Bill Text: NJ S830 | 2010-2011 | Regular Session | Introduced
Bill Title: Permits New Jersey Thoroughbred Horsemen's Association and Standardbred Breeders' and Owners' Association of New Jersey to use purse funds received from off-track and account wagering for care of retired race horses.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2010-01-19 - Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee [S830 Detail]
Download: New_Jersey-2010-S830-Introduced.html
Sponsored by:
Senator RICHARD J. CODEY
District 27 (Essex)
SYNOPSIS
Permits New Jersey Thoroughbred Horsemen's Association and Standardbred Breeders' and Owners' Association of New Jersey to use purse funds received from off-track and account wagering for care of retired race horses.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning the use of certain off-track and account wagering proceeds distributed to specific Standardbred and Thoroughbred organizations and supplementing the "Off-Track and Account Wagering Act," P.L.2001, c.199 (C.5:5-127 et seq.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Notwithstanding any law, rule, or regulation to the contrary, of the share of overnight purse amounts allocated to the New Jersey Thoroughbred Horsemen's Association and the Standardbred Breeders' and Owners' Association of New Jersey from off-track and account wagering on in-State and out-of-State races, pursuant to subsection a. of section 21 of P.L.2001, c.199 (C.5:5-147) and subsection a. of section 27 of P.L.2001, c.199 (C.5:5-153), up to $300,000 may be annually expended or allocated by each of the above mentioned organizations for the care of retired race horses.
2. This act shall take effect immediately.
STATEMENT
This bill permits the New Jersey Thoroughbred Horsemen's Association and the Standardbred Breeders' and Owners' Association of New Jersey to each expend or allocate up to $300,000 annually for the care of retired race horses. The bill authorizes these organizations to expend or allocate up to such amount from their share of the overnight purse distributions they receive from wagers placed at off-track wagering facilities or through the account wagering system on in-State and out-of-State races.