Maryland Racetrack Authority Bill Passes House, Heads to Governor’s Desk

Laws which is able to create the Maryland Thoroughbred Racetrack Working Authority (MTROA) was handed by the state’s Home of Representatives by a vote of 132-2 on Apr. 10, the final day of the state’s 2023 Normal Meeting session. Beforehand Senate Invoice 720 , which is designed to take part within the growth of racing and coaching amenities within the state and function in the very best pursuits of Thoroughbred racing, handed the state Senate by a 47-0 vote Apr. 6.

The invoice additionally states that, “If crucial, the authority will handle and oversee day-to-day racing operations and stay racing days and, in coordination with the Maryland Financial Growth Corp., purchase property for operations; enter into any agreements, leases, partnerships or contracts wanted for pari-mutuel wagering and compliance with guidelines and rules.”

The invoice additionally would, “prop up a brand new possession group for racing and coaching,” ought to the The Stronach Group (1/ST Racing), the proprietor/operator of the Maryland Jockey Membership’s Laurel Race Course and Pimlico, exits racing within the state.

5 members of the MTROA shall be appointed by the governor–considered one of two nominated by the Maryland Thoroughbred Horsemen’s Affiliation (MTHA), considered one of two nominated by the Maryland Horse Breeders Affiliation (MHBA), and three different members who possess related business, enterprise or authorities expertise, together with one in actual property or finance. Different members are the Chair or Government Director of the each the Maryland State Archives (MSA) and the Maryland Financial Division (MEDCO), one who just isn’t an elected official appointed by the Senate President and one who just isn’t an elected official appointed by the Speaker of the Home. Moreover, three non-voting ex-officio members shall be appointed by the governor–one who resides close to Laurel, one who resides close to Pimlico, and one who resides close to the previous Bowie Coaching Heart, which is being given to town of Bowie and College of Bowie. The opposite non-voting ex-officio member will come from the Maryland Racing Fee.

The MTROA shall be in place for 4 years and one month however may very well be prolonged by means of statutory modifications if crucial. The invoice, which is ready to take impact on Jun. 1, now heads to the desk of Governor Wes Extra, who is predicted to signal it.