New Jersey § 5:5-48

§ 5:5-48.

Moneys deposited in the local expense fund created pursuant to section 28 of P.L.1940,

c. 17 ( C. 5:5-48 ) as amended by section 2 of P.L.1974, c. 181 shall be held for distribution to those

municipalities at or in reasonable proximity to the site of race meetings, and which,

in the determination of the commission, have incurred expenses as a result of said

meetings, in accordance with the following: a. The commission shall notify said municipalities of their eligibility for a share

of said moneys; b. Thereupon, said municipalities may submit claims setting forth the nature of the

services performed and the amount expended for said services; c. The commission shall evaluate and determine the validity of the claims based upon

reasonable increases to said municipalities in police, fire and court costs, and the

costs of other municipal services; d. The commission shall distribute the moneys deposited in the fund to each municipality

to the extent said moneys are available, and if not, then in the proportion that the

valid claim bears to the total valid claims so submitted; and e. Distributions shall be made to a municipality at or in reasonable proximity to

the site of a race meeting from only those moneys deposited in the fund by the racing

permit holders conducting the race meeting. Distribution of moneys in the fund shall be subject to the approval of the State Treasurer. Moneys undistributed in any year shall remain in the fund which shall continue from

year to year.