Maryland-Bred Race Fund Advisory Committee
David Hayden, Chairperson
The Committee consists of five members appointed to one year terms by the Maryland Racing Commission with the approval of the Secretary of Labor, Licensing and Regulation. Two members represent the Maryland Horse Breeders' Association, one represents the mile track associations, and one the half-mile track associations. One is a member of the Maryland Racing Commission. Authorization for the Committee continues until July 1, 2001 (Code Business Regulation Article, Sections 11-529 through 11-541).
In 1962, the Maryland-Bred Race Fund Advisory Committee was created to administer the Maryland-Bred Race Program and the Maryland-Bred Race Fund (Chapter 137, Acts of 1962). The Fund is supported by an assessment on each thoroughbred track licensee of a portion of the mutual pool on all bets made. The Fund is apportioned between purses for races involving Maryland-bred horses and payments to breeders as stallion and breeder awards, as well as to owners of Maryland-bred horses.