| E. With respect to agricultural societies seeking licenses | to conduct harness racing meets at the time of their annual | fairs, the scheduling of agricultural fairs determined by | the Commissioner of Agriculture, Food and Rural Resources | pursuant to Title 7, sections 65 83 and 65-A 84; |
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| | Sec. 6. 8 MRSA §287, sub-§3, as enacted by PL 1997, c. 528, §46, is | amended to read: |
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| | 3. Payment to Stipend Fund. Nine percent of the revenue | credited to the General Fund under this section that is | attributable to amounts in excess of $35,000,000 must be | distributed to the Stipend Fund as provided in Title 7, section | 62 86. |
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| | Sec. 7. 8 MRSA §289, as enacted by PL 1997, c. 528, §46, is amended | to read: |
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| §289. Payment to Stipend Fund share |
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| | 1. Initial distribution to Stipend Fund. The Treasurer of | State shall credit .189% of the commission on regular wagers made | to interstate commingled pools, .402% of the commission on exotic | wagers made to interstate commingled pools, 0.72% of the regular | wagers made to all other pools and 0.49% of the exotic wagers | made to all other pools to the Stipend Fund as provided in Title | 7, section 62 86 and shall distribute the balance as provided in | subsection 2. |
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| | 2. Extended meet account. The Treasurer of State shall | distribute the balance of the amount calculated as Stipend Fund | share as follows. |
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| A. The first $400,000 of the total amount, regardless of | when actually collected, must be credited to the Stipend | Fund as provided in Title 7, section 62 86. |
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| B. From the balance of the total amount in excess of $400,000, | regardless of when actually collected, 80% must be paid and | returned no later than 30 days after the end of the calendar year | to those persons, associations and corporations that during that | calendar year conducted an extended meet pursuant to a license | granted by the commission in section 271. This payment must be | divided in the proportion that the contributions of regular and | exotic wagers to pari-mutuel pools on live racing made or | conducted at the extended meets of each racing licensee during | that calendar year bear to the total contributions of regular and | exotic wagers to pari-mutuel pools on live racing made or |
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