Maryland 2024 Regular Session

Maryland House Bill HB1524 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	WES MOORE, Governor Ch. 410
2	1
3		-	– 1 –
4		-	Chapter 410
5		-	(House Bill 1524)
6	2
7		-	AN ACT concerning
	3	+	EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTING LAW.
	4	+	[Brackets] indicate matter deleted from existing law.
	5	+	Underlining indicates amendments to bill.
	6	+	Strike out indicates matter stricken from the bill by amendment or deleted from the law by
	7	+	amendment.
	8	+	Italics indicate opposite chamber/conference committee amendments.
	9	+	hb1524
8	10
9		-	Horse Racing – Racing Facility Ownership and Construction – Racing
10		-	Operations
	11	+	HOUSE BILL 1524
	12	+	C6, C7, Q7 (4lr3037)
	13	+	ENROLLED BILL
	14	+	— Ways and Means and Appropriations/Budget and Taxation —
	15	+	Introduced by Chair, Ways and Means Committee (By Request – Maryland
	16	+	Thoroughbred Racetrack Operating Authority)
11	17
12		-	FOR the purpose of altering the location, type, and ownership of horse racing facilities that
13		-	the Maryland Stadium Authority is authorized to finance; authorizing the Maryland
14		-	Stadium Authority, subject to certain requirements, to finance the planning, design,
15		-	and construction of certain racing facilities on behalf of the Maryland Thoroughbred
16		-	Racetrack Operating Authority; requiring the owner of a horse racing track to provide
17		-	certain notice to certain local governments; authorizing the State Racing Commission
18		-	to issue a license to hold a race meeting and award racing days to a certain nonprofit
19		-	organization; altering the date by which the owner of the Bowie Race Course
20		-	Training Center must convey the Center to the City of Bowie; authorizing the
21		-	Preakness Stakes to be transferred to another track in the State during the
22		-	reconstruction of Pimlico Race Course; increasing the amount of debt that the
23		-	Maryland Stadium Authority may issue for certain purposes in connection with
24		-	certain racing facilities; altering the requirements of certain agreements required
25		-	before the issuance of certain bonds; altering the membership of the Maryland
26		-	Thoroughbred Racetrack Operating Authority; requiring the Maryland
27		-	Thoroughbred Racetrack Operating Authority to prepare certain f inancial
28		-	statements; requiring the Maryland Thoroughbred Racetrack Operating Authority to
29		-	distribute certain profits in a certain manner; requiring that at least a certain number
30		-	of days before entering into a lease of the Pimlico racing facility site that the Maryland
31		-	Thoroughbred Racetrack Operating Authority submit a copy of the lease to the
32		-	Legislative Policy Committee for review and comment; stating the intent of the
33		-	General Assembly that a certain lottery game is administered in a certain manner;
34		-	altering the amount of money from the State Lottery Fund that the Comptroller is
35		-	required to deposit into the Racing and Community Development Financing Fund;
36		-	requiring the Comptroller to pay a certain supplemental local impact grant from the
37		-	State Lottery Fund; requiring the payment of a certain amount from the Purse
38		-	Dedication Account to the Maryland Thoroughbred Racetrack Operating Authority
39		-	under certain circumstances; altering certain requirements that must be satisfied
40		-	before the Maryland Thoroughbred Racetrack Operating Authority is authorized to
41		-	manage and oversee certain racing activities; altering the distribution and
42		-	authorized uses of the Racetrack Facility Renewal Account; altering a requirement
43		-	that certain unencumbered funds in the Racetrack Facility Renewal Account be
44		-	transferred to the Education Trust Fund; requiring, under certain circumstances,
45		-	that certain funds in the Racetrack Facility Renewal Account be made available for
46		-	certain purposes; exempting a certain horse racing licensee from the requirement to
47		-	pay an application fee for a certain sports wagering facility license; requiring the
48		-	Comptroller to distribute the sales and use tax revenue attributable to the purchase
49		-	of certain racehorses to a certain fund; altering certain income tax subtraction Ch. 410 2024 LAWS OF MARYLAND
	18	+	Read and Examined by Proofreaders:
50	19
51		-	– 2 –
52		-	modifications, sales and use tax exemptions, property tax exemptions, transfer tax
53		-	exemptions, and recordation tax exemptions related to horse racing; requiring the
54		-	Governor to include certain amounts in the State budget for certain purposes;
55		-	amending the Maryland Consolidated Capital Bond Loan of 2022 to alter the
56		-	purposes of a certain grant; extending the termination date of certain provisions of
57		-	law related to the Maryland Thoroughbred Racetrack Operating Authority; and
58		-	generally relating to horse racing in the State.
	20	+	_______________________________________________
	21	+	Proofreader.
	22	+	_______________________________________________
	23	+	Proofreader.
59	24
60		-	BY repealing
61		-	Article – Economic Development
62		-	Section 10–601(cc) and (dd)
63		-	Annotated Code of Maryland
64		-	(2018 Replacement Volume and 2023 Supplement)
	25	+	Sealed with the Great Seal and presented to the Governor, for his approval this
65	26
66		-	BY renumbering
67		-	Article – Economic Development
68		-	Section 10–601(ee) through (iii)
69		-	to be Section 10–601(cc) through (ggg), respectively
70		-	Annotated Code of Maryland
71		-	(2018 Replacement Volume and 2023 Supplement)
	27	+	_______ day of _______________ at ________________________ o’clock, ________M.
72	28
73		-	BY repealing and reenacting, with amendments,
74		-	Article – Business Regulation
75		-	Section 11–317, 11–510(b), 11–519(d)(1)(i), and 11–520(b)
76		-	Annotated Code of Maryland
77		-	(2015 Replacement Volume and 2023 Supplement)
	29	+	______________________________________________
	30	+	Speaker.
78	31
79		-	BY adding to
80		-	Article – Business Regulation
81		-	Section 11–519(d)(6)
82		-	Annotated Code of Maryland
83		-	(2015 Replacement Volume and 2023 Supplement)
	32	+	CHAPTER ______
84	33
85		-	BY repealing and reenacting, without amendments,
86		-	Article – Economic Development
87		-	Section 10–601(a), (b), and (d)
88		-	Annotated Code of Maryland
89		-	(2018 Replacement Volume and 2023 Supplement)
	34	+	AN ACT concerning 1
90	35
91		-	BY repealing and reenacting, with amendments,
92		-	Article – Economic Development
93		-	Section 10–601(s), 10–628(c)(1)(vii), 10–646.1, and 10–1003 10–1003, and
94		-	10–1004(a)
95		-	Annotated Code of Maryland
96		-	(2018 Replacement Volume and 2023 Supplement)
97		-	WES MOORE, Governor Ch. 410
	36	+	Horse Racing – Racing Facility Ownership and Construction – Racing 2
	37	+	Operations 3
98	38
99		-	– 3 –
100		-	BY repealing and reenacting, without amendments,
101		-	Article – Economic Development
102		-	Section 10–601(cc), (kk), (ll), (tt), (uu), and (ww)
103		-	Annotated Code of Maryland
104		-	(2018 Replacement Volume and 2023 Supplement)
105		-	(As enacted by Section 2 of this Act)
	39	+	FOR the purpose of altering the location, type, and ownership of horse racing facilities that 4
	40	+	the Maryland Stadium Authority is authorized to finance; authorizing the Maryland 5
	41	+	Stadium Authority, subject to certain requirements, to finance the planning, design, 6
	42	+	and construction of certain racing facilities on behalf of the Maryland Thoroughbred 7
	43	+	Racetrack Operating Authority; requiring the owner of a horse racing track to provide 8
	44	+	certain notice to certain local governments; authorizing the State Racing Commission 9
	45	+	to issue a license to hold a race meeting and award racing days to a certain nonprofit 10
	46	+	organization; altering the date by which the owner of the Bowie Race Course 11
	47	+	Training Center must convey the Center to the City of Bowie; authorizing the 12
	48	+	Preakness Stakes to be transferred to another track in the State during the 13
	49	+	reconstruction of Pimlico Race Course; increasing the amount of debt that the 14 2 HOUSE BILL 1524
106	50
107		-	BY repealing and reenacting, with amendments,
108		-	Article – Economic Development
109		-	Section 10–601(oo), (vv), and (xx)
110		-	Annotated Code of Maryland
111		-	(2018 Replacement Volume and 2023 Supplement)
112		-	(As enacted by Section 2 of this Act)
113	51
114		-	BY adding to
115		-	Article – Economic Development
116		-	Section 10–601(hhh)
117		-	Annotated Code of Maryland
118		-	(2018 Replacement Volume and 2023 Supplement)
	52	+	Maryland Stadium Authority may issue for certain purposes in connection with 1
	53	+	certain racing facilities; altering the requirements of certain agreements required 2
	54	+	before the issuance of certain bonds; altering the membership of the Maryland 3
	55	+	Thoroughbred Racetrack Operating Authority; requiring the Maryland 4
	56	+	Thoroughbred Racetrack Operating Authority to prepare certain financial 5
	57	+	statements; requiring the Maryland Thoroughbred Racetrack Operating Authority to 6
	58	+	distribute certain profits in a certain manner; requiring that at least a certain number 7
	59	+	of days before entering into a lease of the Pimlico racing facility site that the Maryland 8
	60	+	Thoroughbred Racetrack Operating Authority submit a copy of the lease to the 9
	61	+	Legislative Policy Committee for review and comment; stating the intent of the 10
	62	+	General Assembly that a certain lottery game is administered in a certain manner; 11
	63	+	altering the amount of money from the State Lottery Fund that the Comptroller is 12
	64	+	required to deposit into the Racing and Community Development Financing Fund; 13
	65	+	requiring the Comptroller to pay a certain supplemental local impact grant from the 14
	66	+	State Lottery Fund; requiring the payment of a certain amount from the Purse 15
	67	+	Dedication Account to the Maryland Thoroughbred Racetrack Operating Authority 16
	68	+	under certain circumstances; altering certain requirements that must be satisfied 17
	69	+	before the Maryland Thoroughbred Racetrack Operating Authority is authorized to 18
	70	+	manage and oversee certain racing activities; altering the distribution and 19
	71	+	authorized uses of the Racetrack Facility Renewal Account; altering a requirement 20
	72	+	that certain unencumbered funds in the Racetrack Facility Renewal Account be 21
	73	+	transferred to the Education Trust Fund; requiring, under certain circumstances, 22
	74	+	that certain funds in the Racetrack Facility Renewal Account be made available for 23
	75	+	certain purposes; exempting a certain horse racing licensee from the requirement to 24
	76	+	pay an application fee for a certain sports wagering facility license; requiring the 25
	77	+	Comptroller to distribute the sales and use tax revenue attributable to the purchase 26
	78	+	of certain racehorses to a certain fund; altering certain income tax subtraction 27
	79	+	modifications, sales and use tax exemptions, property tax exemptions, transfer tax 28
	80	+	exemptions, and recordation tax exemptions related to horse racing; requiring the 29
	81	+	Governor to include certain amounts in the State budget for certain purposes; 30
	82	+	amending the Maryland Consolidated Capital Bond Loan of 2022 to alter the 31
	83	+	purposes of a certain grant; extending the termination date of certain provisions of 32
	84	+	law related to the Maryland Thoroughbred Racetrack Operating Authority; and 33
	85	+	generally relating to horse racing in the State. 34
119	86
120		-	BY ~~adding to~~
121		-	Article – ~~State Government~~
122		-	Section 9–~~111~~(f) and ~~9–120~~(~~b)(1)(xiii~~)
123		-	Annotated Code of Maryland
124		-	(~~2021~~ Replacement Volume and 2023 Supplement)
	87	+	BY repealing 35
	88	+	Article – Economic Development 36
	89	+	Section 10–601(cc) and (dd) 37
	90	+	Annotated Code of Maryland 38
	91	+	(2018 Replacement Volume and 2023 Supplement) 39
125	92
126		-	BY ~~repealing and reenacting, with amendments,~~
127		-	Article – ~~State Government~~
128		-	Section 9–~~120~~(b)~~(1)(iv),~~ (~~xii), and (xiii), 9–1A–28(b), 9–1A–29(d~~) ~~and (h) 9–1A–29(d),~~
129		-	(g), ~~and (h), 9–1E–01(d), and 9–1E–06(b) and (d)~~
130		-	Annotated Code of Maryland
131		-	(~~2021~~ Replacement Volume and 2023 Supplement)
	93	+	BY renumbering 40
	94	+	Article – Economic Development 41
	95	+	Section 10–601(ee) through (iii) 42
	96	+	to be Section 10–601(cc) through (ggg), respectively 43
	97	+	Annotated Code of Maryland 44
	98	+	(2018 Replacement Volume and 2023 Supplement) 45 HOUSE BILL 1524 3
132	99
133		-	BY repealing and reenacting, without amendments,
134		-	Article – State Government
135		-	Section 9–1A–28(a), 9–1A–29(a), 9–1A–31(a)(1), (3), and (4), and 9–1E–01(a)
136		-	Annotated Code of Maryland
137		-	(2021 Replacement Volume and 2023 Supplement)
138	100
139		-	BY adding to
140		-	Article – Tax – General
141		-	Section 2–1302.3
142		-	Annotated Code of Maryland
143		-	(2022 Replacement Volume and 2023 Supplement)
144	101
145		-	BY repealing and reenacting, with amendments, Ch. 410 2024 LAWS OF MARYLAND
	102	+	BY repealing and reenacting, with amendments, 1
	103	+	Article – Business Regulation 2
	104	+	Section 11–317, 11–510(b), 11–519(d)(1)(i), and 11–520(b) 3
	105	+	Annotated Code of Maryland 4
	106	+	(2015 Replacement Volume and 2023 Supplement) 5
146	107
147		-	~~– 4 –~~
148		-	Article – ~~Tax – General~~
149		-	Section ~~2–1303, 10–207(ii), 10–307(g), and~~ 11–~~236~~
150		-	Annotated Code of Maryland
151		-	(~~2022~~ Replacement Volume and 2023 Supplement)
	108	+	BY adding to 6
	109	+	Article – Business Regulation 7
	110	+	Section 11–519(d)(6) 8
	111	+	Annotated Code of Maryland 9
	112	+	(2015 Replacement Volume and 2023 Supplement) 10
152	113
153		-	BY repealing and reenacting, without amendments,
154		-	Article – ~~Tax – General~~
155		-	Section 10–~~207~~(a) and ~~10–307~~(a)
156		-	Annotated Code of Maryland
157		-	(~~2022~~ Replacement Volume and 2023 Supplement)
	114	+	BY repealing and reenacting, without amendments, 11
	115	+	Article – Economic Development 12
	116	+	Section 10–601(a), (b), and (d) 13
	117	+	Annotated Code of Maryland 14
	118	+	(2018 Replacement Volume and 2023 Supplement) 15
158	119
159		-	BY repealing and reenacting, with amendments,
160		-	Article – Tax – Property
161		-	Section 7–246, 12–108(hh), 13–207(a)(26), and 13–410
162		-	Annotated Code of Maryland
163		-	(2019 Replacement Volume and 2023 Supplement)
	120	+	BY repealing and reenacting, with amendments, 16
	121	+	Article – Economic Development 17
	122	+	Section 10–601(s), 10–628(c)(1)(vii), 10–646.1, and 10–1003 10–1003, and 18
	123	+	10–1004(a) 19
	124	+	Annotated Code of Maryland 20
	125	+	(2018 Replacement Volume and 2023 Supplement) 21
164	126
165		-	BY repealing and reenacting, with amendments,
166		-	Chapter 590 of the Acts of the General Assembly of 2020
167		-	Section 9
	127	+	BY repealing and reenacting, without amendments, 22
	128	+	Article – Economic Development 23
	129	+	Section 10–601(cc), (kk), (ll), (tt), (uu), and (ww) 24
	130	+	Annotated Code of Maryland 25
	131	+	(2018 Replacement Volume and 2023 Supplement) 26
	132	+	(As enacted by Section 2 of this Act) 27
168	133
169		-	BY adding to
170		-	Chapter 344 of the Acts of the General Assembly of 2022
171		-	Section 1(3) Item ZA00(MO)
	134	+	BY repealing and reenacting, with amendments, 28
	135	+	Article – Economic Development 29
	136	+	Section 10–601(oo), (vv), and (xx) 30
	137	+	Annotated Code of Maryland 31
	138	+	(2018 Replacement Volume and 2023 Supplement) 32
	139	+	(As enacted by Section 2 of this Act) 33
172	140
173		-	BY repealing and reenacting, with amendments,
174		-	Chapter 344 of the Acts of the General Assembly of 2022, as amended by Chapter 111
175		-	of the Acts of the General Assembly of 2023
176		-	Section 1(3) Item SA25(B)
	141	+	BY adding to 34
	142	+	Article – Economic Development 35
	143	+	Section 10–601(hhh) 36
	144	+	Annotated Code of Maryland 37
	145	+	(2018 Replacement Volume and 2023 Supplement) 38
177	146
178		-	BY repealing and reenacting, with amendments,
179		-	Chapter 111 of the Acts of the General Assembly of 2023
180		-	Section 6
	147	+	BY adding to 39 4 HOUSE BILL 1524
181	148
182		-	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND,
183		-	That Section(s) 10–601(cc) and (dd) of Article – Economic Development of the Annotated
184		-	Code of Maryland be repealed.
185	149
186		-	SECTION 2. AND BE IT FURTHER ENACTED, That Section(s) 10 –601(ee) through
187		-	(iii) of Article – Economic Development of the Annotated Code of Maryland be renumbered
188		-	to be Section(s) 10–601(cc) through (ggg), respectively.
	150	+	Article – State Government 1
	151	+	Section 9–111(f) and 9–120(b)(1)(xiii) 2
	152	+	Annotated Code of Maryland 3
	153	+	(2021 Replacement Volume and 2023 Supplement) 4
189	154
190		-	SECTION 3. AND BE IT FURTHER ENACTED, That the Laws of Maryland read
191		-	as follows:
	155	+	BY repealing and reenacting, with amendments, 5
	156	+	Article – State Government 6
	157	+	Section 9–120(b)(1)(iv), (xii), and (xiii), 9–1A–28(b), 9–1A–29(d) and (h) 9–1A–29(d), 7
	158	+	(g), and (h), 9–1E–01(d), and 9–1E–06(b) and (d) 8
	159	+	Annotated Code of Maryland 9
	160	+	(2021 Replacement Volume and 2023 Supplement) 10
192	161
193		-	Article – Business Regulation WES MOORE, Governor Ch. 410
	162	+	BY repealing and reenacting, without amendments, 11
	163	+	Article – State Government 12
	164	+	Section 9–1A–28(a), 9–1A–29(a), 9–1A–31(a)(1), (3), and (4), and 9–1E–01(a) 13
	165	+	Annotated Code of Maryland 14
	166	+	(2021 Replacement Volume and 2023 Supplement) 15
194	167
195		-	– 5 –
	168	+	BY adding to 16
	169	+	Article – Tax – General 17
	170	+	Section 2–1302.3 18
	171	+	Annotated Code of Maryland 19
	172	+	(2022 Replacement Volume and 2023 Supplement) 20
196	173
197		-	11–317.
	174	+	BY repealing and reenacting, with amendments, 21
	175	+	Article – Tax – General 22
	176	+	Section 2–1303, 10–207(ii), 10–307(g), and 11–236 23
	177	+	Annotated Code of Maryland 24
	178	+	(2022 Replacement Volume and 2023 Supplement) 25
198	179
199		-	(A) Before a license or racing days may be transferred to a buyer or a lessee of a
200		-	track:
	180	+	BY repealing and reenacting, without amendments, 26
	181	+	Article – Tax – General 27
	182	+	Section 10–207(a) and 10–307(a) 28
	183	+	Annotated Code of Maryland 29
	184	+	(2022 Replacement Volume and 2023 Supplement) 30
201	185
202		-	(1) the Legislative Policy Committee shall have been notified at least 15
203		-	days before the transfer;
	186	+	BY repealing and reenacting, with amendments, 31
	187	+	Article – Tax – Property 32
	188	+	Section 7–246, 12–108(hh), 13–207(a)(26), and 13–410 33
	189	+	Annotated Code of Maryland 34
	190	+	(2019 Replacement Volume and 2023 Supplement) 35
204	191
205		-	(2) the Legislative Policy Committee, if it has chosen to do so, shall have
206		-	provided comment to the Commission about the transfer; and
	192	+	BY repealing and reenacting, with amendments, 36
	193	+	Chapter 590 of the Acts of the General Assembly of 2020 37
	194	+	Section 9 38
207	195
208		-	~~(3) the transfer shall have been approved~~ by ~~the Commission.~~
	196	+	BY adding to 39 HOUSE BILL 1524 5
209	197
210		-	(B) AT LEAST 30 DAYS BEFORE THE OWNE R OF A TRACK ENTERS INTO A
211		-	CONTRACT TO SELL TH E TRACK, THE OWNER SHALL PROV IDE CONFIDENTIAL NOT ICE
212		-	OF THE CONTRACT TO T HE GOVERNING BODY OF THE JURISDICTION WHE RE THE
213		-	TRACK IS LOCATED .
214	198
215		-	11–510.
	199	+	Chapter 344 of the Acts of the General Assembly of 2022 1
	200	+	Section 1(3) Item ZA00(MO) 2
216	201
217		-	(b) The Commission may issue a license and award racing days only to:
	202	+	BY repealing and reenacting, with amendments, 3
	203	+	Chapter 344 of the Acts of the General Assembly of 2022, as amended by Chapter 111 4
	204	+	of the Acts of the General Assembly of 2023 5
	205	+	Section 1(3) Item SA25(B) 6
218	206
219		-	(1) the Maryland Jockey Club of Baltimore City, Inc.;
	207	+	BY repealing and reenacting, with amendments, 7
	208	+	Chapter 111 of the Acts of the General Assembly of 2023 8
	209	+	Section 6 9
220	210
221		-	(2) the Laurel Racing Assoc., Inc.; and
	211	+	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 10
	212	+	That Section(s) 10–601(cc) and (dd) of Article – Economic Development of the Annotated 11
	213	+	Code of Maryland be repealed. 12
222	214
223		-	(3) subject to § 10–1003(b) of the Economic Development Article[,]:
	215	+	SECTION 2. AND BE IT FURTHER ENACTED, That Section(s) 10 –601(ee) through 13
	216	+	(iii) of Article – Economic Development of the Annotated Code of Maryland be renumbered 14
	217	+	to be Section(s) 10–601(cc) through (ggg), respectively. 15
224	218
225		-	(I) the Maryland Thoroughbred Racetrack Operating Authority; OR
	219	+	SECTION 3. AND BE IT FURTHER E NACTED, That the Laws of Maryland read 16
	220	+	as follows: 17
226	221
227		-	(II) A NONPROFIT ORGANIZA TION THAT LEASES OR SUBLEASES
228		-	A RACING FACILITY OWNED BY FROM THE MARYLAND THOROUGHBRED
229		-	RACETRACK OPERATING AUTHORITY.
	222	+	Article – Business Regulation 18
230	223
231		-	11–~~519~~.
	224	+	11–317. 19
232	225
233		-	(d) (1) (i) On or before December 31, [2024] 2025, the owner of the Bowie
234		-	Race Course Training Center shall convey the Bowie Race Course Training Center property
235		-	to the City of Bowie “as is”, with all defects that may exist, whether known or unknown,
236		-	and without any express or implied warranty, guarantee by, or recourse against the
237		-	conveyor of the property.
	226	+	(A) Before a license or racing days may be transferred to a buyer or a lessee of a 20
	227	+	track: 21
238	228
239		-	(6) ~~FOR FISCAL 2026,~~ THE ~~GOVERNOR~~ SHALL ~~INCLUD E IN THE~~
240		-	~~ANNUAL OPERATING OR CAPITAL BUDGET BILL AN APPROPRIATION OF $6,200,000 Ch. 410 2024 LAWS OF MARYLAND~~
	229	+	(1) the Legislative Policy Committee shall have been notified at least 15 22
	230	+	days before the transfer; 23
241	231
242		-	– 6 –
243		-	TO THE COUNTY EXECUTIVE AND COUNTY COUNCIL OF PRINCE GEORGE’S COUNTY
244		-	FOR SITE DEVELOPMENT , DEMOLITION, AND GRADING ON AND A ROUND THE BOWIE
245		-	RACE COURSE TRAINING CENTER PROPERTY AND ROSECROFT RACEWAY.
	232	+	(2) the Legislative Policy Committee, if it has chosen to do so, shall have 24
	233	+	provided comment to the Commission about the transfer; and 25
246	234
247		-	~~11–520~~.
	235	+	(3) the transfer shall have been approved by the Commission. 26
248	236
249		-	(b) The Preakness Stakes may be transferred to another track in the State only:
	237	+	(B) AT LEAST 30 DAYS BEFORE THE OWNER OF A TRACK ENTERS INTO A 27
	238	+	CONTRACT TO SELL THE TRACK, THE OWNER SHALL PROV IDE CONFIDENTIAL NOT ICE 28
	239	+	OF THE CONTRACT TO T HE GOVERNING BODY OF THE JURISDICTION WHE RE THE 29
	240	+	TRACK IS LOCATED . 30
250	241
251		-	~~(1) as a result of a disaster or emergency; OR~~
	242	+	11–510. 31
252	243
253		-	(2) DURING THE RECONSTRU CTION OF PIMLICO RACE COURSE,
254		-	SUBJECT TO THE APPRO VAL OF THE MARYLAND THOROUGHBRED RACETRACK
255		-	OPERATING AUTHORITY.
	244	+	(b) The Commission may issue a license and award racing days only to: 32 6 HOUSE BILL 1524
256	245
257		-	Article – Economic Development
258	246
259		-	10–601.
260	247
261		-	(a) ~~In this subtitle~~ the ~~following words have the meanings indicated~~.
	248	+	(1) the Maryland Jockey Club of Baltimore City, Inc.; 1
262	249
263		-	(b) ~~“Authority” means~~ the ~~Maryland Stadium Authority~~.
	250	+	(2) the Laurel Racing Assoc., Inc.; and 2
264	251
265		-	(d) ~~“Baltimore City”~~ ~~means, as~~ the ~~context requires~~:
	252	+	(3) subject to § 10–1003(b) of the Economic Development Article[,]: 3
266	253
267		-	(1) the ~~geographic area of the City of Baltimore~~; or
	254	+	(I) the Maryland Thoroughbred Racetrack Operating Authority; OR 4
268	255
269		-	(2) the Mayor and City Council of Baltimore.
	256	+	(II) A NONPROFIT ORGANIZA TION THAT LEASES OR SUBLEASES 5
	257	+	A RACING FACILITY OWNED BY FROM THE MARYLAND THOROUGHBRED 6
	258	+	RACETRACK OPERATING AUTHORITY. 7
270	259
271		-	~~(s) “Facility” means:~~
	260	+	11–519. 8
272	261
273		-	(1) a structure or other improvement developed at Camden Yards;
	262	+	(d) (1) (i) On or before December 31, [2024] 2025, the owner of the Bowie 9
	263	+	Race Course Training Center shall convey the Bowie Race Course Training Center property 10
	264	+	to the City of Bowie “as is”, with all defects that may exist, whether known or unknown, 11
	265	+	and without any express or implied warranty, guarantee by, or recourse against the 12
	266	+	conveyor of the property. 13
274	267
275		-	(2) a convention facility;
	268	+	(6) FOR FISCAL 2026, THE GOVERNOR SHALL INCLUD E IN THE 14
	269	+	ANNUAL OPERATING OR CAPITAL BUDGET BILL AN APPROPRIATION OF $6,200,000 15
	270	+	TO THE COUNTY EXECUTIVE AND COUNTY COUNCIL OF PRINCE GEORGE’S COUNTY 16
	271	+	FOR SITE DEVELOPMENT , DEMOLITION, AND GRADING ON AND AROUN D THE BOWIE 17
	272	+	RACE COURSE TRAINING CENTER PROPERTY AND ROSECROFT RACEWAY. 18
276	273
277		-	~~(3) the Hippodrome Performing Arts facility;~~
	274	+	11–520. 19
278	275
279		-	(4) ~~a sports facility;~~
	276	+	(b) The Preakness Stakes may be transferred to another track in the State only: 20
280	277
281		-	(5) a ~~Baltimore City public school facility~~;
	278	+	(1) as a result of a disaster or emergency; OR 21
282	279
283		-	(6) a racing facility;
	280	+	(2) DURING THE RECO NSTRUCTION OF PIMLICO RACE COURSE, 22
	281	+	SUBJECT TO THE APPRO VAL OF THE MARYLAND THOROUGHBRED RACETRACK 23
	282	+	OPERATING AUTHORITY. 24
284	283
285		-	~~(7) A TRAINING FACILITY FOR THOROUGHBRED HOR SES;~~
	284	+	Article – Economic Development 25
286	285
287		-	~~[(7)] (8) a public school facility; WES MOORE, Governor Ch~~. ~~410~~
	286	+	10–601. 26
288	287
289		-	~~– 7 –~~
	288	+	(a) In this subtitle the following words have the meanings indicated. 27
290	289
291		-	[(8)] (9) the Hagerstown Multi–Use Sports and Events Facility;
	290	+	(b) “Authority” means the Maryland Stadium Authority. 28
	291	+	HOUSE BILL 1524 7
292	292
293		-	[(9)] (10) a sports entertainment facility; or
294	293
295		-	~~[(10)]~~ (11) ~~a Prince George’s County Blue Line Corridor facility.~~
	294	+	(d) “Baltimore City” means, as the context requires: 1
296	295
297		-	(cc) (1) “MJC Entities” means the Maryland Jockey Club of Baltimore City,
298		-	Inc., Laurel Racing Association Limited Partnership, Laurel Racing Association, Inc., and
299		-	TSG Developments Investments, Inc.
	296	+	(1) the geographic area of the City of Baltimore; or 2
300	297
301		-	(2) “MJC Entities” includes an affiliate, an assignee, a designee, a
302		-	successor, or a transferee of an MJC Entity.
	298	+	(2) the Mayor and City Council of Baltimore. 3
303	299
304		-	(kk) (1) “Pimlico racing facility site” means the portion of the Pimlico site
305		-	containing the racing facilities.
	300	+	(s) “Facility” means: 4
306	301
307		-	(2) “Pimlico racing facility site” includes the portion of the site designated
308		-	to contain:
	302	+	(1) a structure or other improvement developed at Camden Yards; 5
309	303
310		-	(i) ~~the clubhouse and events center~~;
	304	+	(2) a convention facility; 6
311	305
312		-	(ii) the ~~dirt, turf,~~ ~~or synthetic racetracks~~;
	306	+	(3) the Hippodrome Performing Arts facility; 7
313	307
314		-	(iii) the infield and immediately adjacent area surrounding the
315		-	perimeter of the racetracks that is contained on the site;
	308	+	(4) a sports facility; 8
316	309
317		-	(iv) ~~the stables,~~ ~~barns, and training facilities~~;
	310	+	(5) a Baltimore City public school facility; 9
318	311
319		-	(v) ~~the trackside aprons~~; ~~and~~
	312	+	(6) a racing facility; 10
320	313
321		-	(vi) associated roadways, walkways, parking areas, green space,
322		-	fencing, and related structures and areas as designated in the plans approved by the
323		-	Authority.
	314	+	(7) A TRAINING FACILITY FOR THOROUGHBRED HOR SES; 11
324	315
325		-	(ll) “Pimlico site” means the site in Baltimore City generally bounded by Northern
326		-	Parkway, Park Heights Avenue, Belvedere Avenue, and Pimlico Road.
	316	+	[(7)] (8) a public school facility; 12
327	317
328		-	(oo) “Project entities” means each entity or entities or a joint venture entity or
329		-	entities, that exists or is formed by any combination of MJC Entities, an entity owned by
330		-	the City of Baltimore (the Baltimore City Entity), or [an entity owned by Anne Arundel
331		-	County (the Anne Arundel County Entity) ] THE MARYLAND THOROUGHBRED
332		-	RACETRACK OPERATING AUTHORITY for:
	318	+	[(8)] (9) the Hagerstown Multi–Use Sports and Events Facility; 13
333	319
334		-	(1) the MJC Entities’ conveyance of the Pimlico site [and the Laurel Park
335		-	racing facility site]; Ch. 410 2024 LAWS OF MARYLAND
	320	+	[(9)] (10) a sports entertainment facility; or 14
336	321
337		-	~~– 8 –~~
	322	+	[(10)] (11) a Prince George’s County Blue Line Corridor facility. 15
338	323
339		-	(2) the operation of the Pimlico racing facility site and [the Laurel Park
340		-	racing] TRAINING facility site; and
	324	+	(cc) (1) “MJC Entities” means the Maryland Jockey Club of Baltimore City, 16
	325	+	Inc., Laurel Racing Association Limited Partnership, Laurel Racing Association, Inc., and 17
	326	+	TSG Developments Investments, Inc. 18
341	327
342		-	(3) ~~the construction~~, ~~development~~, ~~ownership~~, ~~management, and operation~~
343		-	of ~~the racing and community development projects~~.
	328	+	(2) “MJC Entities” includes an affiliate, an assignee, a designee, a 19
	329	+	successor, or a transferee of an MJC Entity. 20
344	330
345		-	(tt) “Racing ~~and Community Development Facilities Fund~~” means the ~~Fund~~
346		-	~~established under § 10–657.3 of this subtitle~~.
	331	+	(kk) (1) “Pimlico racing facility site” means the portion of the Pimlico site 21
	332	+	containing the racing facilities. 22
347	333
348		-	(uu) “Racing ~~and Community Development Financing Fund~~” ~~means~~ the ~~Fund~~
349		-	~~established under § 10–657.2 of this subtitle.~~
	334	+	(2) “Pimlico racing facility site” includes the portion of the site designated 23
	335	+	to contain: 24
350	336
351		-	(vv) (1) “Racing and community development projects” means improvements to
352		-	the Pimlico racing facility site, Pimlico site, [Laurel Park racing facility site, and Laurel
353		-	Park site] AND TRAINING FACILIT Y SITE.
	337	+	(i) the clubhouse and events center; 25
354	338
355		-	(2) ~~“Racing and community development projects”~~ ~~includes:~~
	339	+	(ii) the dirt, turf, or synthetic racetracks; 26 8 HOUSE BILL 1524
356	340
357		-	(i) predesign and design work;
358	341
359		-	(ii) architectural and engineering services;
360	342
361		-	(iii) project consulting services;
	343	+	(iii) the infield and immediately adjacent area surrounding the 1
	344	+	perimeter of the racetracks that is contained on the site; 2
362	345
363		-	(iv) ~~demolition~~, ~~clean–up, site work~~, and ~~grading and site drainage~~;
	346	+	(iv) the stables, barns, and training facilities; 3
364	347
365		-	(v) ~~landscaping~~;
	348	+	(v) the trackside aprons; and 4
366	349
367		-	(vi) signage;
	350	+	(vi) associated roadways, walkways, parking areas, green space, 5
	351	+	fencing, and related structures and areas as designated in the plans approved by the 6
	352	+	Authority. 7
368	353
369		-	(~~vii~~) ~~parking, roadways,~~ ~~fencing, walkways,~~ ~~sidewalks, and green~~
370		-	~~space;~~
	354	+	(ll) “Pimlico site” means the site in Baltimore City generally bounded by Northern 8
	355	+	Parkway, Park Heights Avenue, Belvedere Avenue, and Pimlico Road. 9
371	356
372		-	(viii) security systems;
	357	+	(oo) “Project entities” means each entity or entities or a joint venture entity or 10
	358	+	entities, that exists or is formed by any combination of MJC Entities, an entity owned by 11
	359	+	the City of Baltimore (the Baltimore City Entity), or [an entity owned by Anne Arundel 12
	360	+	County (the Anne Arundel County Entity) ] THE MARYLAND THOROUGHBRED 13
	361	+	RACETRACK OPERATING AUTHORITY for: 14
373	362
374		-	(ix) lighting, sound, video, and communication systems;
	363	+	(1) the MJC Entities’ conveyance of the Pimlico site [and the Laurel Park 15
	364	+	racing facility site]; 16
375	365
376		-	(x) pari–mutuel and tote systems;
	366	+	(2) the operation of the Pimlico racing facility site and [the Laurel Park 17
	367	+	racing] TRAINING facility site; and 18
377	368
378		-	(xi) ~~plumbing~~, ~~electric~~, ~~fiber~~, ~~cable, utilities~~, and ~~other~~
379		-	~~infrastructure;~~
	369	+	(3) the construction, development, ownership, management, and operation 19
	370	+	of the racing and community development projects. 20
380	371
381		-	(~~xii~~) ~~water, sewer,~~ and ~~storm water management systems;~~
382		-	~~WES MOORE,~~ ~~Governor Ch~~. ~~410~~
	372	+	(tt) “Racing and Community Development Facilities Fund” means the Fund 21
	373	+	established under § 10–657.3 of this subtitle. 22
383	374
384		-	– 9 –
385		-	(xiii) construction and equipping of barns, clubhouses, dormitories or
386		-	other housing, an equine diagnostic and health facility, a Pimlico thoroughbred racing
387		-	museum, stables, tracks, training facilities, and other racing and community facilities;
	375	+	(uu) “Racing and Community Development Financing Fund” means the Fund 23
	376	+	established under § 10–657.2 of this subtitle. 24
388	377
389		-	(xiv) design and project contingencies, project allowances, and cost
390		-	escalators and other specifications for the projects; and
	378	+	(vv) (1) “Racing and community development projects” means improvements to 25
	379	+	the Pimlico racing facility site, Pimlico site, [Laurel Park racing facility site, and Laurel 26
	380	+	Park site] AND TRAINING FACILIT Y SITE. 27
391	381
392		-	(xv) temporary or permanent improvements and facilities, including
393		-	at on– or off–site locations, used to maintain year–round racing and training.
	382	+	(2) “Racing and community development projects” includes: 28
394	383
395		-	(ww) (1) “Racing and community development project costs” means costs and
396		-	expenses associated with or that relate to the racing and community development projects.
	384	+	(i) predesign and design work; 29
397	385
398		-	(2) “Racing and community development project costs” includes transition
399		-	costs and reimbursements and the recycling of project cost savings for the benefit of the
400		-	racing and community development projects.
	386	+	(ii) architectural and engineering services; 30
	387	+	HOUSE BILL 1524 9
401	388
402		-	(xx) “Racing facility” means the Pimlico site and the [Laurel Park racing facility
403		-	site] TRAINING FACILITY SI TE and any facilities or other improvements on the Pimlico
404		-	site or the [Laurel Park racing facility site] TRAINING FACILITY SI TE.
405	389
406		-	(HHH) “TRAINING FACILITY SIT E” MEANS A SITE FOR TRAINING
407		-	FACILITY FOR THOROUGHBRED RACEHOR SES SELECTED OR ACQUIRED BY THE
408		-	MARYLAND THOROUGHBRED RACETRACK OPERATING AUTHORITY.
	390	+	(iii) project consulting services; 1
409	391
410		-	10–~~628.~~
	392	+	(iv) demolition, clean–up, site work, and grading and site drainage; 2
411	393
412		-	(c) (1) Unless authorized by the General Assembly, the Board of Public Works
413		-	may not approve an issuance by the Authority of bonds, whether taxable or tax exempt,
414		-	that constitute tax supported debt or nontax supported debt if, after issuance, there would
415		-	be outstanding and unpaid more than the following face amounts of the bonds for the
416		-	purpose of financing acquisition, construction, renovation, and related expenses for
417		-	construction management, professional fees, and contingencies in connection with:
	394	+	(v) landscaping; 3
418	395
419		-	(~~vii~~) ~~racing facilities – [$375,000,000] $400,000,000~~;
	396	+	(vi) signage; 4
420	397
421		-	10–646.1.
	398	+	(vii) parking, roadways, fencing, walkways, sidewalks, and green 5
	399	+	space; 6
422	400
423		-	(a) Except as allowed by § 10–639 of this subtitle, to finance the planning, design,
424		-	and construction of any segment of a racing facility ON BEHALF OF THE MARYLAND
425		-	THOROUGHBRED RACETRACK OPERATING AUTHORITY, the Authority shall comply
426		-	with this section.
	401	+	(viii) security systems; 7
427	402
428		-	(b) At least 45 days before seeking approval of the Board of Public Works for each
429		-	bond issue or other borrowing, the Authority shall provide, in accordance with § 2–1257 of
430		-	the State Government Article, to the fiscal committees of the General Assembly[: Ch. 410 2024 LAWS OF MARYLAND
	403	+	(ix) lighting, sound, video, and communication systems; 8
431	404
432		-	– ~~10 –~~
	405	+	(x) pari–mutuel and tote systems; 9
433	406
434		-	(1)~~] a comprehensive financing plan for the relevant racing facility that~~
435		-	~~includes:~~
	407	+	(xi) plumbing, electric, fiber, cable, u tilities, and other 10
	408	+	infrastructure; 11
436	409
437		-	[(i)] (1) the aggregate amount of funds needed for the racing
438		-	facility to be financed with the proposed bonds;
	410	+	(xii) water, sewer, and storm water management systems; 12
439	411
440		-	[(ii)] (2) a description of the racing facility to be constructed or
441		-	renovated;
	412	+	(xiii) construction and equipping of barns, clubhouses, dormitories or 13
	413	+	other housing, an equine diagnostic and health facility, a Pimlico thoroughbred racing 14
	414	+	museum, stables, tracks, training facilities, and other racing and community facilities; 15
442	415
443		-	~~[(iii)]~~ (3) ~~the anticipated total debt service for the proposed bond~~
444		-	~~issue~~;
	416	+	(xiv) design and project contingencies, project allowances, and cost 16
	417	+	escalators and other specifications for the projects; and 17
445	418
446		-	~~[(iv)]~~ (4) ~~the anticipated total debt service when combined with the~~
447		-	~~debt service for all prior outstanding bond issues for~~ racing ~~facilities; [and]~~
	419	+	(xv) temporary or permanent improvements and facilities, including 18
	420	+	at on– or off–site locations, used to maintain year–round racing and training. 19
448	421
449		-	[(v)] (5) anticipated project costs, AS DETERMINED BY THE
450		-	MARYLAND THOROUGHBRED RACETRACK OPERATING AUTHORITY, of at least
451		-	[$180,000,000] $250,000,000 for the Pimlico racing facility [or $155,000,000 for the
452		-	Laurel Park racing facility] AND $110,000,000 FOR THE TRAINING FAC ILITY SITE; and
	422	+	(ww) (1) “Racing and community development project costs” means costs and 20
	423	+	expenses associated with or that relate to the racing and community development projects. 21
453	424
454		-	(6) A JOINT PLAN BETWEEN THE MARYLAND THOROUGHBRED
455		-	RACETRACK OPERATING AUTHORITY AND THE DEPARTMENT OF HOUSING AND
456		-	COMMUNITY DEVELOPMENT THAT INCL UDES THE FOLLOWING INVEST MENTS
457		-	INVESTMENT IN WORKFO RCE HOUSING IN AND AROUND THE PIMLICO RACING
458		-	FACILITY SITE:
	425	+	(2) “Racing and community development project costs” includes transition 22
	426	+	costs and reimbursements and the recycling of project cost savings for the benefit of the 23
	427	+	racing and community development projects. 24
459	428
460		-	(I) RACETRACK WORKFORCE HOUSING;
	429	+	(xx) “Racing facility” means the Pimlico site and the [Laurel Park racing facility 25
	430	+	site] TRAINING FACILITY SI TE and any facilities or other improvements on the Pimlico 26
	431	+	site or the [Laurel Park racing facility site] TRAINING FACILITY SI TE. 27
461	432
462		-	(II) COMMUNITY COMMERCIAL REVITALIZATION ;
	433	+	(HHH) “TRAINING FACI LITY SITE” MEANS A SITE FOR TRAINING 28
	434	+	FACILITY FOR THOROUGHBRED RACEHOR SES SELECTED OR ACQUIRED BY THE 29
	435	+	MARYLAND THOROUGHBRED RACETRACK OPERATING AUTHORITY. 30 10 HOUSE BILL 1524
463	436
464		-	(III) COMMUNITY SAFETY ;
465	437
466		-	(IV) COMMUNITY WORKFORCE DEVELOPMENT AND JOB
467		-	TRAINING;
468	438
469		-	~~(V) AFFORDABLE HOUSING ;~~
	439	+	10–628. 1
470	440
471		-	(VI) HOMEOWNERSHIP AND HO ME PRESERVATION ;
	441	+	(c) (1) Unless authorized by the General Assembly, the Board of Public Works 2
	442	+	may not approve an issuance by the Authority of bonds, whether taxable or tax exempt, 3
	443	+	that constitute tax supported debt or nontax supported debt if, after issuance, there would 4
	444	+	be outstanding and unpaid more than the following face amounts of the bonds for the 5
	445	+	purpose of financing acquisition, construction, renovation, and related expenses for 6
	446	+	construction management, professional fees, and contingencies in connection with: 7
472	447
473		-	(VII) REDEVELOPMENT OF VAC ANT AND BLIGHTED HOU SING;
474		-	AND
	448	+	(vii) racing facilities – [$375,000,000] $400,000,000; 8
475	449
476		-	~~(VIII) COMMUNITY BEAUTIFICA TION~~. ~~WES MOORE, Governor Ch. 410~~
	450	+	10–646.1. 9
477	451
478		-	– 11 –
	452	+	(a) Except as allowed by § 10–639 of this subtitle, to finance the planning, design, 10
	453	+	and construction of any segment of a racing facility ON BEHALF OF THE MARYLAND 11
	454	+	THOROUGHBRED RACETRACK OPERATING AUTHORITY, the Authority shall comply 12
	455	+	with this section. 13
479	456
480		-	[(2) for any planned expenditures at the Laurel Park racing facility site, a
481		-	plan for the improvements necessary to ensure that the condition of any part of the site
482		-	where individuals reside is satisfactory for human habitation and meets the minimum
483		-	housing and sanitation standards in Anne Arundel County.]
	457	+	(b) At least 45 days before seeking approval of the Board of Public Works for each 14
	458	+	bond issue or other borrowing, the Authority shall provide, in accordance with § 2–1257 of 15
	459	+	the State Government Article, to the fiscal committees of the General Assembly[: 16
484	460
485		-	~~(c)~~ (1) A ~~bond issued to finance planning,~~ ~~design, and construction or~~
486		-	~~renovations of or improvements to a racing facility~~:
	461	+	(1)] a comprehensive financing plan for the relevant racing facility that 17
	462	+	includes: 18
487	463
488		-	(i) is a limited obligation of the Authority payable solely from money
489		-	pledged by the Authority to the payment of the principal of and the premium and interest
490		-	on the bond or money made available to the Authority for that purpose;
	464	+	[(i)] (1) the aggregate amount of funds needed for the racing 19
	465	+	facility to be financed with the proposed bonds; 20
491	466
492		-	(ii) ~~is not~~ a ~~debt, liability, or a pledge~~ of the ~~faith and credit~~ or ~~the~~
493		-	~~taxing power of the State, the Authority, or any other governmental unit~~; ~~and~~
	467	+	[(ii)] (2) a description of the racing facility to be constructed or 21
	468	+	renovated; 22
494	469
495		-	(iii) ~~may not give rise to any pecuniary liability of~~ the ~~State,~~ the
496		-	~~Authority, or any other governmental unit.~~
	470	+	[(iii)] (3) the anticipated total debt service for the proposed bond 23
	471	+	issue; 24
497	472
498		-	(2) The issuance of a bond to finance the planning, design, and construction
499		-	or renovations of or improvements to a racing facility is not directly, indirectly, or
500		-	contingently a moral or other obligation of the State, the Authority, or any other
501		-	governmental unit to levy or pledge any tax or make any appropriation to pay the bond.
	473	+	[(iv)] (4) the anticipated total debt service when combined with the 25
	474	+	debt service for all prior outstanding bond issues for racing facilities; [and] 26
502	475
503		-	(3) Each bond shall state on its face the provisions of paragraphs (1) and
504		-	(2) of this subsection.
	476	+	[(v)] (5) anticipated project costs, AS DETERMINED BY THE 27
	477	+	MARYLAND THOROUGHBRED RACETRACK OPERATING AUTHORITY, of at least 28
	478	+	[$180,000,000] $250,000,000 for the Pimlico racing facility [or $155,000,000 for the 29
	479	+	Laurel Park racing facility] AND $110,000,000 FOR THE TRAINING FACILITY SI TE; and 30
505	480
506		-	(d) (1) In this subsection, “long–term agreement” includes a lease, operating,
507		-	joint venture, or management agreement with a minimum term that coincides with or
508		-	exceeds the initial term of the bonds issued for a racing facility.
	481	+	(6) A JOINT PLAN BETWEEN THE MARYLAND THOROUGHBRED 31
	482	+	RACETRACK OPERATING AUTHORITY AND THE DEPARTMENT OF HOUSING AND 32 HOUSE BILL 1524 11
509	483
510		-	(2) Before issuing any bonds for any segment of a racing facility, the
511		-	Authority shall ensure that the following agreements have been executed:
512	484
513		-	(i) subject to paragraph (3) of this subsection, a long–term
514		-	agreement regarding management and operations at the Pimlico racing facility site; AND
	485	+	COMMUNITY DEVELOPMENT THAT INCL UDES THE FOLLOWING INVEST MENTS 1
	486	+	INVESTMENT IN WORKFO RCE HOUSING IN AND AROUND THE PIMLICO RACING 2
	487	+	FACILITY SITE: 3
515	488
516		-	(ii) [subject to paragraph (4) of this subsection, a long–term
517		-	agreement regarding management and operations at the Laurel Park racing facility site;
518		-	and
	489	+	(I) RACETRACK WORKFORCE HOUSING; 4
519	490
520		-	(iii)] agreements between the Authority and project entities for the
521		-	planning, design, and construction of a racing facility.
	491	+	(II) COMMUNITY COMMERCIAL REVITALIZATION ; 5
522	492
523		-	(3) (i) Subject to subparagraph (ii) of this paragraph, the long–term
524		-	agreement required under paragraph (2)(i) of this subsection shall: Ch. 410 2024 LAWS OF MARYLAND
	493	+	(III) COMMUNITY SAFETY ; 6
525	494
526		-	– 12 –
	495	+	(IV) COMMUNITY WORKFORCE DEVELOPMENT AND JOB 7
	496	+	TRAINING; 8
527	497
528		-	1. ensure the continuity of the Preakness Stakes at the
529		-	Pimlico racing facility site;
	498	+	(V) AFFORDABLE HOUSING ; 9
530	499
531		-	2. [ensure the MJC Entities’ s ole, exclusive, and
532		-	unconditional rights to:
	500	+	(VI) HOMEOWNERSHIP AND HO ME PRESERVATION ; 10
533	501
534		-	~~A. manage~~ and ~~operate the Pimlico racing facility site subject~~
535		-	~~to the exclusions~~ and ~~conditions in the long–term agreement;~~
	502	+	(VII) REDEVELOPMENT OF VAC ANT AND BLIGHTED HOU SING; 11
	503	+	AND 12
536	504
537		-	B. conduct at the Pimlico racing facility site thoroughbred
538		-	training and racing, satellite simulcast wagering, advanced deposit wagering, and any
539		-	other lawful activities;
	505	+	(VIII) COMMUNITY BEAUTIFICA TION. 13
540	506
541		-	C. designate annually exclusive use periods for the conduct
542		-	of live thoroughbred training and racing;
	507	+	[(2) for any planned expenditures at the Laurel Park racing facility site, a 14
	508	+	plan for the improvements necessary to ensure that the condition of any part of the site 15
	509	+	where individuals reside is satisfactory for human habitation and meets the minimum 16
	510	+	housing and sanitation standards in Anne Arundel County.] 17
543	511
544		-	D. maintain the track surfaces;
	512	+	(c) (1) A bond issued to finance planning, design, and construction or 18
	513	+	renovations of or improvements to a racing facility: 19
545	514
546		-	E. operate satellite simulcast wagering, advanced deposit
547		-	wagering, and any other lawful activities; and
	515	+	(i) is a limited obligation of the Authority payable solely from money 20
	516	+	pledged by the Authority to the payment of the principal of and the premium and interest 21
	517	+	on the bond or money made available to the Authority for that purpose; 22
548	518
549		-	F. an option to reacquire the Pimlico racing facility site at the
550		-	termination or expiration of the long–term agreement on mutually agreeable terms and
551		-	conditions, subject to the approval of the Board of Public Works;
	519	+	(ii) is not a debt, liability, or a pledge of the faith and credit or the 23
	520	+	taxing power of the State, the Authority, or any other governmental unit; and 24
552	521
553		-	3.] require BE CONTINGENT ON the conveyance or
554		-	conveyances in fee simple of the Pimlico site, in whole or in part, to THE MARYLAND
555		-	THOROUGHBRED RACETRACK OPERATING AUTHORITY, Baltimore City, the
556		-	Baltimore Development Corporation or its successor or assigns, or any designated project
557		-	entity, at the time and on the conditions established in the long–term agreement and
558		-	subject to the Authority securing all the necessary development approvals and funding for
559		-	the racing and community development project costs; AND
	522	+	(iii) may not give rise to any pecuniary liability of the State, the 25
	523	+	Authority, or any other governmental unit. 26
560	524
561		-	[4. establish the MJC Entities’ rights to:
	525	+	(2) The issuance of a bond to finance the planning, design, and construction 27
	526	+	or renovations of or improvements to a racing facility is not directly, indirectly, or 28
	527	+	contingently a moral or other obligation of the State, the Authority, or any other 29
	528	+	governmental unit to levy or pledge any tax or make any appropriation to pay the bond. 30
	529	+	12 HOUSE BILL 1524
562	530
563		-	A. designate annually exclusive use periods for the conduct
564		-	of live thoroughbred training and racing;
565	531
566		-	B. maintain the track surfaces; and
	532	+	(3) Each bond shall state on its face the provisions of paragraphs (1) and 1
	533	+	(2) of this subsection. 2
567	534
568		-	C. operate satellite simulcast wagering, advanced deposit
569		-	wagering, and any other lawful activities;
	535	+	(d) (1) In this subsection, “long–term agreement” includes a lease, operating, 3
	536	+	joint venture, or management agreement with a minimum term that coincides with or 4
	537	+	exceeds the initial term of the bonds issued for a racing facility. 5
570	538
571		-	~~5. preserve~~ the ~~MJC Entities’ tangible, intangible,~~
572		-	~~management, performance,~~ ~~distribution, intellectual property,~~ ~~advertising, concession,~~ ~~WES MOORE, Governor Ch. 410~~
	539	+	(2) Before issuing any bonds for any segment of a racing facility, the 6
	540	+	Authority shall ensure that the following agreements have been executed: 7
573	541
574		-	– 13 –
575		-	merchandising, sponsorship, media, streaming, naming, licensing, and commercial
576		-	development rights, and any other rights identified by the MJC Entities;
	542	+	(i) subject to paragraph (3) of this subsection, a long–term 8
	543	+	agreement regarding management and operations at the Pimlico racing facility site; AND 9
577	544
578		-	6. subject to ~~the operating agreements~~ of ~~the project entities~~,
579		-	~~preserve~~ the ~~MJC Entities’~~ ~~right to retain or designate revenues and profits associated with~~
580		-	~~the MJC Entities’ rights~~ and ~~lawful activities; and~~
	545	+	(ii) [subject to paragraph (4) of this subsection, a long–term 10
	546	+	agreement regarding management and operations at the Laurel Park racing facility site; 11
	547	+	and 12
581	548
582		-	~~7.] 3. [subject to subparagraph~~ (iii) ~~of this paragraph,~~]
583		-	~~establish:~~
	549	+	(iii)] agreements between the Authority and project entities for the 13
	550	+	planning, design, and construction of a racing facility. 14
584	551
585		-	A. the right of the Authority or an entity designated by the
586		-	Authority to manage and operate the Pimlico Clubhouse and Events Facility, grounds, and
587		-	any facility [not designated for the MJC Entities’ year–round use];
	552	+	(3) (i) Subject to subparagraph (ii) of this paragraph, the long–term 15
	553	+	agreement required under paragraph (2)(i) of this subsection shall: 16
588	554
589		-	B. the obligation of the Authority or an entity designated by
590		-	the Authority to operate, maintain as a first–class facility, in good condition, repair, and
591		-	secure the Pimlico racing facility site during periods identified in the long–term agreement;
592		-	and
	555	+	1. ensure the continuity of the Preakness Stakes at the 17
	556	+	Pimlico racing facility site; 18
593	557
594		-	C. the obligation of the Authority or an entity designated by
595		-	the Authority to cooperate with respect to the provision of adequate parking and efficient
596		-	transportation plans around the Pimlico racing facility site.
	558	+	2. [ensure the MJC Entities’ sole, exclusive, and 19
	559	+	unconditional rights to: 20
597	560
598		-	(ii) 1. Unless thoroughbred racing is no longer a lawful activity,
599		-	or is otherwise rendered not commercially viable as a result of a change in law or regulation,
600		-	the long–term agreement under paragraph (2)(i) of this subsection may not expire while
601		-	any bond, debt, or other financial instrument issued by the Authority for the improvement
602		-	of a racing facility remains unpaid.
	561	+	A. manage and operate the Pimlico racing facility site subject 21
	562	+	to the exclusions and conditions in the long–term agreement; 22
603	563
604		-	2. If thoroughbred racing is no longer a lawful activity, or is
605		-	otherwise rendered not commercially viable as a result of a change in law or regulation, the
606		-	parties to the long–term agreement shall notify the Board of Public Works at least 180 days
607		-	before the expiration or termination of the long–term agreement.
	564	+	B. conduct at the Pimlico racing facility site thoroughbred 23
	565	+	training and racing, satellite simulcast wagering, advanced deposit wagering, and any 24
	566	+	other lawful activities; 25
608	567
609		-	3. The ~~notice required under subsubparagraph 2 of this~~
610		-	~~subparagraph shall contain a wind–down plan.~~
	568	+	C. designate annually exclusive use periods for the conduct 26
	569	+	of live thoroughbred training and racing; 27
611	570
612		-	4. The long–term agreement required under paragraph (2)(i)
613		-	of this subsection shall contain dispute resolution provisions, including expedited review,
614		-	in the event that there is a dispute among the parties regarding the existence of the
615		-	conditions described in subsubparagraph 1 of this subparagraph or the contents of the
616		-	wind–down plan.
	571	+	D. maintain the track surfaces; 28
617	572
618		-	[(iii) The MJC Entities shall have:
619		-	Ch. 410 2024 LAWS OF MARYLAND
	573	+	E. operate satellite simulcast wagering, advanced deposit 29
	574	+	wagering, and any other lawful activities; and 30
	575	+	HOUSE BILL 1524 13
620	576
621		-	– 14 –
622		-	1. priority of use over the Pimlico Clubhouse and Events
623		-	Facility and grounds for MJC Entities’ purposes related to racing, wagering, or other
624		-	agreed–on uses; and
625	577
626		-	2. the right to access and egress from the Pimlico racing
627		-	facility site during periods identified in the agreement.]
	578	+	F. an option to reacquire the Pimlico racing facility site at the 1
	579	+	termination or expiration of the long–term agreement on mutually agreeable terms and 2
	580	+	conditions, subject to the approval of the Board of Public Works; 3
628	581
629		-	(4) (i) Subject to subparagraph (ii) of this paragraph, the [long–term
630		-	agreement] AGREEMENTS required under paragraph (2)(ii) of this subsection shall:
	582	+	3.] require BE CONTINGENT ON the conveyance or 4
	583	+	conveyances in fee simple of the Pimlico site, in whole or in part, to THE MARYLAND 5
	584	+	THOROUGHBRE D RACETRACK OPERATING AUTHORITY, Baltimore City, the 6
	585	+	Baltimore Development Corporation or its successor or assigns, or any designated project 7
	586	+	entity, at the time and on the conditions established in the long–term agreement and 8
	587	+	subject to the Authority securing all the necessary development approvals and funding for 9
	588	+	the racing and community development project costs; AND 10
631	589
632		-	1. [ensure that the Maryland Million is run annually at
633		-	Laurel Park except:
	590	+	[4. establish the MJC Entities’ rights to: 11
634	591
635		-	A. during periods of construction;
	592	+	A. designate annually exclusive use periods for the conduct 12
	593	+	of live thoroughbred training and racing; 13
636	594
637		-	B. if prevented from doing so by weather, acts of God, or other
638		-	circumstances beyond the control of the racing licensee; or
	595	+	B. maintain the track surfaces; and 14
639	596
640		-	C. ~~if the racing licensee and the Maryland Million~~, ~~LLC agree~~
641		-	~~to another location that is approved by the State Racing Commission~~;
	597	+	C. operate satellite simulcast wagering, advanced deposit 15
	598	+	wagering, and any other lawful activities; 16
642	599
643		-	2. ensure the MJC Entities’ sole, exclusive, and
644		-	unconditional rights to:
	600	+	5. preserve the MJC Entities’ tangible, intangible, 17
	601	+	management, performance, distribution, intellectual property, advertising, concession, 18
	602	+	merchandising, sponsorship, media, streaming, naming, licensing, and commercial 19
	603	+	development rights, and any other rights identified by the MJC Entities; 20
645	604
646		-	A. manage and operate the Laurel Park racing facility site;
647		-	and
	605	+	6. subject to the operating agreements of the project entities, 21
	606	+	preserve the MJC Entities’ right to retain or designate revenues and profits associated with 22
	607	+	the MJC Entities’ rights and lawful activities; and 23
648	608
649		-	B. conduct at the Laurel Park racing facility site year–round
650		-	thoroughbred training and racing, satellite simulcast wagering, advanced deposit
651		-	wagering, and any other lawful activities;
	609	+	7.] 3. [subject to subparagraph (iii) of this paragraph,] 24
	610	+	establish: 25
652	611
653		-	3. provide for the MJC Entities:
	612	+	A. the right of the Authority or an entity designated by the 26
	613	+	Authority to manage and operate the Pimlico Clubhouse and Events Facility, grounds, and 27
	614	+	any facility [not designated for the MJC Entities’ year–round use]; 28
654	615
655		-	A. grant of an interest in the Laurel Park racing facility site,
656		-	in whole or in part, to Anne Arundel County or an entity or entities designated by Anne
657		-	Arundel County, including any designated project entity, for a specified term, including
658		-	renewals, and on the conditions established in the long–term agreement and subject to the
659		-	Authority securing all necessary development approvals and funding for the racing and
660		-	community development project costs;
	616	+	B. the obligation of the Authority or an entity designated by 29
	617	+	the Authority to operate, maintain as a first–class facility, in good condition, repair, and 30
	618	+	secure the Pimlico racing facility site during periods identified in the long–term agreement; 31
	619	+	and 32
661	620
662		-	B. access to the Laurel Park racing facility site for parking
663		-	and roadways;
	621	+	C. the obligation of the Authority or an entity designated by 33
	622	+	the Authority to cooperate with respect to the provision of adequate parking and efficient 34
	623	+	transportation plans around the Pimlico racing facility site. 35 14 HOUSE BILL 1524
664	624
665		-	C. rights to the Laurel Park racing facility site at the
666		-	expiration or termination of the long–term agreements on mutually agreeable terms and
667		-	conditions; WES MOORE, Governor Ch. 410
668	625
669		-	– 15 –
670	626
671		-	D. ~~payment to Anne Arundel County~~, ~~or an entity designated~~
672		-	~~by Anne Arundel County,~~ of ~~an amount at least equal to the prorated amount of real~~
673		-	~~property taxes paid in fiscal year 2020 for~~ the ~~Laurel Park racing facility site and any~~
674		-	~~improvements on the site~~, ~~unless otherwise agreed to~~ by the ~~MJC Entities and Anne~~
675		-	~~Arundel County;~~ ~~and~~
	627	+	(ii) 1. Unless thoroughbred racing is no longer a lawful activity, 1
	628	+	or is otherwise rendered not commercially viable as a result of a change in law or regulation, 2
	629	+	the long–term agreement under paragraph (2)(i) of this subsection may not expire while 3
	630	+	any bond, debt, or other financial instrument issued by the Authority for the improvement 4
	631	+	of a racing facility remains unpaid. 5
676	632
677		-	E. an obligation to maintain as a first–class facility, in good
678		-	condition, repair, and secure the Laurel Park racing facility site during the periods
679		-	identified in the long–term agreement;
	633	+	2. If thoroughbred racing is no longer a lawful activity, or is 6
	634	+	otherwise rendered not commercially viable as a result of a change in law or regulation, the 7
	635	+	parties to the long–term agreement shall notify the Board of Public Works at least 180 days 8
	636	+	before the expiration or termination of the long–term agreement. 9
680	637
681		-	4.] preserve the MJC Entities’ tangible, intangible,
682		-	management, performance, distribution, intellectual property, advertising, concession,
683		-	merchandising, sponsorship, media, streaming, naming, licensing, commercial
684		-	development, and any other rights identified by the MJC Entities; and
	638	+	3. The notice required under subsubparagraph 2 of this 10
	639	+	subparagraph shall contain a wind–down plan. 11
685	640
686		-	[5.] 2. subject to the operating agreements of the project entities,
687		-	preserve the MJC Entities’ right to retain or designate revenues and profits associated with
688		-	the MJC Entities’ rights and lawful activities.
	641	+	4. The long–term agreement required under paragraph (2)(i) 12
	642	+	of this subsection shall contain dispute resolution provisions, including expedited review, 13
	643	+	in the event that there is a dispute among the parties regarding the existence of the 14
	644	+	conditions described in subsubparagraph 1 of this subparagraph or the contents of the 15
	645	+	wind–down plan. 16
689	646
690		-	(ii) 1. Unless thoroughbred racing is no longer a lawful activity,
691		-	or is otherwise rendered not commercially viable as a result of a change in law or regulation,
692		-	the [long–term agreement] AGREEMENTS under paragraph (2)(ii) of this subsection may
693		-	not expire while any bond, debt, or other financial instrument issued by the Authority for
694		-	the improvement of a racing facility remains unpaid.
	647	+	[(iii) The MJC Entities shall have: 17
695	648
696		-	2. If thoroughbred racing is no longer a lawful activity, or is
697		-	otherwise rendered not commercially viable as a result of a change in law or regulation, the
698		-	parties to the [long–term agreement] AGREEMENTS shall notify the Board of Public Works
699		-	at least 180 days before the expiration or termination of the [long–term agreement]
700		-	AGREEMENTS .
	649	+	1. priority of use over the Pimlico Clubhouse and Events 18
	650	+	Facility and grounds for MJC Entities’ purposes related to racing, wagering, or other 19
	651	+	agreed–on uses; and 20
701	652
702		-	3. The ~~notice required under subsubparagraph 2 of this~~
703		-	~~subparagraph shall contain a wind–down plan~~.
	653	+	2. the right to access and egress from the Pimlico racing 21
	654	+	facility site during periods identified in the agreement.] 22
704	655
705		-	4. The [long–term agreement] AGREEMENTS required
706		-	under paragraph (2)(ii) of this subsection shall contain dispute resolution provisions,
707		-	including expedited review, in the event that there is a dispute among the parties regarding
708		-	the existence of the conditions described in subsubparagraph 1 of this subparagraph or the
709		-	contents of the wind–down plan.
	656	+	(4) (i) Subject to subparagraph (ii) of this paragraph, the [long–term 23
	657	+	agreement] AGREEMENTS required under paragraph (2)(ii) of this subsection shall: 24
710	658
711		-	(e) [The] ON BEHALF OF THE MARYLAND THOROUGHBRED RACETRACK
712		-	OPERATING AUTHORITY, THE Authority shall enter into agreements with project entities
713		-	or local entities for planning, design, and construction of the racing and community
714		-	development projects at a racing facility site.
715		-	Ch. 410 2024 LAWS OF MARYLAND
	659	+	1. [ensure that the Maryland Million is run annually at 25
	660	+	Laurel Park except: 26
716	661
717		-	– 16 –
718		-	(f) For fiscal year 2022 and each fiscal year thereafter, until the bonds that have
719		-	been issued to finance racing facilities are no longer outstanding and unpaid, the
720		-	Comptroller shall deposit into the Racing and Community Development Financing Fund
721		-	AT LEAST $17,000,000 from the State Lottery Fund under § 9–120(b)(1)(iv) of the State
722		-	Government Article.
	662	+	A. during periods of construction; 27
723	663
724		-	(g) If the money deposited in the Racing and Community Development Financing
725		-	Fund in accordance with subsection (f) of this section is not needed for debt service or debt
726		-	service reserves, the Authority may transfer those funds to the Racing and Community
727		-	Development Facilities Fund.
	664	+	B. if prevented from doing so by weather, acts of God, or other 28
	665	+	circumstances beyond the control of the racing licensee; or 29
728	666
729		-	(h) If funds are needed for debt service or debt service reserves, the Authority
730		-	may transfer money in the Racing and Community Development Facilities Fund to the
731		-	Racing and Community Development Financing Fund.
	667	+	C. if the racing licensee and the Maryland Million, LLC agree 30
	668	+	to another location that is approved by the State Racing Commission; 31
732	669
733		-	10–1003.
	670	+	2. ensure the MJC Entities’ sole, exclusive, and 32
	671	+	unconditional rights to: 33 HOUSE BILL 1524 15
734	672
735		-	(a) The purpose of the Authority is to maintain the State as a best–in–class
736		-	thoroughbred horse racing venue.
737	673
738		-	(b) The Authority may:
739	674
740		-	~~(1) study~~ and ~~make any recommendations that~~ the ~~Authority finds are in~~
741		-	~~the best interests of thoroughbred racing in the State;~~
	675	+	A. manage and operate the Laurel Park racing facility site; 1
	676	+	and 2
742	677
743		-	(2) in coordination with other State entities, develop new and existing
744		-	horse racing and training facilities in the State;
	678	+	B. conduct at the Laurel Park racing facility site year–round 3
	679	+	thoroughbred training and racing, satellite simulcast wagering, advanced deposit 4
	680	+	wagering, and any other lawful activities; 5
745	681
746		-	(3) [subject to subsection (c) of this section and in accordance with an
747		-	executive order or a determination of the State Racing Commission that a thoroughbred
748		-	racing licensee under Title 11, Subtitle 5 of the Business Regulation Article, for any reason
749		-	other than weather, an act of God, or other circumstances beyond the control of the licensee,
750		-	is unable to support the minimum number of live racing days:
	682	+	3. provide for the MJC Entities: 6
751	683
752		-	(i)] SUBJECT TO THE APPRO VAL OF AN AGREEMENT BY THE
753		-	BOARD OF PUBLIC WORKS, manage and oversee, in compliance with Title 11, Subtitle 5
754		-	of the Business Regulation Article:
	684	+	A. grant of an interest in the Laurel Park racing facility site, 7
	685	+	in whole or in part, to Anne Arundel County or an entity or entities designated by Anne 8
	686	+	Arundel County, including any designated project entity, for a specified term, including 9
	687	+	renewals, and on the conditions established in the long–term agreement and subject to the 10
	688	+	Authority securing all necessary development approvals and funding for the racing and 11
	689	+	community development project costs; 12
755	690
756		-	[1.] (I) day–to–day thoroughbred horse racing operations;
	691	+	B. access to the Laurel Park racing facility site for parking 13
	692	+	and roadways; 14
757	693
758		-	[2.] (II) live racing days; and
	694	+	C. rights to the Laurel Park racing facility site at the 15
	695	+	expiration or termination of the long–term agreements on mutually agreeable terms and 16
	696	+	conditions; 17
759	697
760		-	[3.] (III) assets in the State; [and]
761		-	WES MOORE, Governor Ch. 410
	698	+	D. payment to Anne Arundel County, or an entity designated 18
	699	+	by Anne Arundel County, of an amount at least equal to the prorated amount of real 19
	700	+	property taxes paid in fiscal year 2020 for the Laurel Park racing facility site and any 20
	701	+	improvements on the site, unless otherwise agreed to by the MJC Entities and Anne 21
	702	+	Arundel County; and 22
762	703
763		-	– 17 –
764		-	[(ii)] (4) in coordination with the Maryland Economic Development
765		-	Corporation, acquire property or contractual interests consistent with § 11–521 of the
766		-	Business Regulation Article and the procedures set forth in §§ 8–334 through 8–339 of the
767		-	Transportation Article;
	704	+	E. an obligation to maintain as a first–class facility, in good 23
	705	+	condition, repair, and secure the Laurel Park racing facility site during the periods 24
	706	+	identified in the long–term agreement; 25
768	707
769		-	[(4)] (5) enter into any agreements, leases, partnerships, or contracts
770		-	necessary to:
	708	+	4.] preserve the MJC Entities’ tangible, intangible, 26
	709	+	management, performance, distribution, intellectual property, advertising, concession, 27
	710	+	merchandising, sponsorship, media, streaming, naming, licensing, commercial 28
	711	+	development, and any other rights identified by the MJC Entities; and 29
771	712
772		-	(i) support and sustain Maryland thoroughbred racing and
773		-	pari–mutuel wagering activity; and
	713	+	[5.] 2. subject to the operating agreements of the project entities, 30
	714	+	preserve the MJC Entities’ right to retain or designate revenues and profits associated with 31
	715	+	the MJC Entities’ rights and lawful activities. 32
774	716
775		-	(ii) ensure compliance with State Racing Commission rules and
776		-	regulations;
	717	+	(ii) 1. Unless thoroughbred racing is no longer a lawful activity, 33
	718	+	or is otherwise rendered not commercially viable as a result of a change in law or regulation, 34
	719	+	the [long–term agreement] AGREEMENTS under paragraph (2)(ii) of this subsection may 35 16 HOUSE BILL 1524
777	720
778		-	[(5)] (6) authorize or create a separate body, entity, or holding company
779		-	to carry out any provisions of this subtitle;
780	721
781		-	[(6)] (7) adopt regulations to carry out the provisions of this subtitle; and
	722	+	not expire while any bond, debt, or other financial instrument issued by the Authority for 1
	723	+	the improvement of a racing facility remains unpaid. 2
782	724
783		-	[(7)] (8) make any other recommendations the Authority deems
784		-	necessary.
	725	+	2. If thoroughbred racing is no longer a lawful activity, or is 3
	726	+	otherwise rendered not commercially viable as a result of a change in law or regulation, the 4
	727	+	parties to the [long–term agreement] AGREEMENTS shall notify the Board of Public Works 5
	728	+	at least 180 days before the expiration or termination of the [long–term agreement] 6
	729	+	AGREEMENTS . 7
785	730
786		-	[(c) Before the Authority may exercise the powers authorized under subsection
787		-	(b)(3) of this section, the Legislative Policy Committee shall review and comment on the
788		-	executive order or determination of the State Racing Commission described under
789		-	subsection (b)(3) of this section.]
	731	+	3. The notice required under subsubparagraph 2 of this 8
	732	+	subparagraph shall contain a wind–down plan. 9
790	733
791		-	(C) (1) THE AUTHORITY SHALL PREPA RE ACCRUAL BASIS FIN ANCIAL
792		-	STATEMENTS AT THE CL OSE OF EACH FISCAL Y EAR.
	734	+	4. The [long–term agreement] AGREEMENTS required 10
	735	+	under paragraph (2)(ii) of this subsection shall contain dispute resolution provisions, 11
	736	+	including expedited review, in the event that there is a dispute among the parties regarding 12
	737	+	the existence of the conditions described in subsubparagraph 1 of this subparagraph or the 13
	738	+	contents of the wind–down plan. 14
793	739
794		-	(2) THE ACCRUAL BASIS FIN ANCIAL STATEMENTS SHALL DESCRIBE
795		-	THE CURRENT FINANCIA L CONDITIONS OF THE AUTHORITY FOR THE YEA R AND
796		-	PROVIDE A STATEMENT OF OPERATING PROFIT OR LOSS.
	740	+	(e) [The] ON BEHALF OF THE MARYLAND THOROUGHBRED RACETRACK 15
	741	+	OPERATING AUTHORITY, THE Authority shall enter into agreements with project entities 16
	742	+	or local entities for planning, design, and construction of the racing and community 17
	743	+	development projects at a racing facility site. 18
797	744
798		-	(3) ~~SUBJECT TO PARAGRAPH (4) OF THIS SUBSECTION~~ , ~~BEGINNING~~
799		-	~~WITH~~ THE ~~FIRST FULL YEAR OF THOROUGHBRED RACING OPERATIONS AT THE~~
800		-	~~NEWLY CONSTRUCTED PIMLICO~~ RACING ~~FACILI TY,~~ ~~10% OF THE ANNUAL NET~~
801		-	~~INCOME~~ OF THE ~~AUTHORITY SHALL BE DI STRIBUTED EACH YEAR IN ACCORDANCE~~
802		-	~~WITH § 9–1A–31(A)(3)(II) OF THE STATE~~ GOVERNMENT ARTICLE.
	745	+	(f) For fiscal year 2022 and each fiscal year thereafter, until the bonds that have 19
	746	+	been issued to finance racing facilities are no longer outstanding and unpaid, the 20
	747	+	Comptroller shall deposit into the Racing and Community Development Financing Fund 21
	748	+	AT LEAST $17,000,000 from the State Lottery Fund under § 9–120(b)(1)(iv) of the State 22
	749	+	Government Article. 23
803	750
804		-	(4) PRIOR TO CALCULATING THE AMOUNT TO BE DIS TRIBUTED UNDE R
805		-	PARAGRAPH (3) OF THIS SUBSECTION , THE ANNUAL NET INCOM E OF THE AUTHORITY
806		-	SHALL BE REDUCED BY THE CUMULATIVE OPERA TING LOSSES CARRIED FORWARD, IF
807		-	ANY, FROM PRIOR YEARS OF OPERATION.
808		-	Ch. 410 2024 LAWS OF MARYLAND
	751	+	(g) If the money deposited in the Racing and Community Development Financing 24
	752	+	Fund in accordance with subsection (f) of this section is not needed for debt service or debt 25
	753	+	service reserves, the Authority may transfer those funds to the Racing and Community 26
	754	+	Development Facilities Fund. 27
809	755
810		-	– 18 –
811		-	(D) (1) AT LEAST 45 DAYS BEFORE THE AUTHORITY ENTERS INTO A LEASE
812		-	OF THE PIMLICO RACING FACILI TY SITE, THE AUTHORITY SHALL SUBMI T A COPY OF
813		-	THE LEASE TO THE LEGISLATIVE POLICY COMMITTEE.
	756	+	(h) If funds are needed for debt service or debt service reserves, the Authority 28
	757	+	may transfer money in the Racing and Community Development Facilities Fund to the 29
	758	+	Racing and Community Development Financing Fund. 30
814	759
815		-	(2) THE LEGISLATIVE POLICY COMMITTEE SHALL HAVE UP TO 45
816		-	DAYS AFTER THE LEASE IS SUBMITTED TO THE COMMITTEE UNDER PARAG RAPH (1)
817		-	OF THIS SUBSECTION TO REVIEW AND COMMENT ON THE L EASE.
	760	+	10–1003. 31
818	761
819		-	10–1004.
	762	+	(a) The purpose of the Authority is to maintain the State as a best–in–class 32
	763	+	thoroughbred horse racing venue. 33
820	764
821		-	(a) (1) Subject to paragraph (2) of this subsection, the Authority consists of:
	765	+	(b) The Authority may: 34
	766	+	HOUSE BILL 1524 17
822	767
823		-	(i) the following members appointed by the Governor with the advice
824		-	and consent of the Senate:
825	768
826		-	1~~. one member from a list of two individuals nominated by~~
827		-	the ~~Maryland~~ Thoroughbred ~~Horsemen’s Association~~;
	769	+	(1) study and make any recommendations that the Authority finds are in 1
	770	+	the best interests of thoroughbred racing in the State; 2
828	771
829		-	2~~. one member from a list of two individuals nominated by~~
830		-	the ~~Maryland Horse Breeders Association~~; ~~[and]~~
	772	+	(2) in coordination with other State entities, develop new and existing 3
	773	+	horse racing and training facilities in the State; 4
831	774
832		-	3. ONE MEMBER WHO REPRE SENTS PARK HEIGHTS
833		-	RENAISSANCE, INC.;
	775	+	(3) [subject to subsection (c) of this section and in accordance with an 5
	776	+	executive order or a determination of the State Racing Commission that a thoroughbred 6
	777	+	racing licensee under Title 11, Subtitle 5 of the Business Regulation Article, for any reason 7
	778	+	other than weather, an act of God, or other circumstances beyond the control of the licensee, 8
	779	+	is unable to support the minimum number of live racing days: 9
834	780
835		-	~~4. ONE MEMBER WHO REPRE SENTS~~ THE ~~COMMUNITY~~
836		-	~~SURROUNDING THE TRAI NING FACILITY SITE A S DEFINED UNDER § 10–601~~ OF ~~THIS~~
837		-	~~TITLE; AND~~
	781	+	(i)] SUBJECT TO THE APPRO VAL OF AN AGREEMENT BY THE 10
	782	+	BOARD OF PUBLIC WORKS, manage and oversee, in compliance with Title 11, Subtitle 5 11
	783	+	of the Business Regulation Article: 12
838	784
839		-	[3.] 5. three other members who possess relevant industry,
840		-	business, or government experience:
	785	+	[1.] (I) day–to–day thoroughbred horse racing operations; 13
841	786
842		-	A. at least one of whom shall have experience in real estate
843		-	development or the financial services industries; and
	787	+	[2.] (II) live racing days; and 14
844	788
845		-	B. ~~one of whom shall serve as Chair~~;
	789	+	[3.] (III) assets in the State; [and] 15
846	790
847		-	(ii) the Chair or Executive Director of the Maryland Stadium
848		-	Authority, or the designee of the Chair or Executive Director;
	791	+	[(ii)] (4) in coordination with the Maryland Economic Development 16
	792	+	Corporation, acquire property or contractual interests consistent with § 11–521 of the 17
	793	+	Business Regulation Article and the procedures set forth in §§ 8–334 through 8–339 of the 18
	794	+	Transportation Article; 19
849	795
850		-	(~~iii~~) ~~the Chair~~ or ~~Executive Director of the Maryland Economic~~
851		-	~~Development Corporation,~~ ~~or the designee of the Corporation’s Board of Directors;~~
	796	+	[(4)] (5) enter into any agreements, leases, partnerships, or contracts 20
	797	+	necessary to: 21
852	798
853		-	(iv) one member who is not an elected official, appointed by the
854		-	President of the Senate;
855		-	WES MOORE, Governor Ch. 410
	799	+	(i) support and sustain Maryland thoroughbred racing and 22
	800	+	pari–mutuel wagering activity; and 23
856	801
857		-	– 19 –
858		-	(v) one member who is not an elected official, appointed by the
859		-	Speaker of the House;
	802	+	(ii) ensure compliance with State Racing Commission rules and 24
	803	+	regulations; 25
860	804
861		-	(vi) ~~the following nonvoting~~, ~~ex officio members~~, ~~appointed by the~~
862		-	~~Governor:~~
	805	+	[(5)] (6) authorize or create a separate body, entity, or holding company 26
	806	+	to carry out any provisions of this subtitle; 27
863	807
864		-	1. one member of the community who resides near Laurel
865		-	Park Race Course;
	808	+	[(6)] (7) adopt regulations to carry out the provisions of this subtitle; and 28
866	809
867		-	~~2. one member of~~ the ~~community who resides near Pimlico~~
868		-	~~Race Course;~~ ~~and~~
	810	+	[(7)] (8) make any other recommendations the Authority deems 29
	811	+	necessary. 30
869	812
870		-	~~3. one member of~~ the ~~community who resides near~~ the ~~Bowie~~
871		-	~~Race Course Training Center property;~~ and
	813	+	[(c) Before the Authority may exercise the powers authorized under subsection 31
	814	+	(b)(3) of this section, the Legislative Policy Committee shall review and comment on the 32 18 HOUSE BILL 1524
872	815
873		-	(vii) one nonvoting, ex officio member of the State Racing Commission,
874		-	designated by a majority of the members of the State Racing Commission.
875	816
876		-	~~(2) A majority~~ of the ~~members of the Authority may not have a direct interest~~
877		-	~~in thoroughbred horse racing as an owner, trainer, or licensee.~~
	817	+	executive order or determination of the State Racing Commission described under 1
	818	+	subsection (b)(3) of this section.] 2
878	819
879		-	Article – State Government
	820	+	(C) (1) THE AUTHORITY SHALL PREPA RE ACCRUAL BASIS FIN ANCIAL 3
	821	+	STATEMENTS AT THE CL OSE OF EACH FISCAL Y EAR. 4
880	822
881		-	9–111.
	823	+	(2) THE ACCRUAL BASIS FIN ANCIAL STATEMENTS SHALL DESCRIBE 5
	824	+	THE CURRENT FINANCIA L CONDITIONS OF THE AUTHORITY FOR THE YEA R AND 6
	825	+	PROVIDE A STATEMENT OF OPERATING PROFIT OR LOSS. 7
882	826
883		-	(F) IT IS THE INTENT OF T HE GENERAL ASSEMBLY THAT THE AGENCY
884		-	OFFER THE RACETRAX LOTTERY GAME AT A FREQUENCY THAT MAXIMIZES REVENUE
885		-	FROM THE GAME .
	827	+	(3) SUBJECT TO PARAGRAPH (4) OF THIS SUBSECTION , BEGINNING 8
	828	+	WITH THE FIRST FULL YEAR OF THOROUGHBRED RACING OPERATIONS AT THE 9
	829	+	NEWLY CONSTRUCTED PIMLICO RACING FACILI TY, 10% OF THE ANNUAL NET 10
	830	+	INCOME OF THE AUTHORITY SHALL BE DI STRIBUTED EACH YEAR IN ACCORDANCE 11
	831	+	WITH § 9–1A–31(A)(3)(II) OF THE STATE GOVERNMENT ARTICLE. 12
886	832
887		-	9–120.
	833	+	(4) PRIOR TO CALCULATING THE AMOUNT TO BE DIS TRIBUTED UNDER 13
	834	+	PARAGRAPH (3) OF THIS SUBSECTION , THE ANNUAL NET INCOM E OF THE AUTHORITY 14
	835	+	SHALL BE REDUCED BY THE CUMULATIVE OPERA TING LOSSES CARRIED FORWARD, IF 15
	836	+	ANY, FROM PRIOR YEARS OF OPERATION. 16
888	837
889		-	(b) (1) By the end of the month following collection, the Comptroller shall
890		-	deposit, cause to be deposited, or pay:
	838	+	(D) (1) AT LEAST 45 DAYS BEFORE THE AUTHORITY ENTERS INTO A LEASE 17
	839	+	OF THE PIMLICO RACING FACILI TY SITE, THE AUTHORITY SHALL SUBMI T A COPY OF 18
	840	+	THE LEASE TO THE LEGISLATIVE POLICY COMMITTEE. 19
891	841
892		-	(iv) after June 30, 2021, into the Racing and Community
893		-	Development Financing Fund established under § 10–657.2 of the Economic Development
894		-	Article from the money that remains in the State Lottery Fund, after the distribution under
895		-	subsection (a) of this section, an amount equal to AT LEAST $17,000,000 in each fiscal year
896		-	until the bonds issued for a racing facility have matured;
	842	+	(2) THE LEGISLATIVE POLICY COMMITTEE SHALL HAVE UP TO 45 20
	843	+	DAYS AFTER THE LEASE IS SUBMITTED TO THE COMMITTEE UNDER PARAG RAPH (1) 21
	844	+	OF THIS SUBSECTION TO REV IEW AND COMMENT ON T HE LEASE. 22
897	845
898		-	(xii) after June 30, 2023, into the Prince George’s County Blue Line
899		-	Corridor Facility Fund established under § 10–657.6 of the Economic Development Article
900		-	from the money that remains in the State Lottery Fund from the proceeds of all lotteries after
901		-	the distributions under subsection (a) of this section and items (i) through (xi) of this
902		-	paragraph, an amount not to exceed $27,000,000 to be paid in two installments not later
903		-	than November 1 and June 1 of each fiscal year; [and] Ch. 410 2024 LAWS OF MARYLAND
	846	+	10–1004. 23
904	847
905		-	~~– 20 –~~
	848	+	(a) (1) Subject to paragraph (2) of this subsection, the Authority consists of: 24
906	849
907		-	(XIII) AFTER JUNE 30, 2024, A SUPPLEMENTAL LOCAL IMPACT
908		-	GRANT OF $3,000,000 EACH FISCAL YEAR TO THE COUNTY EXECUTIVE AND COUNTY
909		-	COUNCIL OF PRINCE GEORGE’S COUNTY FROM THE MONEY THAT REMAINS IN THE
910		-	STATE LOTTERY FUND FROM THE PROCEED S OF ALL LOTTERIES A FTER THE
911		-	DISTRIBUTIONS UNDER SUBSECTION (A) OF THIS SECTION AND ITEMS (I) THROUGH
912		-	(XII) OF THIS PARAGRAPH TO BE DISTRIBUTED IN PRINCE GEORGE’S COUNTY IN
913		-	ACCORDANCE WITH § 9–1A–31 OF THIS TITLE; AND
	850	+	(i) the following members appointed by the Governor with the advice 25
	851	+	and consent of the Senate: 26
914	852
915		-	[(xiii)] (XIV) into the General Fund of the State the money that
916		-	remains in the State Lottery Fund from the proceeds of all lotteries after the distributions
917		-	under subsection (a) of this section and items (i) through [(xii)] (XIII) of this paragraph.
	853	+	1. one member from a list of two individuals nominated by 27
	854	+	the Maryland Thoroughbred Horsemen’s Association; 28
918	855
919		-	9–1A–28.
	856	+	2. one member from a list of two individuals nominated by 29
	857	+	the Maryland Horse Breeders Association; [and] 30
920	858
921		-	(a) There is a Purse Dedication Account under the authority of the State Racing
922		-	Commission.
	859	+	3. ONE MEMBER WHO REPRE SENTS PARK HEIGHTS 31
	860	+	RENAISSANCE, INC.; 32
	861	+	HOUSE BILL 1524 19
923	862
924		-	(b) (1) The Account shall receive money as required under § 9–1A–27 of this
925		-	subtitle.
926	863
927		-	(2) Money in the Account shall be invested and reinvested by the Treasurer
928		-	and interest and earnings shall accrue to the Account.
	864	+	4. ONE MEMBER WHO REPRE SENTS THE COMMUNITY 1
	865	+	SURROUNDING THE TRAI NING FACILITY SITE A S DEFINED UNDER § 10–601 OF THIS 2
	866	+	TITLE; AND 3
929	867
930		-	(3) The Comptroller shall:
	868	+	[3.] 5. three other members who possess relevant industry, 4
	869	+	business, or government experience: 5
931	870
932		-	(i) account for the Account;
	871	+	A. at least one of whom shall have experience in real estate 6
	872	+	development or the financial services industries; and 7
933	873
934		-	(ii) for fiscal year 2021, transfer $5,000,000, from the portion of the
935		-	proceeds in the Account allocated to thoroughbred purses under subsection (c)(1) of this
936		-	section, to the Racing and Community Development Facilities Fund established under §
937		-	10–657.3 of the Economic Development Article;
	874	+	B. one of whom shall serve as Chair; 8
938	875
939		-	(iii) for fiscal year 2022 and each fiscal year thereafter, on a properly
940		-	approved transmittal prepared by the Maryland Stadium Authority, issue a warrant to pay
941		-	out $5,000,000, from the portion of the proceeds in the Account allocated to thoroughbred
942		-	purses under subsection (c)(1) of this section, to the State Lottery Fund established under §
943		-	9–120 of this title until any bonds, debt, or other financial instruments issued or made
944		-	available by the Maryland Stadium Authority for a racing facility under Title 10, Subtitle
945		-	6 of the Economic Development Article reach final maturity; [and]
	876	+	(ii) the Chair or Executive Director of the Maryland Stadium 9
	877	+	Authority, or the designee of the Chair or Executive Director; 10
946	878
947		-	(iv) BEGINNING WITH THE F IRST FULL YEAR OF TH OROUGHBRED
948		-	RACING OPERATIONS AT THE NEWLY CONSTRUCTE D PIMLICO RACING FACILI TY, FOR
949		-	ANY FISCAL YEAR THAT THE MARYLAND THOROUGHBRED RACETRACK OPERATING
950		-	AUTHORITY REPORTS AN OPERATING LOSS UNDER § 10–1003(C) OF THE ECONOMIC WES MOORE, Governor Ch. 410
	879	+	(iii) the Chair or Executive Director of the Maryland Economic 11
	880	+	Development Corporation, or the designee of the Corporation’s Board of Directors; 12
951	881
952		-	– 21 –
953		-	DEVELOPMENT ARTICLE, ON A PROPERLY APPROV ED TRANSMITTAL PREPA RED BY
954		-	THE AUTHORITY, ISSUE A WARRANT TO P AY OUT THE AMOUNT OF THE OPERATING
955		-	LOSS, FROM THE PORTION OF THE PRO CEEDS IN THE ACCOUNT ALLOCATED TO
956		-	THOROUGHBRED PURSES UNDER SUBSECTION (C)(1) OF THIS SECTION , TO THE
957		-	AUTHORITY; AND
	882	+	(iv) one member who is not an elected official, appointed by the 13
	883	+	President of the Senate; 14
958	884
959		-	(V) on a properly approved transmittal prepared by the State Racing
960		-	Commission, issue a warrant to pay out money from the Account in the manner provided
961		-	under this section.
	885	+	(v) one member who is not an elected official, appointed by the 15
	886	+	Speaker of the House; 16
962	887
963		-	(4) The ~~Account is a special~~, ~~nonlapsing fund that is not subject to § 7–302~~
964		-	~~of the State Finance and Procurement Article.~~
	888	+	(vi) the following nonvoting, ex officio members, appointed by the 17
	889	+	Governor: 18
965	890
966		-	(5) Except as provided in paragraph (3)(ii) [and (iii)] THROUGH (IV) of this
967		-	subsection, expenditures from the Account shall only be made on a properly approved
968		-	transmittal prepared by the State Racing Commission as provided under subsection (c) of
969		-	this section.
	891	+	1. one member of the community who resides near Laurel 19
	892	+	Park Race Course; 20
970	893
971		-	9–1A–29.
	894	+	2. one member of the community who resides near Pimlico 21
	895	+	Race Course; and 22
972	896
973		-	~~(a) There is a Racetrack Facility Renewal Account under the authority~~ of the
974		-	~~State Racing Commission.~~
	897	+	3. one member of the community who resides near the Bowie 23
	898	+	Race Course Training Center property; and 24
975	899
976		-	(d) ~~(1)~~ The ~~amount of funds made available from the Racetrack Facility~~
977		-	~~Renewal Account shall be allocated as follows:~~
	900	+	(vii) one nonvoting, ex officio member of the State Racing Commission, 25
	901	+	designated by a majority of the members of the State Racing Commission. 26
978	902
979		-	(i) [1.] for fiscal year [2021] 2025 AND EACH FISCAL YEAR
980		-	THEREAFTER , [80%] 10% to be deposited in the Racing and Community Development
981		-	Facilities Fund established under § 10–657.3 of the Economic Development Article; [and]
	903	+	(2) A majority of the members of the Authority may not have a direct interest 27
	904	+	in thoroughbred horse racing as an owner, trainer, or licensee. 28
982	905
983		-	(II) [2.] for fiscal year 2022 and thereafter, 80% to the State
984		-	Lottery Fund established under § 9–120 of this title; and
	906	+	Article – State Government 29
985	907
986		-	[(ii)] (III) [subject to paragraph (2) of this subsection, 20% to
987		-	Rosecroft Raceway and] FOR FISCAL YEAR 2025 AND EACH FISCAL YEAR THEREAFTER ,
988		-	10% TO Ocean Downs Race Course [according to a formula established in regulations
989		-	adopted by the State Racing Commission].
	908	+	9–111. 30
	909	+	20 HOUSE BILL 1524
990	910
991		-	(2) [Of the amount available to Rosecroft Raceway from the Racetrack
992		-	Facility Renewal Account under paragraph (1)(ii) of this subsection:
993	911
994		-	(i) the unencumbered fund balance, including accrued interest,
995		-	existing as of June 30, 2020, shall be transferred to the Racing and Community
996		-	Development Facilities Fund established under § 10–646.3 of the Economic Development
997		-	Article; and Ch. 410 2024 LAWS OF MARYLAND
	912	+	(F) IT IS THE INTENT OF T HE GENERAL ASSEMBLY THAT THE AGENCY 1
	913	+	OFFER THE RACETRAX LOTTERY GAME AT A FREQUENCY THAT MAXIMIZES REVENUE 2
	914	+	FROM THE GAME . 3
998	915
999		-	– ~~22 –~~
	916	+	9–120. 4
1000	917
1001		-	(ii) subject] SUBJECT to paragraph (3) of this subsection, FROM
1002		-	THE AMOUNT TRANSFERR ED TO THE STATE LOTTERY FUND RACING AND
1003		-	COMMUNITY DEVELOPMENT FACILITIES FUND IN ACCORDANCE WITH P ARAGRAPH
1004		-	(1)(II) (1)(I) OF THIS SUBSECTION , for fiscal year [2021] 2025 and each fiscal year
1005		-	thereafter, $200,000 shall be transferred annually to Employ Prince George’s, Inc. for
1006		-	workforce development and small, minority, and women–owned business development.
	918	+	(b) (1) By the end of the month following collection, the Comptroller shall 5
	919	+	deposit, cause to be deposited, or pay: 6
1007	920
1008		-	(d) (1) The amount of funds made available from the Racetrack Fa cility
1009		-	Renewal Account shall be allocated as follows:
	921	+	(iv) after June 30, 2021, into the Racing and Community 7
	922	+	Development Financing Fund established under § 10–657.2 of the Economic Development 8
	923	+	Article from the money that remains in the State Lottery Fund, after the distribution under 9
	924	+	subsection (a) of this section, an amount equal to AT LEAST $17,000,000 in each fiscal year 10
	925	+	until the bonds issued for a racing facility have matured; 11
1010	926
1011		-	(i) 1. for fiscal year 2021, 80% to be deposited in the Racing and
1012		-	Community Development Facilities Fund established under § 10–657.3 of the Economic
1013		-	Development Article; and
	927	+	(xii) after June 30, 2023, into the Prince George’s County Blue Line 12
	928	+	Corridor Facility Fund established under § 10–657.6 of the Economic Development Article 13
	929	+	from the money that remains in the State Lottery Fund from the proceeds of all lotteries after 14
	930	+	the distributions under subsection (a) of this section and items (i) through (xi) of this 15
	931	+	paragraph, an amount not to exceed $27,000,000 to be paid in two installments not later 16
	932	+	than November 1 and June 1 of each fiscal year; [and] 17
1014	933
1015		-	2. for fiscal year 2022 and thereafter, 80% to the State Lottery
1016		-	Fund established under § 9–120 of this title; and
	934	+	(XIII) AFTER JUNE 30, 2024, A SUPPLEMENTAL LOCAL IMPACT 18
	935	+	GRANT OF $3,000,000 EACH FISCAL YEAR TO THE COUNTY EXECUTIVE AND COUNTY 19
	936	+	COUNCIL OF PRINCE GEORGE’S COUNTY FROM THE MONEY THAT REMAINS IN THE 20
	937	+	STATE LOTTERY FUND FROM THE PROCEED S OF ALL LOTTERIES A FTER THE 21
	938	+	DISTRIBUTIONS UNDER SUBSECTION (A) OF THIS SECTION AND ITEMS (I) THROUGH 22
	939	+	(XII) OF THIS PARAGRAPH TO BE DISTRIBUTED IN PRINCE GEORGE’S COUNTY IN 23
	940	+	ACCORDANCE WITH § 9–1A–31 OF THIS TITLE; AND 24
1017	941
1018		-	(ii) ~~subject to paragraph (2)~~ of ~~this subsection,~~ ~~20% to Rosecroft~~
1019		-	~~Raceway and Ocean Downs Race Course according to a formula established~~ in ~~regulations~~
1020		-	~~adopted by the State Racing Commission~~.
	942	+	[(xiii)] (XIV) into the General Fund of the State the money that 25
	943	+	remains in the State Lottery Fund from the proceeds of all lotteries after the distributions 26
	944	+	under subsection (a) of this section and items (i) through [(xii)] (XIII) of this paragraph. 27
1021	945
1022		-	(2) Of the amount available to Rosecroft Raceway from the Racetrack
1023		-	Facility Renewal Account under paragraph (1)(ii) of this subsection:
	946	+	9–1A–28. 28
1024	947
1025		-	(i) the unencumbered fund balance, including accrued interest,
1026		-	existing as of June 30, 2020, shall be transferred to the Racing and Community Development
1027		-	Facilities Fund established under § 10–646.3 of the Economic Development Article; and
	948	+	(a) There is a Purse Dedication Account under the authority of the State Racing 29
	949	+	Commission. 30
1028	950
1029		-	(ii) subject to paragraph (3) of this subsection, for fiscal year 2021
1030		-	and each fiscal year thereafter, $200,000 shall be transferred annually to Employ Prince
1031		-	George’s, Inc. for workforce development and small, minority, and women–owned business
1032		-	development.
	951	+	(b) (1) The Account shall receive money as required under § 9–1A–27 of this 31
	952	+	subtitle. 32
1033	953
1034		-	(3) (i) It is the intent of the General Assembly that the funds
1035		-	transferred to Employ Prince George’s, Inc. shall supplement, and not supplant, funds
1036		-	otherwise available for Employ Prince George’s, Inc.
	954	+	(2) Money in the Account shall be invested and reinvested by the Treasurer 33
	955	+	and interest and earnings shall accrue to the Account. 34
1037	956
1038		-	(ii) If Employ Prince George’s, Inc. is unable to expend the funds
1039		-	transferred under paragraph [(2)(ii)] (2) (2)(ii) of this subsection during the 12–month
1040		-	period after which Employ Prince George’s, Inc. received the funds, Employ Prince
1041		-	George’s, Inc. shall partner with similar organizations located within Prince George’s
1042		-	County to expend the balance of the funds from that period to encourage workforce
1043		-	development and small, minority, and women–owned business development.
1044		-	WES MOORE, Governor Ch. 410
	957	+	(3) The Comptroller shall: 35 HOUSE BILL 1524 21
1045	958
1046		-	– 23 –
1047		-	(4) FOR FISCAL YEAR 2026, THE GOVERNOR SHALL INCLUD E IN THE
1048		-	ANNUAL BUDGET BILL A N APPROPRIATION OF $4,500,000 TO THE RACETRACK
1049		-	FACILITY RENEWAL ACCOUNT TO BE MADE AV AILABLE TO ROSECROFT RACEWAY.
1050	959
1051		-	(g) Any unencumbered funds remaining in the Racetrack Facility Renewal
1052		-	Account after [a] THE LAST video lottery facility TO OPEN has been in operation for 16 years
1053		-	shall be paid to the Education Trust Fund established under § 9–1A–30 of this subtitle.
1054	960
1055		-	(h) (1) The State Racing Commission shall adopt regulations to implement the
1056		-	provisions of this section, including regulations to[:
	961	+	(i) account for the Account; 1
1057	962
1058		-	(1)] (I) address minimum criteria for the types of improvements to be
1059		-	made by the holder of a license[; and
	963	+	(ii) for fiscal year 2021, transfer $5,000,000, from the portion of the 2
	964	+	proceeds in the Account allocated to thoroughbred purses under subsection (c)(1) of this 3
	965	+	section, to the Racing and Community Development Facilities Fund established under § 4
	966	+	10–657.3 of the Economic Development Article; 5
1060	967
1061		-	(2) (II) establish a formula to allocate funds under subsection (d)(2) of
1062		-	this section between Rosecroft Raceway and Ocean Downs Race Course].
	968	+	(iii) for fiscal year 2022 and each fiscal year thereafter, on a properly 6
	969	+	approved transmittal prepared by the Maryland Stadium Authority, issue a warrant to pay 7
	970	+	out $5,000,000, from the portion of the proceeds in the Account allocated to thoroughbred 8
	971	+	purses under subsection (c)(1) of this section, to the State Lottery Fund established under § 9
	972	+	9–120 of this title until any bonds, debt, or other financial instruments issued or made 10
	973	+	available by the Maryland Stadium Authority for a racing facility under Title 10, Subtitle 11
	974	+	6 of the Economic Development Article reach final maturity; [and] 12
1063	975
1064		-	(2) IF ROSECROFT RACEWAY IS CLOSED AND NO LONGER USED FOR
1065		-	LIVE RACIN G THE UNENCUMBERED F UND BALANCE , INCLUDING ACCRUED
1066		-	INTEREST, OF THE AMOUNT AVAILA BLE TO ROSECROFT RACEWAY FROM THE
1067		-	RACETRACK FACILITY RENEWAL ACCOUNT UNDER SUBSECT ION (D)(1)(II) OF THIS
1068		-	SECTION SHALL BE MAD E AVAILABLE TO OCEAN DOWNS RACE COURSE.
	976	+	(iv) BEGINNING WITH THE F IRST FULL YEAR OF TH OROUGHBRED 13
	977	+	RACING OPERATIONS AT THE NEWLY CONSTRUCTE D PIMLICO RACING FACILI TY, FOR 14
	978	+	ANY FISCAL YEAR THAT THE MARYLAND THOROUGHBRED RACETRACK OPERATING 15
	979	+	AUTHORITY REPORTS AN OPERATING LOSS UNDER § 10–1003(C) OF THE ECONOMIC 16
	980	+	DEVELOPMENT ARTICLE, ON A PROPERLY APPROV ED TRANSMITTAL PREPA RED BY 17
	981	+	THE AUTHORITY, ISSUE A WARRANT TO P AY OUT THE AMOUNT OF THE OPERATING 18
	982	+	LOSS, FROM THE PORTION OF THE PRO CEEDS IN THE ACCOUNT ALLOCATED TO 19
	983	+	THOROUGHBRED PURSES UNDER SUBSECTION (C)(1) OF THIS SECTION , TO THE 20
	984	+	AUTHORITY; AND 21
1069	985
1070		-	9–1A–31.
	986	+	(V) on a properly approved transmittal prepared by the State Racing 22
	987	+	Commission, issue a warrant to pay out money from the Account in the manner provided 23
	988	+	under this section. 24
1071	989
1072		-	(a) (1) Except as provided in paragraph (8) of this subsection, the local impact
1073		-	grants provided under § 9–1A–27 of this subtitle shall be distributed as provided in this
1074		-	subsection.
	990	+	(4) The Account is a special, nonlapsing fund that is not subject to § 7–302 25
	991	+	of the State Finance and Procurement Article. 26
1075	992
1076		-	(3) The remaining funds for local impact grants shall be distributed in the
1077		-	following manner:
	993	+	(5) Except as provided in paragraph (3)(ii) [and (iii)] THROUGH (IV) of this 27
	994	+	subsection, expenditures from the Account shall only be made on a properly approved 28
	995	+	transmittal prepared by the State Racing Commission as provided under subsection (c) of 29
	996	+	this section. 30
1078	997
1079		-	(i) 82% to the local jurisdictions with video lottery facilities, based
1080		-	on each jurisdiction’s percentage of overall gross revenues from video lottery terminals; and
	998	+	9–1A–29. 31
1081	999
1082		-	(ii) except as provided in paragraph (4) of this subsection, for
1083		-	operations at a video lottery facility starting in fiscal year 2012 and ending in fiscal year
1084		-	2032, 18% to Baltimore City with the Pimlico Community Development Authority acting as
1085		-	the local development council in accordance with subsection (d) of this section, to be
1086		-	distributed primarily for capital projects benefiting economic and community development
1087		-	in the following manner:
	1000	+	(a) There is a Racetrack Facility Renewal Account under the authority of the 32
	1001	+	State Racing Commission. 33
1088	1002
1089		-	1~~. A.~~ ~~for fiscal years 2012 through 2023,~~ ~~at least 75%~~ ~~in a~~
1090		-	~~manner that is consistent with the Park Heights Master Plan; and~~
1091		-	~~Ch. 410~~ ~~2024 LAWS OF MARYLAND~~
	1003	+	(d) (1) The amount of funds made available from the Racetrack Facility 34
	1004	+	Renewal Account shall be allocated as follows: 35
	1005	+	22 HOUSE BILL 1524
1092	1006
1093		-	– 24 –
1094		-	B. for fiscal years 2024 through 2032, 85% in a manner that
1095		-	is consistent with the Park Heights Master Plan; and
1096	1007
1097		-	2. the remainder dedicated to the needs of:
	1008	+	(i) [1.] for fiscal year [2021] 2025 AND EACH FISCAL YEAR 1
	1009	+	THEREAFTER , [80%] 10% to be deposited in the Racing and Community Development 2
	1010	+	Facilities Fund established under § 10–657.3 of the Economic Development Article; [and] 3
1098	1011
1099		-	A. any census blockgroup that Baltimore City identifies as
1100		-	being located partly or entirely within 1 mile of Pimlico Race Course but not within the
1101		-	boundaries of the Park Heights Master Plan in a manner that is consistent with adopted
1102		-	neighborhood priorities;
	1012	+	(II) [2.] for fiscal year 2022 and thereafter, 80% to the State 4
	1013	+	Lottery Fund established under § 9–120 of this title; and 5
1103	1014
1104		-	~~B. any neighborhood included in the Northwest Community~~
1105		-	~~Planning Forum Strategic Neighborhood Action Plan in a manner that is consistent with~~
1106		-	~~the adopted Northwest Community Planning Forum Strategic Neighborhood Action Plan~~
1107		-	~~priorities; and~~
	1015	+	[(ii)] (III) [subject to paragraph (2) of this subsection, 20% to 6
	1016	+	Rosecroft Raceway and] FOR FISCAL YEAR 2025 AND EACH FISCAL YEAR THEREAFTER , 7
	1017	+	10% TO Ocean Downs Race Course [according to a formula established in regulations 8
	1018	+	adopted by the State Racing Commission]. 9
1108	1019
1109		-	C. beginning after a video lottery operation license is issued to
1110		-	a video lottery facility in Baltimore City, any neighborhood within an area bounded by
1111		-	Liberty Heights Avenue, Northern Parkway, Druid Park Drive, and Wabash Avenue in a
1112		-	manner that is consistent with adopted neighborhood priorities.
	1020	+	(2) [Of the amount available to Rosecroft Raceway from the Racetrack 10
	1021	+	Facility Renewal Account under paragraph (1)(ii) of this subsection: 11
1113	1022
1114		-	(4) (i) Of the amount specified under paragraph (3)(ii) of this subsection:
	1023	+	(i) the unencumbered fund balance, including accrued interest, 12
	1024	+	existing as of June 30, 2020, shall be transferred to the Racing and Community 13
	1025	+	Development Facilities Fund established under § 10–646.3 of the Economic Development 14
	1026	+	Article; and 15
1115	1027
1116		-	1. $1,000,000 shall be provided annually to Prince George’s
1117		-	County to be used for public safety projects in the community within 5 miles surrounding
1118		-	Rosecroft Raceway;
	1028	+	(ii) subject] SUBJECT to paragraph (3) of this subsection, FROM 16
	1029	+	THE AMOUNT TRANSFERR ED TO THE STATE LOTTERY FUND RACING AND 17
	1030	+	COMMUNITY DEVELOPMENT FACILITIES FUND IN ACCORDANCE WITH P ARAGRAPH 18
	1031	+	(1)(II) (1)(I) OF THIS SUBSECTION , for fiscal year [2021] 2025 and each fiscal year 19
	1032	+	thereafter, $200,000 shall be transferred annually to Employ Prince George’s, Inc. for 20
	1033	+	workforce development and small, minority, and women–owned business development. 21
1119	1034
1120		-	2. $500,000 shall be provided annually for impact aid to be
1121		-	distributed as provided under § 11–404(d) of the Business Regulation Article to help pay for
1122		-	facilities and services in communities within 3 miles of the Laurel Race Course;
	1035	+	(d) (1) The amount of funds made available from the Racetrack Facility 22
	1036	+	Renewal Account shall be allocated as follows: 23
1123	1037
1124		-	3. for fiscal years 2022 through 2032, $3,500,000 shall be
1125		-	provided annually to the State Lottery Fund established under § 9–120 of this title; and
	1038	+	(i) 1. for fiscal year 2021, 80% to be deposited in the Racing and 24
	1039	+	Community Development Facilities Fund established under § 10–657.3 of the Economic 25
	1040	+	Development Article; and 26
1126	1041
1127		-	4. for fiscal years 2021 through 2032, the greater of
1128		-	$2,400,000 or 24% of the total amount distributed for the fiscal year under paragraph (3)(ii)
1129		-	of this subsection shall be provided annually to Park Heights Renaissance, Inc.
	1042	+	2. for fiscal year 2022 and thereafter, 80% to the State Lottery 27
	1043	+	Fund established under § 9–120 of this title; and 28
1130	1044
1131		-	(ii) The Legislative Policy Committee shall report its findings and
1132		-	recommendations concerning the advisability of the continuation of the distribution of funds
1133		-	after fiscal year 2032 to the Comptroller and, in accordance with § 2–1257 of this article, the
1134		-	General Assembly, on or before November 1, 2030.
	1045	+	(ii) subject to paragraph (2) of this subsection, 20% to Rosecroft 29
	1046	+	Raceway and Ocean Downs Race Course according to a formula established in regulations 30
	1047	+	adopted by the State Racing Commission. 31
1135	1048
1136		-	9–1E–01.
	1049	+	(2) Of the amount available to Rosecroft Raceway from the Racetrack 32
	1050	+	Facility Renewal Account under paragraph (1)(ii) of this subsection: 33
	1051	+	HOUSE BILL 1524 23
1137	1052
1138		-	(a) In this subtitle the following words have the meanings indicated.
1139		-	WES MOORE, Governor Ch. 410
1140	1053
1141		-	– 25 –
1142		-	(d) “Horse racing licensee” means the holder of a license issued by the State
1143		-	Racing Commission under [Title 11, Subtitle 5] § 11–510 of the Business Regulation
1144		-	Article [to hold racing in Anne Arundel County].
	1054	+	(i) the unencumbered fund balance, including accrued interest, 1
	1055	+	existing as of June 30, 2020, shall be transferred to the Racing and Community Development 2
	1056	+	Facilities Fund established under § 10–646.3 of the Economic Development Article; and 3
1145	1057
1146		-	9–1E–06.
	1058	+	(ii) subject to paragraph (3) of this subsection, for fiscal year 2021 4
	1059	+	and each fiscal year thereafter, $200,000 shall be transferred annually to Employ Prince 5
	1060	+	George’s, Inc. for workforce development and small, minority, and women–owned business 6
	1061	+	development. 7
1147	1062
1148		-	(b) (1) ~~[An] EXCEPT AS PROVIDED IN PARAGRAPH (2)~~ OF ~~THIS~~
1149		-	~~SUBSECTION~~, ~~AN applicant for a sports wagering license~~ shall ~~pay to the Commission an~~
1150		-	~~application fee of:~~
	1063	+	(3) (i) It is the intent of the General Assembly that the funds 8
	1064	+	transferred to Employ Prince George’s, Inc. shall supplement, and not supplant, funds 9
	1065	+	otherwise available for Employ Prince George’s, Inc. 10
1151	1066
1152		-	[(1)] (I) $2,000,000 for a Class A–1 sports wagering facility license;
	1067	+	(ii) If Employ Prince George’s, Inc. is unable to expend the funds 11
	1068	+	transferred under paragraph [(2)(ii)] (2) (2)(ii) of this subsection during the 12–month 12
	1069	+	period after which Employ Prince George’s, Inc. received the funds, Employ Prince 13
	1070	+	George’s, Inc. shall partner with similar organizations located within Prince George’s 14
	1071	+	County to expend the balance of the funds from that period to encourage workforce 15
	1072	+	development and small, minority, and women–owned business development. 16
1153	1073
1154		-	[(2)] (II) $1,000,000 for a Class A–2 sports wagering facility license;
	1074	+	(4) FOR FISCAL YEAR 2026, THE GOVERNOR SHALL INCLUD E IN THE 17
	1075	+	ANNUAL BUDGET BILL A N APPROPRIATION OF $4,500,000 TO THE RACETRACK 18
	1076	+	FACILITY RENEWAL ACCOUNT TO BE MADE AVAILABLE TO ROSECROFT RACEWAY. 19
1155	1077
1156		-	[(3)] (III) $250,000 for a Class B–1 sports wagering facility license;
	1078	+	(g) Any unencumbered funds remaining in the Racetrack Facility Renewal 20
	1079	+	Account after [a] THE LAST video lottery facility TO OPEN has been in operation for 16 years 21
	1080	+	shall be paid to the Education Trust Fund established under § 9–1A–30 of this subtitle. 22
1157	1081
1158		-	[(4)] (IV) $50,000 for a Class B–2 sports wagering facility license; and
	1082	+	(h) (1) The State Racing Commission shall adopt regulations to implement the 23
	1083	+	provisions of this section, including regulations to[: 24
1159	1084
1160		-	[(5)] (V) $500,000 for a mobile sports wagering license.
	1085	+	(1)] (I) address minimum criteria for the types of improvements to be 25
	1086	+	made by the holder of a license[; and 26
1161	1087
1162		-	(2) THE REQUIREMENT TO PA Y AN APPLICATION FEE TO THE
1163		-	COMMISSION UNDER PARA GRAPH (1) OF THIS SUBSECTION D OES NOT APPLY TO AN
1164		-	APPLICANT FOR A CLASS A–2 SPORTS WAGERING FACI LITY LICENSE THAT IS A
1165		-	HORSE RACING LICENSE E DESCRIBED UNDER § 11–510(B)(3) OF THE BUSINESS
1166		-	REGULATION ARTICLE.
	1088	+	(2) (II) establish a formula to allocate funds under subsection (d)(2) of 27
	1089	+	this section between Rosecroft Raceway and Ocean Downs Race Course]. 28
1167	1090
1168		-	(d) (1) A sports wagering licensee may not begin accepting wagers on sporting
1169		-	events until the application fee under subsection [(b)] (B)(1) of this section is paid in full
1170		-	and the applicant reimburses the Commission for expenses related to performing
1171		-	background investigations.
	1091	+	(2) IF ROSECROFT RACEWAY IS CLOSED AND NO LONGER USED FOR 29
	1092	+	LIVE RACING THE UNENCUMBERED FUND BA LANCE, INCLUDING ACCRUED 30
	1093	+	INTEREST, OF THE AMOUNT AVAILA BLE TO ROSECROFT RACEWAY FROM THE 31
	1094	+	RACETRACK FACILITY RENEWAL ACCOUNT UNDER SUBSECT ION (D)(1)(II) OF THIS 32
	1095	+	SECTION SHALL BE MAD E AVAILABLE TO OCEAN DOWNS RACE COURSE. 33
1172	1096
1173		-	~~(2) The application fee under subsection [(b)] (B)(1) of this section is~~
1174		-	~~nonrefundable.~~
	1097	+	9–1A–31. 34
	1098	+	24 HOUSE BILL 1524
1175	1099
1176		-	Article – Tax – General
1177	1100
1178		-	2–1302.3.
	1101	+	(a) (1) Except as provided in paragraph (8) of this subsection, the local impact 1
	1102	+	grants provided under § 9–1A–27 of this subtitle shall be distributed as provided in this 2
	1103	+	subsection. 3
1179	1104
1180		-	AFTER MAKING THE DIST RIBUTIONS REQUIRED U NDER §§ 2–1301 THROUGH
1181		-	2–1302.2 OF THIS SUBTITLE , THE COMPTROLLER SHALL DIS TRIBUTE THE S ALES
1182		-	AND USE TAX REVENUE THAT IS ATTRIBUTABLE TO THE PURCHASE OF A RACEHORSE
1183		-	FOLLOWING A CLAIMING RACE TO THE RACING AND COMMUNITY DEVELOPMENT
1184		-	FACILITIES FUND ESTABLISHED UNDE R § 10–657.3 OF THE ECONOMIC
1185		-	DEVELOPMENT ARTICLE.
1186		-	Ch. 410 2024 LAWS OF MARYLAND
	1105	+	(3) The remaining funds for local impact grants shall be distributed in the 4
	1106	+	following manner: 5
1187	1107
1188		-	~~– 26 –~~
1189		-	~~2–1303.~~
	1108	+	(i) 82% to the local jurisdictions with video lottery facilities, based 6
	1109	+	on each jurisdiction’s percentage of overall gross revenues from video lottery terminals; and 7
1190	1110
1191		-	After making the distributions required under §§ 2–1301 through [2–1302.2]
1192		-	2–1302.3 of this subtitle, the Comptroller shall pay:
	1111	+	(ii) except as provided in paragraph (4) of this subsection, for 8
	1112	+	operations at a video lottery facility starting in fiscal year 2012 and ending in fiscal year 9
	1113	+	2032, 18% to Baltimore City with the Pimlico Community Development Authority acting as 10
	1114	+	the local development council in accordance with subsection (d) of this section, to be 11
	1115	+	distributed primarily for capital projects benefiting economic and community development 12
	1116	+	in the following manner: 13
1193	1117
1194		-	(1) revenues from the hotel surcharge into the Dorchester County
1195		-	Economic Development Fund established under § 10–130 of the Economic Development
1196		-	Article;
	1118	+	1. A. for fiscal years 2012 through 2023, at least 75% in a 14
	1119	+	manner that is consistent with the Park Heights Master Plan; and 15
1197	1120
1198		-	(2) to the Blueprint for Maryland’s Future Fund established under § 5–206
1199		-	of the Education Article, the following percentage of the remaining sales and use tax
1200		-	revenues:
	1121	+	B. for fiscal years 2024 through 2032, 85% in a manner that 16
	1122	+	is consistent with the Park Heights Master Plan; and 17
1201	1123
1202		-	~~(i) for fiscal year 2023,~~ ~~9.2%;~~
	1124	+	2. the remainder dedicated to the needs of: 18
1203	1125
1204		-	(ii) for fiscal year 2024, 11.0%;
	1126	+	A. any census blockgroup that Baltimore City identifies as 19
	1127	+	being located partly or entirely within 1 mile of Pimlico Race Course but not within the 20
	1128	+	boundaries of the Park Heights Master Plan in a manner that is consistent with adopted 21
	1129	+	neighborhood priorities; 22
1205	1130
1206		-	(iii) for fiscal year 2025, 11.3%;
	1131	+	B. any neighborhood included in the Northwest Community 23
	1132	+	Planning Forum Strategic Neighborhood Action Plan in a manner that is consistent with 24
	1133	+	the adopted Northwest Community Planning Forum Strategic Neighborhood Action Plan 25
	1134	+	priorities; and 26
1207	1135
1208		-	(iv) for fiscal year 2026, 11.7%; and
	1136	+	C. beginning after a video lottery operation license is issued to 27
	1137	+	a video lottery facility in Baltimore City, any neighborhood within an area bounded by 28
	1138	+	Liberty Heights Avenue, Northern Parkway, Druid Park Drive, and Wabash Avenue in a 29
	1139	+	manner that is consistent with adopted neighborhood priorities. 30
1209	1140
1210		-	(v) ~~for fiscal year 2027 and each fiscal year thereafter,~~ ~~12.1%; and~~
	1141	+	(4) (i) Of the amount specified under paragraph (3)(ii) of this subsection: 31
1211	1142
1212		-	(3) the remaining sales and use tax revenue into the General Fund of the
1213		-	State.
	1143	+	1. $1,000,000 shall be provided annually to Prince George’s 32
	1144	+	County to be used for public safety projects in the community within 5 miles surrounding 33
	1145	+	Rosecroft Raceway; 34
	1146	+	HOUSE BILL 1524 25
1214	1147
1215		-	10–207.
1216	1148
1217		-	~~(a)~~ To ~~the extent included in federal adjusted gross income, the amounts under~~
1218		-	~~this section are subtracted from~~ the ~~federal adjusted gross income of a resident~~ to ~~determine~~
1219		-	~~Maryland adjusted gross income.~~
	1149	+	2. $500,000 shall be provided annually for impact aid to be 1
	1150	+	distributed as provided under § 11–404(d) of the Business Regulation Article to help pay for 2
	1151	+	facilities and services in communities within 3 miles of the Laurel Race Course; 3
1220	1152
1221		-	(ii) (1) In this subsection, [“Laurel Park site” and “Pimlico site” have the
1222		-	meanings] “PIMLICO SITE” HAS THE MEANING stated in § 10–601 of the Economic
1223		-	Development Article.
	1153	+	3. for fiscal years 2022 through 2032, $3,500,000 shall be 4
	1154	+	provided annually to the State Lottery Fund established under § 9–120 of this title; and 5
1224	1155
1225		-	(2) The subtraction under subsection (a) of this section includes:
	1156	+	4. for fiscal years 2021 through 2032, the greater of 6
	1157	+	$2,400,000 or 24% of the total amount distributed for the fiscal year under paragraph (3)(ii) 7
	1158	+	of this subsection shall be provided annually to Park Heights Renaissance, Inc. 8
1226	1159
1227		-	(i) the amount of gain recognized as a result of the direct or indirect
1228		-	transfer or conveyance of[:
	1160	+	(ii) The Legislative Policy Committee shall report its findings and 9
	1161	+	recommendations concerning the advisability of the continuation of the distribution of funds 10
	1162	+	after fiscal year 2032 to the Comptroller and, in accordance with § 2–1257 of this article, the 11
	1163	+	General Assembly, on or before November 1, 2030. 12
1229	1164
1230		-	1.] any property located, or used, at or within the [Laurel
1231		-	Park site or] Pimlico site; and
1232		-	WES MOORE, Governor Ch. 410
	1165	+	9–1E–01. 13
1233	1166
1234		-	– 27 –
1235		-	[2. any portion of the Bowie Race Course Training Center
1236		-	property; and]
	1167	+	(a) In this subtitle the following words have the meanings indicated. 14
1237	1168
1238		-	(ii) the ~~amount~~ of ~~income recognized as~~ a ~~result of any expenditure~~
1239		-	of ~~funds directly or indirectly by~~ the ~~State[,] OR Baltimore City[, or Anne Arundel County]~~
1240		-	~~with respect~~ to ~~the [Laurel~~ ~~Park site or~~] ~~Pimlico site~~.
	1169	+	(d) “Horse racing licensee” means the holder of a license issued by the State 15
	1170	+	Racing Commission under [Title 11, Subtitle 5] § 11–510 of the Business Regulation 16
	1171	+	Article [to hold racing in Anne Arundel County]. 17
1241	1172
1242		-	10–~~307~~.
	1173	+	9–1E–06. 18
1243	1174
1244		-	(a) ~~To the extent included~~ in ~~federal taxable income, the amounts under~~ this
1245		-	~~section are subtracted from~~ the ~~federal taxable income of a corporation to determine~~
1246		-	~~Maryland modified income.~~
	1175	+	(b) (1) [An] EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS 19
	1176	+	SUBSECTION, AN applicant for a sports wagering license shall pay to the Commission an 20
	1177	+	application fee of: 21
1247	1178
1248		-	(g) The subtraction under subsection (a) of this section includes the amounts
1249		-	allowed to be subtracted for an individual under:
	1179	+	[(1)] (I) $2,000,000 for a Class A–1 sports wagering facility license; 22
1250	1180
1251		-	(1) § 10–207(i) of this title (Profits on sale or exchange of State or local
1252		-	bonds);
	1181	+	[(2)] (II) $1,000,000 for a Class A–2 sports wagering facility license; 23
1253	1182
1254		-	(2) ~~§ 10~~–~~207(k) of this title (Relocation and assistance payments)~~;
	1183	+	[(3)] (III) $250,000 for a Class B–1 sports wagering facility license; 24
1255	1184
1256		-	(3) ~~§ 10~~–~~207(m) of this title (State or local income tax refunds)~~;
	1185	+	[(4)] (IV) $50,000 for a Class B–2 sports wagering facility license; and 25
1257	1186
1258		-	(4) § 10–207(c–1) of this title (State tax–exempt interest from mutual
1259		-	funds);
	1187	+	[(5)] (V) $500,000 for a mobile sports wagering license. 26
1260	1188
1261		-	(5) [§ 10–207(hh)] § 10–207(II) of this title (Gain on the transfer of
1262		-	property within the [Laurel Park site or] Pimlico site [or Bowie Race Course Training
1263		-	Center property] and income recognized as result of governmental expenditures); or
	1189	+	(2) THE REQUIREMENT TO PA Y AN APPLICATION FEE TO THE 27
	1190	+	COMMISSION UNDER PARA GRAPH (1) OF THIS SUBSECTION D OES NOT APPLY TO AN 28
	1191	+	APPLICANT FOR A CLASS A–2 SPORTS WAGERING FACI LITY LICENSE THAT IS A 29
	1192	+	HORSE RACING LICENSE E DESCRIBED UNDER § 11–510(B)(3) OF THE BUSINESS 30
	1193	+	REGULATION ARTICLE. 31
	1194	+	26 HOUSE BILL 1524
1264	1195
1265		-	(6) § 10–207(jj) of this title (Coronavirus relief payments).
1266	1196
1267		-	11–236.
	1197	+	(d) (1) A sports wagering licensee may not begin accepting wagers on sporting 1
	1198	+	events until the application fee under subsection [(b)] (B)(1) of this section is paid in full 2
	1199	+	and the applicant reimburses the Commission for expenses related to performing 3
	1200	+	background investigations. 4
1268	1201
1269		-	(a) (1) In this section the following words have the meanings indicated.
	1202	+	(2) The application fee under subsection [(b)] (B)(1) of this section is 5
	1203	+	nonrefundable. 6
1270	1204
1271		-	(2) (i) “Construction material” means an item of tangible personal
1272		-	property that is used to construct or renovate a building, a structure, or an improvement
1273		-	on land and that typically loses its separate identity as personal property once incorporated
1274		-	into the real property.
	1205	+	Article – Tax – General 7
1275	1206
1276		-	(ii) “Construction material” includes building materials, building
1277		-	systems equipment, landscaping materials, and supplies.
	1207	+	2–1302.3. 8
1278	1208
1279		-	(3) [“Laurel Park racing facility site” has the meaning stated in § 10–601
1280		-	of the Economic Development Article. Ch. 410 2024 LAWS OF MARYLAND
	1209	+	AFTER MAKING THE DIST RIBUTIONS REQUIRED U NDER §§ 2–1301 THROUGH 9
	1210	+	2–1302.2 OF THIS SUBTITLE , THE COMPTROLLER SHALL DIS TRIBUTE THE S ALES 10
	1211	+	AND USE TAX REVENUE THAT IS ATTRIBUTABLE TO THE PURCHASE OF A RACEHORSE 11
	1212	+	FOLLOWING A CLAIMING RACE TO THE RACING AND COMMUNITY DEVELOPMENT 12
	1213	+	FACILITIES FUND ESTABLISHED UNDE R § 10–657.3 OF THE ECONOMIC 13
	1214	+	DEVELOPMENT ARTICLE. 14
1281	1215
1282		-	– ~~28 –~~
	1216	+	2–1303. 15
1283	1217
1284		-	~~(4)] “Pimlico site” [has~~ the ~~meaning~~] ~~AND “TRAINING~~ ~~FACILITY SI TE”~~
1285		-	~~HAVE~~ THE ~~MEANINGS stated in § 10–601 of the Economic Development Article.~~
	1218	+	After making the distributions required under §§ 2–1301 through [2–1302.2] 16
	1219	+	2–1302.3 of this subtitle, the Comptroller shall pay: 17
1286	1220
1287		-	(b) The sales and use tax does not apply to a sale of construction material, if:
	1221	+	(1) revenues from the hotel surcharge into the Dorchester County 18
	1222	+	Economic Development Fund established under § 10–130 of the Economic Development 19
	1223	+	Article; 20
1288	1224
1289		-	(1) the construction material is purchased by a person solely for use in
1290		-	furtherance of the provisions of Title 10, Subtitle 6 of the Economic Development Article
1291		-	for the construction or redevelopment at the [Laurel Park racing facility site or] Pimlico
1292		-	site OR TRAINING FACILITY SITE;
	1225	+	(2) to the Blueprint for Maryland’s Future Fund established under § 5–206 21
	1226	+	of the Education Article, the following percentage of the remaining sales and use tax 22
	1227	+	revenues: 23
1293	1228
1294		-	(2) ~~the sale is made before January 1~~, ~~[2026] 2029~~; ~~and~~
	1229	+	(i) for fiscal year 2023, 9.2%; 24
1295	1230
1296		-	(3) the buyer provides the vendor with eligibility of the exemption issued
1297		-	by the Comptroller.
	1231	+	(ii) for fiscal year 2024, 11.0%; 25
1298	1232
1299		-	(c) ~~The Comptroller shall adopt regulations to implement this section.~~
	1233	+	(iii) for fiscal year 2025, 11.3%; 26
1300	1234
1301		-	~~Article – Tax – Property~~
	1235	+	(iv) for fiscal year 2026, 11.7%; and 27
1302	1236
1303		-	~~7–246~~.
	1237	+	(v) for fiscal year 2027 and each fiscal year thereafter, 12.1%; and 28
1304	1238
1305		-	(a) In this section, [“Laurel Park racing facility site” and] “Pimlico racing facility
1306		-	site” AND “TRAINING FACILITY SI TE” have the meanings stated in § 10–601 of the
1307		-	Economic Development Article.
	1239	+	(3) the remaining sales and use tax revenue into the General Fund of the 29
	1240	+	State. 30
1308	1241
1309		-	(b) An interest of a person in an improvement at the [Laurel Park racing facility
1310		-	site or] Pimlico racing facility site OR TRAINING FACILITY SITE or an interest of a person
1311		-	in the real property of the [Laurel Park racing facility site or] Pimlico racing facility site
1312		-	OR TRAINING FACILITY SITE is not subject to property tax for the duration of:
	1242	+	10–207. 31 HOUSE BILL 1524 27
1313	1243
1314		-	(1) with respect to the Pimlico racing facility site, the long–term agreement
1315		-	described under [§ 10–646.1(d)(2)(i)] § 10–646.1(D) of the Economic Development Article;
1316		-	or
1317	1244
1318		-	(2) with respect to the [Laurel Park racing facility site] TRAINING
1319		-	FACILITY SITE, the long–term agreement described under [§ 10–646.1(d)(2)(ii)] §
1320		-	10–646.1(D) of the Economic Development Article.
1321	1245
1322		-	12–108.
	1246	+	(a) To the extent included in federal adjusted gross income, the amounts under 1
	1247	+	this section are subtracted from the federal adjusted gross income of a resident to determine 2
	1248	+	Maryland adjusted gross income. 3
1323	1249
1324		-	(hh) (1) In this subsection, [“Laurel Park racing facility site”,] “MJC Entities”,
1325		-	“Pimlico racing facility site”, “Pimlico site”, [and] “project entities”, AND “TRAINING
1326		-	FACILITY SITE” have the meanings stated in § 10–601 of the Economic Development
1327		-	Article. WES MOORE, Governor Ch. 410
	1250	+	(ii) (1) In this subsection, [“Laurel Park site” and “Pimlico site” have the 4
	1251	+	meanings] “PIMLICO SITE” HAS THE MEANING stated in § 10–601 of the Economic 5
	1252	+	Development Article. 6
1328	1253
1329		-	~~– 29 –~~
	1254	+	(2) The subtraction under subsection (a) of this section includes: 7
1330	1255
1331		-	(2) ~~An instrument~~ of ~~writing is not subject to recordation tax if~~ the
1332		-	~~instrument of writing transfers~~ or ~~grants a security interest in property that is~~[:
	1256	+	(i) the amount of gain recognized as a result of the direct or indirect 8
	1257	+	transfer or conveyance of[: 9
1333	1258
1334		-	(i)] located at or within the [Laurel Park racing facility site,] Pimlico
1335		-	racing facility site, [or] Pimlico site, OR TRAINING FACILITY SITE and the transfer or
1336		-	grant is by any combination of project entities, MJC Entities, Baltimore City, OR an entity
1337		-	designated by Baltimore City[, Anne Arundel County, or an entity designated by Anne
1338		-	Arundel County; or
	1259	+	1.] any property located, or used, at or within the [Laurel 10
	1260	+	Park site or] Pimlico site; and 11
1339	1261
1340		-	(ii) the property identified as the Bowie Race Course Training
1341		-	Center under § 11–519 of the Business Regulation Article that is transferred by the owner
1342		-	of the property to a government entity].
	1262	+	[2. any portion of the Bowie Race Course Training Center 12
	1263	+	property; and] 13
1343	1264
1344		-	13–207.
	1265	+	(ii) the amount of income recognized as a result of any expenditure 14
	1266	+	of funds directly or indirectly by the State[,] OR Baltimore City[, or Anne Arundel County] 15
	1267	+	with respect to the [Laurel Park site or] Pimlico site. 16
1345	1268
1346		-	(a) An instrument of writing is not subject to transfer tax to the same extent that
1347		-	it is not subject to recordation tax under:
	1269	+	10–307. 17
1348	1270
1349		-	(26) ~~§ 12–108(hh) of~~ this ~~article (Transfer of real property within the [Laurel~~
1350		-	~~Park racing facility site,] Pimlico racing facility site,~~ ~~Pimlico site,~~ ~~or [Bowie~~ ~~Race Course~~
1351		-	~~Training Center property)], OR TRAINING FACILITY SI TE)~~.
	1271	+	(a) To the extent included in federal taxable income, the amounts under this 18
	1272	+	section are subtracted from the federal taxable income of a corporation to determine 19
	1273	+	Maryland modified income. 20
1352	1274
1353		-	13–410.
	1275	+	(g) The subtraction under subsection (a) of this section includes the amounts 21
	1276	+	allowed to be subtracted for an individual under: 22
1354	1277
1355		-	~~An instrument~~ of ~~writing is not subject to the county transfer tax to the same extent~~
1356		-	~~that it is not subject to the recordation tax under:~~
	1278	+	(1) § 10–207(i) of this title (Profits on sale or exchange of State or local 23
	1279	+	bonds); 24
1357	1280
1358		-	(1) § 12–~~108~~(cc) of this ~~article~~ (~~Certain transfers to land trusts~~); or
	1281	+	(2) § 10–207(k) of this title (Relocation and assistance payments); 25
1359	1282
1360		-	(2) § 12–108(hh) of this article (Transfer of real property within the [Laurel
1361		-	Park racing facility site,] Pimlico racing facility site, Pimlico site, or [Bowie Race Course
1362		-	Training Center property)], OR TRAINING FACILITY SI TE).
	1283	+	(3) § 10–207(m) of this title (State or local income tax refunds); 26
1363	1284
1364		-	Chapter 590 of the Acts of 2020
	1285	+	(4) § 10–207(c–1) of this title (State tax–exempt interest from mutual 27
	1286	+	funds); 28
1365	1287
1366		-	SECTION 9. AND BE IT FURTHER ENACTED, That:
	1288	+	(5) [§ 10–207(hh)] § 10–207(II) of this title (Gain on the transfer of 29
	1289	+	property within the [Laurel Park site or] Pimlico site [or Bowie Race Course Training 30
	1290	+	Center property] and income recognized as result of governmental expenditures); or 31 28 HOUSE BILL 1524
1367	1291
1368		-	(a) In addition to the funds otherwise available for racing and community
1369		-	development project costs under this Act and notwithstanding the limitations under §
1370		-	10–657.3 of the Economic Development Article, as enacted by Section 1 of this Act,
1371		-	$2,000,000 of the funds transferred to the Racing and Community Development Facilities
1372		-	Fund established under § 10–657.3 of the Economic Development Article in accordance with
1373		-	§ 9–1A–29(d)(2) of the State Government Article, as enacted by Section 1 of this Act, may
1374		-	be used: Ch. 410 2024 LAWS OF MARYLAND
1375	1292
1376		-	– 30 –
1377	1293
1378		-	(1) BEFORE JUNE 1, 2024, only to reimburse the racing licensees’ costs
1379		-	attributable to maintaining ongoing year–round racing operations, ensuring the continued
1380		-	running of the Preakness Stakes at the Pimlico site during construction, and expenses
1381		-	related to the Bowie Race Course Training Center before the conveyance of the property in
1382		-	accordance with § 11–519 of the Business Regulation Article, as enacted by Section 1 of this
1383		-	Act; AND
	1294	+	(6) § 10–207(jj) of this title (Coronavirus relief payments). 1
1384	1295
1385		-	(2) ON OR AFTER JUNE 1, 2024, BY THE MARYLAND THOROUGHBRED
1386		-	RACETRACK OPERATING AUTHORITY FOR TRANSIT IONAL, OPERATIONAL , AND
1387		-	CAPITAL COSTS AT LAUREL PARK AND OTHER USES D EEMED NECESSARY BY T HE
1388		-	AUTHORITY.
	1296	+	11–236. 2
1389	1297
1390		-	(b) The Maryland Stadium Authority shall cooperate with the racing licensee to
1391		-	identify the costs described under subsection [(a)] (A)(1) of this section and establish an
1392		-	approval process before any reimbursement is provided in accordance with subsection [(a)]
1393		-	(A)(1) of this section.
	1298	+	(a) (1) In this section the following words have the meanings indicated. 3
1394	1299
1395		-	Chapter 344 of the Acts of 2022
	1300	+	(2) (i) “Construction material” means an item of tangible personal 4
	1301	+	property that is used to construct or renovate a building, a structure, or an improvement 5
	1302	+	on land and that typically loses its separate identity as personal property once incorporated 6
	1303	+	into the real property. 7
1396	1304
1397		-	Section 1(3)
	1305	+	(ii) “Construction material” includes building materials, building 8
	1306	+	systems equipment, landscaping materials, and supplies. 9
1398	1307
1399		-	ZA00 MISCELLANEOUS GRANT PROGRAMS
	1308	+	(3) [“Laurel Park racing facility site” has the meaning stated in § 10–601 10
	1309	+	of the Economic Development Article. 11
1400	1310
1401		-	(MO) PARK HEIGHTS WORKFORCE HOUSING. PROVIDE A GRANT TO TH E
1402		-	BOARD OF DIRECTORS OF PARK HEIGHTS RENAISSANCE TO BE USE D, IN
1403		-	CONSULTATION WITH TH E DEPARTMENT OF HOUSING AND COMMUNITY
1404		-	DEVELOPMENT , THE MARYLAND THOROUGHBRED RACETRACK
1405		-	OPERATING AUTHORITY, AND THE GOVERNING BODY OF THE PIMLICO
1406		-	REDEVELOPMENT COMMUNITY COMPACT, FOR INVESTMENTS IN
1407		-	WORKFORCE HOUSING TH AT ARE CONSISTENT WI TH THE PARK HEIGHTS
1408		-	MASTER PLAN AREA ……………………………………………… 10,000,000
	1311	+	(4)] “Pimlico site” [has the meaning] AND “TRAINING FACI LITY SITE” 12
	1312	+	HAVE THE MEANINGS stated in § 10–601 of the Economic Development Article. 13
1409	1313
1410		-	~~Chapter 344~~ of ~~the Acts of 2022~~, ~~as amended by Chapter 111 of the Acts of 2023~~
	1314	+	(b) The sales and use tax does not apply to a sale of construction material, if: 14
1411	1315
1412		-	Section 1(3)
	1316	+	(1) the construction material is purchased by a person solely for use in 15
	1317	+	furtherance of the provisions of Title 10, Subtitle 6 of the Economic Development Article 16
	1318	+	for the construction or redevelopment at the [Laurel Park racing facility site or] Pimlico 17
	1319	+	site OR TRAINING FACILITY SITE; 18
1413	1320
1414		-	SA25 DIVISION OF DEVELOPMENT FINANCE
1415		-	(Statewide)
	1321	+	(2) the sale is made before January 1, [2026] 2029; and 19
1416	1322
1417		-	(B) Maryland Racing Operations Fund. Provide funds for the acquisition,
1418		-	construction, rehabilitation, or other capital expenditures for thoroughbred
1419		-	racetracks ………………………………………………………………. [10,000,000] 0
	1323	+	(3) the buyer provides the vendor with eligibility of the exemption issued 20
	1324	+	by the Comptroller. 21
1420	1325
1421		-	~~Chapter 111 of~~ the ~~Acts of 2023~~ ~~WES MOORE, Governor Ch~~. ~~410~~
	1326	+	(c) The Comptroller shall adopt regulations to implement this section. 22
1422	1327
1423		-	~~– 31~~ –
	1328	+	Article – Tax – Property 23
1424	1329
1425		-	SECTION 6. AND BE IT FURTHER ENACTED, That, except as provided in Section
1426		-	5 of this Act, this Act shall take effect June 1, 2023. Section 2 of this Act shall remain
1427		-	effective for a period of [4] 6 years and 1 month and, at the end of June 30, [2027] 2029,
1428		-	Section 2 of this Act, with no further action required by the General Assembly, shall be
1429		-	abrogated and of no further force and effect.
	1330	+	7–246. 24
1430	1331
1431		-	SECTION 4. AND BE IT FURTHER ENACTED, That it is the intent of the General
1432		-	Assembly that:
	1332	+	(a) In this section, [“Laurel Park racing facility site” and] “Pimlico racing facility 25
	1333	+	site” AND “TRAINING FACILITY SI TE” have the meanings stated in § 10–601 of the 26
	1334	+	Economic Development Article. 27
1433	1335
1434		-	(1) the Maryland Jockey Club transfer, in accordance with the Pimlico
1435		-	Transfer Agreement, ownership of the Pimlico racing facility site to the Maryland
1436		-	Thoroughbred Racetrack Operating Authority;
	1336	+	(b) An interest of a person in an improvement at the [Laurel Park racing facility 28
	1337	+	site or] Pimlico racing facility site OR TRAINING FACILITY SITE or an interest of a person 29 HOUSE BILL 1524 29
1437	1338
1438		-	(2) on or before January 1, 2025:
1439	1339
1440		-	(i) the Maryland Jockey Club or an affiliate make Laurel Park
1441		-	available to the Maryland Thoroughbred Racetrack Operating Authority for use as a
1442		-	transition facility while new racing facilities are constructed at the Pimlico racing facility
1443		-	site and a new training facility is constructed; and
	1340	+	in the real property of the [Laurel Park racing facility site or] Pimlico racing facility site 1
	1341	+	OR TRAINING FACILITY SITE is not subject to property tax for the duration of: 2
1444	1342
1445		-	(ii) the Maryland Jockey Club or an affiliate and Laurel Racing
1446		-	Association Limited Partnership transfer the right to conduct all thoroughbred horse racing
1447		-	in the State to the Maryland Thoroughbred Racetrack Operating Authority or its designees
1448		-	except that the Maryland Jockey Club or an affiliate may conduct the Preakness Stakes,
1449		-	the Black–Eyed Susan Stakes, and related undercard races in 2025 at the Pimlico racing
1450		-	facility site and Laurel Park in 2026;
	1343	+	(1) with respect to the Pimlico racing facility site, the long–term agreement 3
	1344	+	described under [§ 10–646.1(d)(2)(i)] § 10–646.1(D) of the Economic Development Article; 4
	1345	+	or 5
1451	1346
1452		-	(3) (iii) on or before July 1, 2026, the Maryland Jockey Club or an
1453		-	affiliate and Maryland Thoroughbred Racetrack Operating Authority enter into a licensing
1454		-	agreement for the intellectual property related to the Preakness Stakes and the
1455		-	Black–Eyed Susan Stakes; and
	1347	+	(2) with respect to the [Laurel Park racing facility site] TRAINING 6
	1348	+	FACILITY SITE, the long–term agreement described under [§ 10–646.1(d)(2)(ii)] § 7
	1349	+	10–646.1(D) of the Economic Development Article. 8
1456	1350
1457		-	(4) (iv) on or before January 1, 2027, the Maryland Jockey Club or an
1458		-	affiliate and the Laurel Racing Association Limited Partnership enter into a long–term
1459		-	loan agreement with the Maryland Thoroughbred Racetrack Operating Authority granting
1460		-	the Authority the right to display the Woodlawn Vase at any location of the Authority’s
1461		-	choosing;
	1351	+	12–108. 9
1462	1352
1463		-	(5) (3) the ownership of the Maryland Jockey Club and Pimlico names
1464		-	and trademarks be transferred to the Maryland Thoroughbred Racetrack Operating
1465		-	Authority; and
	1353	+	(hh) (1) In this subsection, [“Laurel Park racing facility site”,] “MJC Entities”, 10
	1354	+	“Pimlico racing facility site”, “Pimlico site”, [and] “project entities”, AND “TRAINING 11
	1355	+	FACILITY SITE” have the meanings stated in § 10–601 of the Economic Development 12
	1356	+	Article. 13
1466	1357
1467		-	(6) (4) the Maryland Jockey Club and Laurel Racing Association
1468		-	Limited Partnership transfer to the Maryland Thoroughbred Racetrack Operating
1469		-	Authority: Ch. 410 2024 LAWS OF MARYLAND
	1358	+	(2) An instrument of writing is not subject to recordation tax if the 14
	1359	+	instrument of writing transfers or grants a security interest in property that is[: 15
1470	1360
1471		-	– 32 –
	1361	+	(i)] located at or within the [Laurel Park racing facility site,] Pimlico 16
	1362	+	racing facility site, [or] Pimlico site, OR TRAINING FACILITY SITE and the transfer or 17
	1363	+	grant is by any combination of project entities, MJC Entities, Baltimore City, OR an entity 18
	1364	+	designated by Baltimore City[, Anne Arundel County, or an entity designated by Anne 19
	1365	+	Arundel County; or 20
1472	1366
1473		-	(i) all personal property and equipment at the Pimlico racing facility
1474		-	site necessary to operate year–round racing and to use the personal property and
1475		-	equipment at Laurel Park during the period that the Pimlico racing facility site is under
1476		-	construction;
	1367	+	(ii) the property identified as the Bowie Race Course Training 21
	1368	+	Center under § 11–519 of the Business Regulation Article that is transferred by the owner 22
	1369	+	of the property to a government entity]. 23
1477	1370
1478		-	~~(ii) the Maryland Thoroughbred Purse Account; and~~
	1371	+	13–207. 24
1479	1372
1480		-	(~~iii~~) on the ~~agreement of the parties,~~ ~~material contracts, permits, and~~
1481		-	~~licenses applicable~~ to ~~the Pimlico Racetrack.~~
	1373	+	(a) An instrument of writing is not subject to transfer tax to the same extent that 25
	1374	+	it is not subject to recordation tax under: 26
1482	1375
1483		-	SECTION 5. AND BE IT FURTHER ENACTED, That:
	1376	+	(26) § 12–108(hh) of this article (Transfer of real property within the [Laurel 27
	1377	+	Park racing facility site,] Pimlico racing facility site, Pimlico site, or [Bowie Race Course 28
	1378	+	Training Center property)], OR TRAINING FACILITY SITE). 29
1484	1379
1485		-	(a) On or before June 30, 2024, the unencumbered fund balance, including
1486		-	accrued interest, that is allocated to the Rosecroft Raceway under the Racetrack Facility
1487		-	Renewal Account shall be transferred to the Racing and Community Development
1488		-	Facilities Fund established under § 10–657.3 of the Economic Development Article.
	1380	+	13–410. 30
1489	1381
1490		-	~~(b)~~ The ~~funds described under subsection (a) of this section may be used by~~ the
1491		-	~~Maryland Thoroughbred Racetrack Operating Authority for transitional,~~ ~~operational, and~~
1492		-	~~capital costs at Laurel Park and other uses deemed necessary by the Authority.~~
	1382	+	An instrument of writing is not subject to the county transfer tax to the same extent 31
	1383	+	that it is not subject to the recordation tax under: 32
	1384	+	30 HOUSE BILL 1524
1493	1385
1494		-	SECTION 6. AND BE IT FURTHER ENACTED, That the Governor may transfer by
1495		-	budget amendment for fiscal year 2025 an amount not exceeding $10,000,000 from the
1496		-	Racing and Community Development Financing Fund to the Maryland Racing Operations
1497		-	Fund established under § 10–1008 of the Economic Development Article to be used by the
1498		-	Maryland Thoroughbred Racetrack Operating Authority, or a nonprofit organization
1499		-	designated by the Authority, as working capital.
1500	1386
1501		-	SECTION 6. 7. AND BE IT FURTHER ENACTED, That it is the intent of the
1502		-	General Assembly that this Act is consistent with the terms set forth in the executed
1503		-	Pimlico Redevelopment Community Compact.
	1387	+	(1) § 12–108(cc) of this article (Certain transfers to land trusts); or 1
1504	1388
1505		-	SECTION 8. AND BE IT FURTHER ENACTED, That, prior to the expiration of the
1506		-	sunset provision under Chapter 111 of the Acts of 2023, as amended by Section 3 of this
1507		-	Act, the Maryland Thoroughbred Racetrack Operating Authority shall transfer or assign
1508		-	all obligations in accordance with the transaction agreements described under Section 4 of
1509		-	this Act.
	1389	+	(2) § 12–108(hh) of this article (Transfer of real property within the [Laurel 2
	1390	+	Park racing facility site,] Pimlico racing facility site, Pimlico site, or [Bowie Race Course 3
	1391	+	Training Center property)], OR TRAINING FACILITY SI TE). 4
1510	1392
1511		-	SECTION 7. 9. AND BE IT FURTHER ENACTED, That this Act shall take effect
1512		-	June 1, 2024.
	1393	+	Chapter 590 of the Acts of 2020 5
1513	1394
1514		-	Approved by the Governor, May 9, 2024.
	1395	+	SECTION 9. AND BE IT FURTHER ENACTED, That: 6
	1396	+
	1397	+	(a) In addition to the funds otherwise available for racing and community 7
	1398	+	development project costs under this Act and notwithstanding the limitations under § 8
	1399	+	10–657.3 of the Economic Development Article, as enacted by Section 1 of this Act, 9
	1400	+	$2,000,000 of the funds transferred to the Racing and Community Development Facilities 10
	1401	+	Fund established under § 10–657.3 of the Economic Development Article in accordance with 11
	1402	+	§ 9–1A–29(d)(2) of the State Government Article, as enacted by Section 1 of this Act, may 12
	1403	+	be used: 13
	1404	+
	1405	+	(1) BEFORE JUNE 1, 2024, only to reimburse the racing licensees’ costs 14
	1406	+	attributable to maintaining ongoing year–round racing operations, ensuring the continued 15
	1407	+	running of the Preakness Stakes at the Pimlico site during construction, and expenses 16
	1408	+	related to the Bowie Race Course Training Center before the conveyance of the property in 17
	1409	+	accordance with § 11–519 of the Business Regulation Article, as enacted by Section 1 of this 18
	1410	+	Act; AND 19
	1411	+
	1412	+	(2) ON OR AFTER JUNE 1, 2024, BY THE MARYLAND THOROUGHBRED 20
	1413	+	RACETRACK OPERATING AUTHORITY FOR TRANSIT IONAL, OPERATIONAL , AND 21
	1414	+	CAPITAL COSTS AT LAUREL PARK AND OTHER USES D EEMED NECESSARY BY T HE 22
	1415	+	AUTHORITY. 23
	1416	+
	1417	+	(b) The Maryland Stadium Authority shall cooperate with the racing licensee to 24
	1418	+	identify the costs described under subsection [(a)] (A)(1) of this section and establish an 25
	1419	+	approval process before any reimbursement is provided in accordance with subsection [(a)] 26
	1420	+	(A)(1) of this section. 27
	1421	+
	1422	+	Chapter 344 of the Acts of 2022 28
	1423	+
	1424	+	Section 1(3) 29
	1425	+
	1426	+	ZA00 MISCELLANEOUS GRANT PROGRAMS 30
	1427	+
	1428	+	(MO) PARK HEIGHTS WORKFORCE HOUSING. PROVIDE A GRANT TO TH E 31
	1429	+	BOARD OF DIRECTORS OF PARK HEIGHTS RENAISSANCE TO BE USE D, IN 32
	1430	+	CONSULTATION WITH TH E DEPARTMENT OF HOUSING AND COMMUNITY 33
	1431	+	DEVELOPMENT , THE MARYLAND THOROUGHBRED RACETRACK 34 HOUSE BILL 1524 31
	1432	+
	1433	+
	1434	+	OPERATING AUTHORITY, AND THE GOVERNING BO DY OF THE PIMLICO 1
	1435	+	REDEVELOPMENT COMMUNITY COMPACT, FOR INVESTMENTS IN 2
	1436	+	WORKFORCE HOUSING TH AT ARE CONSISTENT WI TH THE PARK HEIGHTS 3
	1437	+	MASTER PLAN AREA ……………………………………………… 10,000,000 4
	1438	+
	1439	+	Chapter 344 of the Acts of 2022, as amended by Chapter 111 of the Acts of 2023 5
	1440	+
	1441	+	Section 1(3) 6
	1442	+
	1443	+	SA25 DIVISION OF DEVELOPMENT FINANCE 7
	1444	+	(Statewide) 8
	1445	+
	1446	+	(B) Maryland Racing Operations Fund. Provide funds for the acquisition, 9
	1447	+	construction, rehabilitation, or other capital expenditures for thoroughbred 10
	1448	+	racetracks ………………………………………………………………. [10,000,000] 0 11
	1449	+
	1450	+	Chapter 111 of the Acts of 2023 12
	1451	+
	1452	+	SECTION 6. AND BE IT FURTHER ENACTED, That, except as provided in Section 13
	1453	+	5 of this Act, this Act shall take effect June 1, 2023. Section 2 of this Act shall remain 14
	1454	+	effective for a period of [4] 6 years and 1 month and, at the end of June 30, [2027] 2029, 15
	1455	+	Section 2 of this Act, with no further action required by the General Assembly, shall be 16
	1456	+	abrogated and of no further force and effect. 17
	1457	+
	1458	+	SECTION 4. AND BE IT FURTHER ENACTED, That it is the intent of the General 18
	1459	+	Assembly that: 19
	1460	+
	1461	+	(1) the Maryland Jockey Club transfer, in accordance with the Pimlico 20
	1462	+	Transfer Agreement, ownership of the Pimlico racing facility site to the Maryland 21
	1463	+	Thoroughbred Racetrack Operating Authority; 22
	1464	+
	1465	+	(2) on or before January 1, 2025: 23
	1466	+
	1467	+	(i) the Maryland Jockey Club or an affiliate make Laurel Park 24
	1468	+	available to the Maryland Thoroughbred Racetrack Operating Authority for use as a 25
	1469	+	transition facility while new racing facilities are constructed at the Pimlico racing facility 26
	1470	+	site and a new training facility is constructed; and 27
	1471	+
	1472	+	(ii) the Maryland Jockey Club or an affiliate and Laurel Racing 28
	1473	+	Association Limited Partnership transfer the right to conduct all thoroughbred horse racing 29
	1474	+	in the State to the Maryland Thoroughbred Racetrack Operating Authority or its designees 30
	1475	+	except that the Maryland Jockey Club or an affiliate may conduct the Preakness Stakes, 31
	1476	+	the Black–Eyed Susan Stakes, and related undercard races in 2025 at the Pimlico racing 32
	1477	+	facility site and Laurel Park in 2026; 33
	1478	+	32 HOUSE BILL 1524
	1479	+
	1480	+
	1481	+	(3) (iii) on or before July 1, 2026, the Maryland Jockey Club or an 1
	1482	+	affiliate and Maryland Thoroughbred Racetrack Operating Authority enter into a licensing 2
	1483	+	agreement for the intellectual property related to the Preakness Stakes and the 3
	1484	+	Black–Eyed Susan Stakes; and 4
	1485	+
	1486	+	(4) (iv) on or before January 1, 2027, the Maryland Jockey Club or an 5
	1487	+	affiliate and the Laurel Racing Association Limited Partnership enter into a long–term 6
	1488	+	loan agreement with the Maryland Thoroughbred Racetrack Operating Authority granting 7
	1489	+	the Authority the right to display the Woodlawn Vase at any location of the Authority’s 8
	1490	+	choosing; 9
	1491	+
	1492	+	(5) (3) the ownership of the Maryland Jockey Club and Pimlico names 10
	1493	+	and trademarks be transferred to the Maryland Thoroughbred Racetrack Operating 11
	1494	+	Authority; and 12
	1495	+
	1496	+	(6) (4) the Maryland Jockey Club and Laurel Racing Association 13
	1497	+	Limited Partnership transfer to the Maryland Thoroughbred Racetrack Operating 14
	1498	+	Authority: 15
	1499	+
	1500	+	(i) all personal property and equipment at the Pimlico racing facility 16
	1501	+	site necessary to operate year–round racing and to use the personal property and 17
	1502	+	equipment at Laurel Park during the period that the Pimlico racing facility site is under 18
	1503	+	construction; 19
	1504	+
	1505	+	(ii) the Maryland Thoroughbred Purse Account; and 20
	1506	+
	1507	+	(iii) on the agreement of the parties, material contracts, permits, and 21
	1508	+	licenses applicable to the Pimlico Racetrack. 22
	1509	+
	1510	+	SECTION 5. AND BE IT FURTHER ENACTED, That: 23
	1511	+
	1512	+	(a) On or before June 30, 2024, the unencumbered fund balance, including 24
	1513	+	accrued interest, that is allocated to the Rosecroft Raceway under the Racetrack Facility 25
	1514	+	Renewal Account shall be transferred to the Racing and Community Development 26
	1515	+	Facilities Fund established under § 10–657.3 of the Economic Development Article. 27
	1516	+
	1517	+	(b) The funds described under subsection (a) of this section may be used by the 28
	1518	+	Maryland Thoroughbred Racetrack Operating Authority for transitional, operational, and 29
	1519	+	capital costs at Laurel Park and other uses deemed necessary by the Authority. 30
	1520	+
	1521	+	SECTION 6. AND BE IT FURTHER ENACTED, That the Governor may transfer by 31
	1522	+	budget amendment for fiscal year 2025 an amount not exceeding $10,000,000 from the 32
	1523	+	Racing and Community Development Financing Fund to the Maryland Racing Operations 33
	1524	+	Fund established under § 10–1008 of the Economic Development Article to be used by the 34
	1525	+	Maryland Thoroughbred Racetrack Operating Authority, or a nonprofit organization 35
	1526	+	designated by the Authority, as working capital. 36
	1527	+	HOUSE BILL 1524 33
	1528	+
	1529	+
	1530	+	SECTION 6. 7. AND BE IT FURTHER ENACTED, That it is the intent of the 1
	1531	+	General Assembly that this Act is consistent with the terms set forth in the executed 2
	1532	+	Pimlico Redevelopment Community Compact. 3
	1533	+
	1534	+	SECTION 8. AND BE IT FURTHER ENACTED, That, prior to the expiration of the 4
	1535	+	sunset provision under Chapter 111 of the Acts of 2023, as amended by Section 3 of this 5
	1536	+	Act, the Maryland Thoroughbred Racetrack Operating Authority shall transfer or assign 6
	1537	+	all obligations in accordance with the transaction agreements described under Section 4 of 7
	1538	+	this Act. 8
	1539	+
	1540	+	SECTION 7. 9. AND BE IT FURTHER ENACTED, That this Act shall take effect 9
	1541	+	June 1, 2024. 10
	1542	+
	1543	+
	1544	+
	1545	+
	1546	+	Approved:
	1547	+	________________________________________________________________________________
	1548	+	Governor.
	1549	+	________________________________________________________________________________
	1550	+	Speaker of the House of Delegates.
	1551	+	________________________________________________________________________________
	1552	+	President of the Senate.