Md. Code Regs. 09.10.02.54 - Payments to Maryland Standardbred Race Fund
A. For each harness track meet, any moneys
allocated to the Maryland Standardbred Race Fund and required to be paid to the
Maryland Racing Commission by the licensee, will be paid to the Commission
within 5 days after the close of the meet, or the outstanding balance will
after that bear interest at the prime rate, as presently published in the Wall
Street Journal under Money Rates for the publication date of the 5th day, or
the immediately preceding publication date if the 5th day is not a publication
date, on a per diem basis until available funds are paid the Commission for the
outstanding amount due, including interest.
B. In this chapter, "meet" means a specified
period of consecutive days when an association is licensed by the Commission to
conduct racing.
Notes
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