| | | Every person, association or corporation licensed under this | | chapter shall, before said license is issued, give bond or | | irrevocable letter of credit to the State in such reasonable | | sum, not exceeding $100,000, as may be fixed by the | | commission, with a surety or sureties to be approved by the | | commission, conditioned to faithfully make the payments | | prescribed by this chapter and to keep its books and records | | and make reports as provided, and to conduct its racing in | | conformity with this chapter and the rules and regulations | | prescribed by the commission. |
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| | | Sec. 7. 8 MRSA §272-A, as amended by PL 1999, c. 482, §1, is | | repealed. |
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| | | Sec. 8. 8 MRSA §272-B is enacted to read: |
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| | | §272-B.__Association funding |
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| | | The licensee, as described in section 271, may pay up to 1 | | 1/2% of all amounts generated for the purpose of supplementing | | purses, as described in section 286, to an association of | | horsemen. |
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| | | Sec. 9. 8 MRSA §275-A, sub-§1, ¶¶A and B, as repealed and replaced by | | PL 1999, c. 482, §2 and affected by §10, are amended to read: |
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| | | 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 ceased operation qualifies as a commercial | | track, and for all purposes is considered the same | | commercial track, as the track that ceased operation if | | the population of the region of that separate racetrack is | | 300,000 or more, based on the 1990 U.S. Census, and the | | sum of the number of days on which racing was conducted at | | the track that ceased operation and the number of days on | | which racing was conducted at the separate racetrack | | equals at least 100 days in each of the 2 preceding | | calendar years; or |
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| | | 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 as a commercial track under this | | paragraph ceases operation, a separate racetrack operated by | | the owner or operator of the racetrack that ceased operation | | qualifies as a commercial track, and for all purposes is | | considered the same commercial track as the |
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