(a) In this section, “Arabian breed horse” means a horse that:
(1) is a purebred Arabian breed horse; and
(2) has a valid certificate of registry with the Arabian Jockey Club of America.
(b) A licensee at the Fair Hill Natural Resources Management Area may conduct live racing of Arabian breed horses if:
(1) the purse for an Arabian breed race is funded by the licensee or the sponsor of the race;
(2) the takeout provisions of § 11-704 of this subtitle apply to the race;
(3) the licensee pays all taxes and fees associated with the Arabian breed race that would otherwise be due on a steeplechase, hurdle, or flat race; and
(4) the Arabian breed race is approved by the Commission.