LD 1820
pg. 2
Page 1 of 39 An Act To Establish the Gambling Control Board To License and Regulate Slot Mac... Page 3 of 39
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LR 2664
Item 1

 
A. Sixty percent of these funds must be distributed to all
entities licensed as agricultural fairs by the department that
during the previous year were licensed to and did accept pari-
mutuel wagers on harness horse races.__Each licensed entity
must receive a proportionate distribution based upon the
number of days in the preceding year each licensee conducted
live races during its regular fair meet. The funds must be
used by the fairs to supplement purses; and

 
B. Forty percent of these funds must be divided among all
entities licensed as agricultural fairs by the department.
These funds must be distributed in the same proportion as
funds distributed for premium payments made pursuant to
section 64 and may be used at the fairs' discretion.

 
Sec. A-3. 8 MRSA §298 is enacted to read:

 
§298. Fund to supplement harness racing purses

 
1. Fund created.__A fund is established to supplement harness
racing purses to which the commission shall credit all payments
received pursuant to section 1036, subsection 1, paragraph B,
subparagraph (2) for distribution in accordance with this
section.

 
2. Distribution.__On May 30th, September 30th and January
30th, all amounts credited to the fund established by this
section as of the last day of the preceding month and not
distributed before that day must be distributed to each
commercial track licensed under section 271, with each track
receiving an amount of money determined by multiplying the amount
of money available for distribution by a fraction, the numerator
of which is the total number of live race days conducted by the
commercial track during the preceding time period and the
denominator of which is the total number of race days conducted
by all commercial tracks licensed under section 271 during that
time period.__The payment in January must be adjusted so that for
the prior 3 time periods each commercial track receives a portion
of the total money distributed over the full year from the fund
established by this section, the amount determined by multiplying
the total amount of money by a fraction, the numerator of which
is the number of live race days conducted by the commercial track
during the calendar year and the denominator of which is the
total number of race days conducted by all commercial tracks
licensed under section 271 during that calendar year.__All funds
distributed pursuant to this section must be used to supplement
harness racing purses.


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