Horse Racing - Racetrack Facility Renewal Account Grants - Alterations

Summary

The bill lets a designated horse‑racing licensee receive a capital‑construction grant from the Racetrack Facility Renewal Account even if it does not provide a matching contribution. In exchange, the licensee must hold live racing in Maryland for at least ten years after the construction is completed. The State Racing Commission may recapture the grant under certain conditions.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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