(a) The Maryland Backstretch Employees Pension Fund shall be administered by the organization that represents a majority of the owners and trainers who race thoroughbred horses in the State.
(b) The Maryland Race Track Employees Pension Fund shall be administered by representatives of:
(1) each mile thoroughbred racing licensee;
(2) the Maryland State Fair and Agricultural Society, Inc.; and
(3) the employees of the licensees and of the Maryland State Fair and Agricultural Society, Inc.
(c) The Maryland Harness Track Employees Pension Fund shall be administered by representatives of each harness racing licensee and its employees.
Structure Maryland Statutes
Subtitle 3 - Licensing and Responsibilities of Licensees
Section 11-301 - "Beneficial Ownership" Defined
Section 11-302 - License Required
Section 11-303 - Applications for Licenses
Section 11-304 - Issuance of License
Section 11-305 - Controls on Licensees
Section 11-306 - No Right of Ownership in Racing Day
Section 11-307 - Return of Fees; Award of Replacement Days
Section 11-308 - Denials, Reprimands, Suspensions, and Revocations -- Grounds; Penalty
Section 11-309 - Denials, Reprimands, Suspensions, and Revocations -- Hearings
Section 11-310 - Racing Commission Hearing Committee
Section 11-311 - Judicial Review
Section 11-312 - Fingerprints; Criminal History Record
Section 11-313 - Financial Disclosure by Licensees
Section 11-314 - Beneficial Ownership
Section 11-315 - Disclosure Statements to Be Signed Under Oath
Section 11-316 - Background Review of Prospective Buyers
Section 11-318 - Approval Required for Agreements and Improvements