(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 Pimlico Race Course may conduct live racing of Arabian breed horses if:

(1) no more than one Arabian breed race is conducted per day;

(2) no more than three Arabian breed races are conducted during a race meet;

(3) an Arabian breed race is conducted in addition to, and not in place of, an existing thoroughbred race;

(4) an Arabian breed race does not reduce the number of thoroughbred races conducted by the licensee per racing day;

(5) the purse for an Arabian breed race is:

(i) not funded by the thoroughbred purse account; and

(ii) funded by the licensee or the sponsor of the Arabian horse race;

(6) the takeout provisions of §§ 11-514 and 11-515 of this subtitle are applied to the race;

(7) the licensee pays all taxes and fees associated with the Arabian breed race that would otherwise be due on a thoroughbred race; and

(8) the Arabian breed race is approved by the State Racing Commission.