New Jersey § 5:5-152
Full text of New Jersey New Jersey Statutes § 5:5-152, with citation guidance and answers to common questions.
§ 5:5-152.
a. The State Treasurer shall certify racing costs on an annual basis. These racing costs shall be the basis for payment and reimbursement to the commission
from the following sources, in the following order: (1) license and permit fees received by the commission; (2) breakage moneys and outstanding parimutuel ticket moneys as provided in sections
21 and 25 of this act, and the outstanding parimutuel ticket moneys as provided in
section 44 of P.L.1940, c. 17 ( C.5:5-64 ), section 1 of P.L.1984, c. 236 ( C.5:5-64.1 ) and section 7 of P.L.1971, c. 137 ( C.5:10-7 ). b. If, in any year, amounts received by the commission from the sources specified
in subsection a. of this section are not sufficient to reimburse the commission for
racing costs, there shall be an assessment against permit holders or successors in
interest to permit holders, if applicable, to reimburse the commission for its costs
for which funds are not otherwise appropriated to the commission by law. Such assessment shall be approved by the State Treasurer. The commission shall establish, by regulation, an assessment formula which apportions
such costs to each permit holder or successor in interest, if applicable. c. Subject to the approval of the State Treasurer, the commission may adjust the annual
assessment when necessary to cover expenditures not anticipated at the time of the
assessment. d. The funds derived from the sources specified in this section shall be held in a
non-lapsing dedicated account, for use in accordance with the provisions of this section.
Frequently Asked Questions About New Jersey § 5:5-152
What does New Jersey Statutes § 5:5-152 cover?
Section 5:5-152 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 5:5-152?
A common citation format is "New Jersey Statutes § 5:5-152" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 5:5-152 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.