§10–1004.    IN EFFECT

    // EFFECTIVE UNTIL JUNE 30, 2027 PER CHAPTER 111 OF 2023 //

    (a)    (1)    Subject to paragraph (2) of this subsection, the Authority consists of:

            (i)    the following members appointed by the Governor with the advice and consent of the Senate:

                1.    one member from a list of two individuals nominated by the Maryland Thoroughbred Horsemen’s Association;

                2.    one member from a list of two individuals nominated by the Maryland Horse Breeders Association; and

                3.    three other members who possess relevant industry, business, or government experience:

                A.    at least one of whom shall have experience in real estate development or the financial services industries; and

                B.    one of whom shall serve as Chair;

            (ii)    the Chair or Executive Director of the Maryland Stadium Authority, or the designee of the Chair or Executive Director;

            (iii)    the Chair or Executive Director of the Maryland Economic Development Corporation, or the designee of the Corporation’s Board of Directors;

            (iv)    one member who is not an elected official, appointed by the President of the Senate;

            (v)    one member who is not an elected official, appointed by the Speaker of the House;

            (vi)    the following nonvoting, ex officio members, appointed by the Governor:

                1.    one member of the community who resides near Laurel Park Race Course;

                2.    one member of the community who resides near Pimlico Race Course; and

                3.    one member of the community who resides near the Bowie Race Course Training Center property; and

            (vii)    one nonvoting, ex officio member of the State Racing Commission, designated by a majority of the members of the State Racing Commission.

        (2)    A majority of the members of the Authority may not have a direct interest in thoroughbred horse racing as an owner, trainer, or licensee.

    (b)    (1)    The term of a member is 4 years.

        (2)    At the end of a term, a member continues to serve until a successor is appointed and qualifies.

        (3)    The terms of the initial five members appointed by the Governor shall be staggered.

    (c)    (1)    Five members of the Authority are a quorum.

        (2)    Action by the Authority requires the affirmative vote of at least five members of the Authority.

    (d)    A member of the Authority:

        (1)    may not receive compensation as a member of the Authority; and

        (2)    is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.