Bill Text: NJ S3194 | 2016-2017 | Regular Session | Introduced
Bill Title: Decreases annual thoroughbred race dates to 50 minimum upon written consent from New Jersey Thoroughbred Horsemen's Association.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2017-06-19 - Substituted by A4246 [S3194 Detail]
Download: New_Jersey-2016-S3194-Introduced.html
Sponsored by:
Senator RAYMOND J. LESNIAK
District 20 (Union)
SYNOPSIS
Decreases annual thoroughbred race dates to 50 minimum upon written consent from New Jersey Thoroughbred Horsemen's Association.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning thoroughbred horse racing and amending P.L.2001, c.199.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 30 of P.L.2001, c.199 (5:5-156) is amended to read as follows:
30. a. The permit holder at Monmouth Park and the thoroughbred permit holder at Meadowlands Racetrack together shall schedule annually no fewer than 141 thoroughbred race dates, except that the thoroughbred permit holder may decrease the annual number of scheduled thoroughbred race dates to no fewer than [71] 50 thoroughbred race dates upon written consent from the New Jersey Thoroughbred Horsemen's Association.
b. The standardbred permit holder at Meadowlands Racetrack shall schedule annually no fewer than 151 standardbred race dates, except that the standardbred permit holder may decrease the annual number of scheduled standardbred race dates to no fewer than 75 standardbred race dates upon written consent from the Standardbred Breeders' and Owners' Association of New Jersey.
c. The permit holders at Freehold Raceway shall schedule annually no fewer than 192 standardbred race dates, except that the permit holders may decrease the annual number of scheduled race dates to no fewer than 75 standardbred race dates upon written consent from the Standardbred Breeders' and Owners' Association of New Jersey.
d. [Notwithstanding subsection a. of this section, the permit holder at Monmouth Park and the thoroughbred permit holder at Meadowlands Racetrack may schedule 120 thoroughbred race dates in the aggregate in each calendar year from 2004 through 2007 only if the thoroughbred permit holder at Meadowlands Racetrack or the permit holder at Monmouth Park guarantee in each calendar year from 2004 through 2007 at least $4,200,000 in thoroughbred stakes at Meadowlands Racetrack and Monmouth Park, and guarantee the average daily overnight purses for thoroughbred race meetings at the following levels: (1) at least $300,000 at Meadowlands Racetrack in each calendar year from 2004 through 2007; (2) for the traditional meet at Monmouth Park, at least $320,000 in calendar year 2004, at least $325,000 in calendar year 2005, at least $330,000 in calendar year 2006 and at least $335,000 in calendar year 2007; and (3) for the 18-day supplemental meet at Monmouth Park, at least $300,000 in each calendar year from 2004 through 2006. In any calendar year from 2004 through 2007 in which the permit holder at the Meadowlands Racetrack or the permit holder at Monmouth Park, as appropriate, fails to guarantee the required minimum for thoroughbred stakes or the required minimum in average in daily overnight purses pursuant to this subsection, the permit holder at Monmouth Park and the thoroughbred permit holder at Meadowlands Racetrack together shall schedule no fewer than 141 thoroughbred race dates in the aggregate in that calendar year.] (Deleted by amendment, P.L. , c. ) (pending before the Legislature as this bill)
(cf: P.L. 2011, c.96, s.2)
2. This act shall take effect immediately.
STATEMENT
This bill will reduce the number of annual thoroughbred racing days together at Monmouth Park and the Meadowlands Racetrack to no fewer than 50, upon written consent from the New Jersey Thoroughbred Horsemen's Association. This bill deletes obsolete language for expired provisions in current law that decreased annual thoroughbred race dates to 120 minimum in each calendar year between 2004 through 2007 provided certain economic thresholds were met.
