Code of Maryland Regulations
Title 09 - MARYLAND DEPARTMENT OF LABOR
Subtitle 10 - RACING COMMISSION
Chapter 09.10.06 - New Racetrack License
Section 09.10.06.40 - Out-of-State Distributions
Current through Register Vol. 51, No. 19, September 20, 2024
The application documents shall state the amount of money that will be paid by the association, during each of the first 5 years of operation, to entities located outside Maryland as:
A. Payments of profit or other distributions to investors residing outside Maryland;
B. Interest on debt with lenders located outside Maryland;
C. Payment for supplies purchased from, or services rendered by, entities based outside Maryland other than the management company;
D. Payments to the management company as reimbursement for expenses or as payment for services;
E. Rent for facilities or equipment owned by entities based outside Maryland; and
F. Any other payments to out-of-State entities.
