Establishing the Maryland Fair and Agricultural Education Promise Fund as a special, nonlapsing fund to advance agricultural fairs and education in the State; requiring interest earnings of the Fund to be credited to the Fund; requiring $1,450,000 of proceeds from the State lottery, before being allocated to the General Fund, to be allocated to the Fund; and repealing the requirement that a certain amount of annual proceeds from the State horse racing special fund be used to promote State agricultural fairs and education.