11.__Change in ownership of commercial track licensee.__ Notwithstanding the provisions of subsection 1, a voluntary change in the ownership, legal or equitable, of more than 50% of a business entity licensed to operate a commercial track does not effect a revocation of that license as long as the transfer is approved in advance by the commission, and an involuntary transfer of more than 50% of the stock of such a business entity does not effect a revocation of such a license as long as the transfer is approved by the commission within 180 days of the involuntary transfer.

12.__Change in ownership of off-track betting facility.__ Notwithstanding anything to the contrary, a voluntary change in the ownership, legal or equitable, of more than 50% of a business entity licensed to operate as an off-track betting facility does not effect a revocation of that license as long as the transfer is approved in advance by the commission, and an involuntary transfer of more than 50% of the stock of such a business entity does not effect a revocation of such a license as long as the transfer is approved by the commission within 180 days of the involuntary transfer.

Sec. 4. 8 MRSA §275-A, sub-§1, ¶¶A and B, as repealed and replaced by PL 1999, c. 482, §2 and affected by §10, are amended to read:

A. If the population of the region is 300,000 or more, based on the 1990 U.S. Census, conducted racing on more than 100 days in each of the previous 2 calendar years, except that, if a racetrack that qualifies as a commercial track under this paragraph ceases operation, a separate racetrack operated by the owner or operator of the racetrack that,t ceased operation qualifies as a commercial track and for all purposes is considered the same track as the track it replaces if the population of the region of that separate racetrack is 300,000 or more, based on the 1990 United States Census, and the sum of the live race days conducted at the track that ceased operation and the separate racetrack equals at least 100 in each of the 2 preceding calendar years; or

B. If the population of the region is less than 300,000, based on the 1990 U.S. Census, conducted racing on more than 25 days in each of the previous 2 calendar years, except that, if a racetrack that qualifies a commercial track under this paragraph ceases operation, a separate racetrack operated by the owner or operator of the racetrack that