Maine Revised Statutes Title 8 Sec. 276-B – Commercial track ceases operation; entitled to funds
Current as of: 2023 | Check for updates
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Terms Used In Maine Revised Statutes Title 8 Sec. 276-B
- Commercial track: means any harness horse racing track that is a for-profit business and is licensed under this chapter to conduct harness horse racing with pari-mutuel wagering that is not associated with an agricultural fair as defined in Title 7, section 81 and that:
A. See Maine Revised Statutes Title 8 Sec. 275-ALicensee: means a person licensed under section 271 or section 275?D to conduct pari-mutuel wagering on horse racing in this State. See Maine Revised Statutes Title 8 Sec. 275-A Race date: means a scheduled date awarded by the commission pursuant to section 271 for which there is a racing program of not less than 8 separate live races. See Maine Revised Statutes Title 8 Sec. 275-A
Other than funds used exclusively to pay harness racing purses, a commercial track that ceases operation is entitled to distribution of all funds maintained by the State under this chapter based on the number of race days conducted by that commercial track up to and including the final race date conducted by that commercial track. Payments due from a commercial track that ceases operation to any in-state commercial track, agricultural fair or off-track wagering licensee must be made from the funds under this section prior to distribution to the commercial track that has ceased operation. [PL 2017, c. 475, Pt. A, §10 (AMD).]
SECTION HISTORY
PL 2013, c. 490, §4 (NEW). PL 2017, c. 231, §19 (AMD). PL 2017, c. 475, Pt. A, §10 (AMD).