Section 11-319 - Administration of pension funds. - Maryland Statutes

§ 11-319. Administration of pension funds.
 

(a)  Maryland Backstretch Employees Pension Fund.- The Maryland Backstretch Employees Pension Fund shall be administered by the organization that represents a majority of the owners and trainers who race thoroughbred horses in the State. 

(b)  Maryland Race Track Employees Pension Fund.- The Maryland Race Track Employees Pension Fund shall be administered by representatives of: 

(1) each mile thoroughbred racing licensee; 

(2) the Maryland State Fair and Agricultural Society, Inc.; and 

(3) the employees of the licensees and of the Maryland State Fair and Agricultural Society, Inc. 

(c)  Maryland Harness Track Employees Pension Fund.- The Maryland Harness Track Employees Pension Fund shall be administered by representatives of each harness racing licensee and its employees. 
 

[An. Code 1957, art. 78B, §§ 11, 16, 17; 1992, ch. 4, § 2.]