Maryland SB762 alters the Racetrack Facility Renewal Account Grants, affecting Rosecroft Raceway and Ocean Downs Race Course.
Maryland SB762 modifies the Racetrack Facility Renewal Account Grants, impacting Rosecroft Raceway and Ocean Downs Race Course. If Rosecroft Raceway closes and ceases live racing, its unencumbered fund balance from the Account will transfer to Ocean Downs Race Course. The bill mandates that racing licensees submit capital construction plans to the State Racing Commission for approval. It also requires the Commission to monitor these plans and ensure live racing days.
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- Legal Framework
- Critical Issues
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