORITY REQUIRES TH E AFFIRMATIVE VOTE OF AT LEAST FIVE MEM BERS OF THE AUTHORITY. (D) A MEMBER OF THE AUTHORITY: (1) MAY NOT RECEIVE COMP ENSATION AS A MEMBER OF THE AUTHORITY; AND (2) IS ENTITLED TO REIMB URSEMENT FOR EXPENSE S UNDER THE STANDARD STATE TRAVEL REGULATIONS, AS PROVIDED IN THE STATE BUDGET . 10–1005. (A) THE AUTHORITY MAY HIRE AN EXECUTIVE DIRECTOR WHO SERVES AS THE CHIEF EXECUTIVE OFFICER OF THE AUTHORITY. (B) THE EXECUTIVE DIRECTOR SHALL : (1) DIRECT AND SUPERVISE THE ADMINISTRATIVE A CTIVITIES OF THE AUTHORITY, IN ACCORDANCE WITH I TS REGULATIONS AND P OLICIES; (2) ATTEND ALL MEETINGS OF THE AUTHORITY; (3) KEEP MINUTES OF ALL PROCEEDINGS OF THE AUTHORITY; (4) APPROVE ALL ACCOUNTS FOR SALARIES, PER DIEM PAYMENTS , AND ALL ALLOWABLE EX PENSES OF THE AUTHORITY, ITS EMPLOYEES , AND ITS CONSULTANTS ; (5) APPROVE ALL EXPENSES INCIDENTAL TO THE O PERATION OF THE AUTHORITY; (6) REPORT AND MAKE RECO MMENDATIONS TO THE AUTHORITY ON THE MERITS AND STATU S OF ANY PROPOSED FA CILITY; AND (7) PERFORM THE OTHER DU TIES THAT THE AUTHORITY REQUIRES TO CARRY OUT THIS SU BTITLE. (C) THE EXECUTIVE DIRECTOR SHALL SERVE AT THE PL EASURE OF THE AUTHORITY. (D) (1) THE AUTHORITY MAY EMPLOY OR RETAIN STAFF AS D EEMED NECESSARY OR ADVISAB LE, INCLUDING CONSULTANT S, ENGINEERS, ARCHITECTS, WES MOORE, Governor Ch. 111 – 9 – ACCOUNTANTS , FINANCIAL EXPERTS , CONSTRUCTION EXPERTS AND PERSONNEL , SUPERINTENDENTS , MANAGERS, AND OTHER PROFESSION AL PERSONNEL . (2) SUBJECT TO THE APPROV AL OF THE AUTHORITY AND PURSUAN T TO ITS APPROVED BUDG ET, THE EXECUTIVE DIRECTOR SHALL DETERM INE THE COMPENSATION OF ALL STAFF THAT THE AUTHORITY EMPLOYS OR RETAINS. (E) (1) THE ATTORNEY GENERAL IS THE LEGAL ADVISOR TO THE AUTHORITY. (2) WITH THE APPROVAL OF THE ATTORNEY GENERAL, THE AUTHORITY MAY RETAIN ANY ADDITIONAL LEGAL COUNSEL AS NECESSARY . (F) (1) WITH RESPECT TO ANY A GREEMENTS ENTERED IN TO BY THE AUTHORITY UNDER THIS SUBTITLE AND EXCEPT AS PROVID ED UNDER PARAGRAPH (2) OF THIS SUBSECTION , THE AUTHORITY IS EXEMPT F ROM DIVISION II OF THE STATE FINANCE AND PROCUREMENT ARTICLE. (2) THE AUTHORITY IS SUBJECT TO TITLE 12, SUBTITLE 4 AND TITLE 14, SUBTITLE 3 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 10–1006. THE AUTHORITY MAY : (1) ADOPT BYLAWS FOR THE CONDUCT OF ITS BUSIN ESS; (2) ADOPT A SEAL; (3) MAINTAIN OFFICES AT A PLACE IT DESIGNATE S IN THE STATE; (4) ACCEPT LOANS , GRANTS, OR ASSISTANCE OF ANY KIND FROM THE FEDERAL OR STATE GOVERNMENT , A LOCAL GOVERNMENT , A COLLEGE OR UNIVERSITY, OR A PRIVATE SOURCE ; (5) ENTER INTO CONTRACTS AND OTHER LEGAL INST RUMENTS; (6) RETAIN, EMPLOY, OR HIRE AN INDEPENDE NT FIRM FOR THE PURPOSE OF OPERATING AND MANAGING LIVE HORSE RA CING IN THE STATE; (7) SUE OR BE SUED; (8) ACQUIRE, PURCHASE, HOLD, LEASE AS LESSEE , AND USE: Ch. 111 2023 LAWS OF MARYLAND – 10 – (I) A FRANCHISE, PATENT, OR LICENSE; (II) STOCK OR OTHER FORMS OF OWNERSHIP INTERES TS IN CORPORATIONS , LIMITED LIABILITY COMPANIES, PARTNERSHIPS , OR OTHER ENTITIES, WHETHER OPERATED FOR PROFIT OR NOT FOR PR OFIT; (III) ANY REAL, PERSONAL, MIXED, TANGIBLE, OR INTANGIBLE PROPERTY; OR (IV) AN INTEREST IN A PRO PERTY LISTED UNDER T HIS ITEM; (9) SELL, LEASE AS LESSOR , TRANSFER, LICENSE, ASSIGN, OR DISPOSE OF PROPERTY OR A PROPERTY INTERE ST THAT IT ACQUIRES ; (10) FIX AND COLLECT RATE S, RENTALS, FEES, ROYALTIES, AND CHARGES FOR SERVICES AND RESOURCES IT PRO VIDES OR MAKES AVAIL ABLE; (11) CREATE, OWN, CONTROL, OR BE A MEMBER OF A CORPORAT ION, LIMITED LIABILITY CO MPANY, PARTNERSHIP , OR OTHER ENTITY , WHETHER OPERATED FOR PROFIT OR NOT FOR PROFIT ; (12) EXERCISE POWER USUAL LY POSSESSED BY A PR IVATE CORPORATION IN PERFO RMING SIMILAR FUNCTI ONS UNLESS TO DO SO WOULD CONFLICT WITH STATE LAW; (13) ASSIST WITH THE ADVE RTISING AND PROMOTIO N OF HORSE RACING INTERESTS ; AND (14) DO ALL THINGS NECESS ARY OR CONVENIENT TO CARRY OUT THE POWERS GRANTED BY TH IS SUBTITLE. 10–1007. THE AUTHORITY IS EXEMPT F ROM STATE AND LOCAL TAXES. 10–1008. (A) IN THIS SECTION , “FUND” MEANS THE MARYLAND RACING OPERATIONS FUND. (B) THERE IS A MARYLAND RACING OPERATIONS FUND. (C) THE PURPOSE OF THE FUND IS TO ASSIST THE AUTHORITY IN FINANCING THE ACQUIS ITION, CONSTRUCTION , REHABILITATION , OR OTHER WES MOORE, Governor Ch. 111 – 11 – CAPITAL EXPENSES OR OPERATING EXPENSES F OR THOROUGHBRED RACE TRACKS IN THE STATE. (D) THE AUTHORITY SHALL ADMIN ISTER THE FUND. (E) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. (2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. (F) THE FUND CONSISTS OF : (1) MONEY DISTRIBUTED TO THE FUND FROM THE RACING AND COMMUNITY DEVELOPMENT FINANCING FUND ESTABLISHED UNDE R § 10–657.3 OF THIS TITLE; (2) MONEY APPROPRIATED I N THE STATE BUDGET TO THE FUND; (3) INTEREST EARNINGS OF THE FUND; AND (4) ANY OTHER MONEY FROM ANY OTHER SOURCE ACC EPTED FOR THE BENEFIT OF THE FUND. (G) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND IN THE SAME MANNER A S OTHER STATE MONEY MAY BE IN VESTED. (2) ANY INTEREST EARNINGS OF THE FUND SHALL BE CREDITE D TO THE FUND. (H) EXPENDITURES FROM THE FUND MAY BE MADE ONLY IN ACCORDANCE WITH THE STATE BUDGET . Article – State Finance and Procurement 6–226. (a) (2) (i) Notwithstanding any other provision of law, and unless inconsistent with a federal law, grant agreement, or other federal requirement or with the terms of a gift or settlement agreement, net interest on all State money allocated by the State Treasurer under this section to special funds or accounts, and otherwise entitled to receive interest earnings, as accounted for by the Comptroller, shall accrue to the General Fund of the State. Ch. 111 2023 LAWS OF MARYLAND – 12 – (ii) The provisions of subparagraph (i) of this paragraph do not apply to the following funds: 170. the Cannabis Public Health Fund; [and] 171. the Community Reinvestment and Repair Fund; AND 172. THE MARYLAND RACING OPERATIONS FUND. 11–203. (J) EXCEPT AS PRO VIDED IN TITLE 12, SUBTITLE 4 AND TITLE 14, SUBTITLE 3 OF THIS ARTICLE , THIS DIVISION II DOES NOT APPLY TO TH E MARYLAND THOROUGHBRED RACETRACK OPERATING AUTHORITY. SECTION 3. AND BE IT FURTHER ENACTED, That the Laws of Maryland read as follows: Chapter 590 of the Acts of 2020 SECTION 8. AND BE IT FURTHER ENACTED, That, in addition to the funds otherwise available for racing and community development project costs under this Act and notwithstanding the limitations under § 10–657.3 of the Economic Development Article, as enacted by Section 1 of this Act, [at least $1,000,000 but not exceeding] $1,500,000 of the funds transferred to the Racing and Community Development Facilities Fund established under § 10–657.3 of the Economic Development Article in accordance with § 9–1A–29(d)(2) of the State Government Article, as enacted by Section 1 of this Act, shall be transferred to the City of Bowie, PROVIDED THAT A JOIN T USE AGREEMENT HAS BEEN EXECUTED BETWEEN THE CITY OF BOWIE AND BOWIE STATE UNIVERSITY IN ACCORDA NCE WITH § 11–519 OF THE BUSINESS REGULATION ARTICLE, AS ENACTED BY SECTION 1 OF THIS ACT, AND SHALL BE DISTRIB UTED AS FOLLOWS : (1) NOT MORE THAN $100,000 FOR ENGINEERING DESI GN AND ENVIRONMENTAL ANALYS IS PRIOR TO THE ACQU ISITION OF THE BOWIE RACE COURSE TRAINING CENTER PROPER TY; AND (2) THE REMAINDER for remediation costs of the Bowie Race Course Training Center property[, provided that a joint use agreement has been executed between the City of Bowie and Bowie State University in accordance with § 11–519 of the Business Regulation Article, as enacted by Section 1 of this Act]. Chapter 344 of the Acts of 2022 Section 1(3) WES MOORE, Governor Ch. 111 – 13 – SECTION 4. AND BE IT FURTHER ENACTED, That, on or before December 1, 2023, the Maryland Thoroughbred Racetrack Operating Authority established under § 10–1002 of the Economic Development Article, as enacted by Section 2 of this Act, shall report to the Senate Budget and Taxation Committee, the House Appropriations Committee, and the House Ways and Means Committee, in accordance with § 2–1257 of the State Government Article, on: (1) the feasibility of establishing at least two alternative thoroughbred training facilities in the State; (2) a review of best practices for thoroughbred racing industry operating models and recommendations for operating models in the State; and (3) the progress of the Pimlico and Laurel Park racing facility redevelopment plans under Chapter 590 of the Acts of the General Assembly of 2020. SECTION 2. 5. AND BE IT FURTHER ENACTED, That Section 1 of this Act shall take effect October 1, 2023. SECTION 6. AND BE IT FURTHER ENACTED, That, except as provided in Section 5 of this Act, this Act shall take effect June 1, 2023. Section 2 of this Act shall remain effective for a period of 4 years and 1 month and, at the end of June 30, 2027, Section 2 of this Act, with no further action required by the General Assembly, shall be abrogated and of no further force and effect. DA03 MARYLAND STADIUM AUTHORITY (B) [Pimlico Race Course Demolition. Provide funds for the demolition of existing structures at the Pimlico Race Course (Baltimore City)] MARYLAND RACING OPERATIONS FUND. PROVIDE FUNDS FOR THE ACQUISITION, CONSTRUCTION , REHABILITATION , OR OTHER CAPITAL EXP ENDITURES FOR THOROUGHBRED RAC ETRACKS (STATEWIDE) ............. 5,000,000 SA25 DIVISION OF DEVELOPMENT FINANCE (Statewide) (B) [Laurel Park – Backstretch Housing. Provide funds for the acquisition, planning, design, construction, repair, renovation, reconstruction, site improvement, and capital equipping of backstretch housing facilities at Laurel Park (Anne Arundel County)] MARYLAND RACING OPERATIONS FUND. PROVIDE FUNDS FOR THE ACQUISITION, CONSTRUCTION , REHABILITATION , OR OTHER CAPITAL EXP ENDITURES FOR THOROUGHBRED RAC ETRACKS …………………………... 10,000,000 Ch. 111 2023 LAWS OF MARYLAND – 14 – Approved by the Governor, April 24, 2023.