Section 11-404.1 - Allocations from Special Fund. - Maryland Statutes

§ 11-404.1. Allocations from Special Fund.
 

After all deductions from the Special Fund as required under §§ 11-403 and 11-404 of this subtitle are made, the Comptroller shall pay from the Special Fund an annual grant of: 

(1) $300,000 to be allocated in the following way: 

(i) 70% to the Maryland-Bred Race Fund; and 

(ii) 30% to the Maryland Standardbred Race Fund, to be divided equally between the Sire Stakes Program and the Foaled Stakes Program; and 

(2) $260,000 to the Maryland Agricultural Education and Rural Development Assistance Fund established under § 2-206 of the State Finance and Procurement Article, with $130,000 to be allocated to support the operations of the Rural Maryland Council. 
 

[2005, ch. 410.]