Requiring the Maryland Racing Commission to issue a license to the Cecil County Breeders' Fair, Inc. to hold no more than eight one-day race meetings each year; altering the amount of money that is to be credited to the Fair Hill Improvement Fund; authorizing the licensee to deduct from the handle up to 25%, and from the amount deducted, excluding breakage, to pay 36% of the remaining amount to the Fair Hill Improvement Fund; etc.