Bill Text: NJ A4413 | 2018-2019 | Regular Session | Introduced
Bill Title: Makes supplemental appropriation of $20,000,000 from General Fund to New Jersey Racing Commission for horse racing purse subsidies.
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: (Introduced - Dead) 2018-09-13 - Introduced, Referred to Assembly Tourism, Gaming and the Arts Committee [A4413 Detail]
Download: New_Jersey-2018-A4413-Introduced.html
Sponsored by:
Assemblyman JOHN J. BURZICHELLI
District 3 (Cumberland, Gloucester and Salem)
SYNOPSIS
Makes supplemental appropriation of $20,000,000 from General Fund to New Jersey Racing Commission for horse racing purse subsidies.
CURRENT VERSION OF TEXT
As introduced.
A Supplement to "An Act making appropriations for the support of the State Government and the several public purposes for the fiscal year ending June 30, 2019 and regulating the disbursement thereof," approved July 01, 2018 (P.L.2018, c.53).
Be It Enacted by the Senate and the General Assembly of the State of New Jersey:
1. In addition to the amounts appropriated under P.L.2018, c.53, there is appropriated out of the General Fund the following sum for the purpose specified:
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66 DEPARTMENT OF LAW AND PUBLIC SAFETY 10 Public Safety and Criminal Justice 13 Special Law Enforcement Activities DIRECT STATE SERVICES |
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22-1410 Regulating Racing Activities............................................... |
$20,000,000 |
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Total Direct State Services Appropriation, |
$20,000,000 |
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Special Law Enforcement Activities...................................... |
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Direct State Services: |
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22 Horse Racing Purse Subsidies...... |
($20,000,000) |
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The amounts hereinabove appropriated for Horse Racing Purse Subsidies shall be allocated by the New Jersey Racing Commission equally between the thoroughbred industry and the standardbred industry. Of the funds allocated to the thoroughbred industry, 100 percent shall be allocated to Monmouth Park Overnight purses. Of the funds allocated to the standardbred industry, 60 percent shall be allocated to Meadowlands Overnight Purses; 16 percent to Freehold Overnight Purses; 12 percent to New Jersey Sire Stakes; 6 percent to purse bonuses for New Jersey Sired Horses; and 6 percent for Breeders Awards.
The unexpended balance as of June 30, 2019 in this account is appropriated.
2. This act shall take effect immediately.
STATEMENT
This bill makes a supplemental
appropriation from the General Fund to the New Jersey Racing Commission for
allocation to the thoroughbred and Standardbred industries for horse racing
purse subsidies. The funds will be allocated equally between the thoroughbred
and standardbred industries. Funds allocated to the thoroughbred industry are
required to be allocated 100 percent to Monmouth Park Overnight Purses. Funds
allocated to the standardbred industry are required to be allocated 60 percent
to
Meadowlands Overnight Purses; 16 percent to Freehold Overnight Purses; 12
percent to New Jersey Sire Stakes; 6 percent to purse bonuses for New Jersey
Sired Horses; and 6 percent for Breeders Awards.
