New Jersey § 5:12-206

§ 5:12-206.

Payment to the Atlantic City Racetrack of sums provided by subsection c. of section

13 1 or subsection a. of section 15 2 of this act shall be made after the conclusion of each month in the remainder of

calendar year 1994 and in calendar year 1995, except that the first monthly payment

to be made shall include all such sums due to the racetrack for the previous months

of the relevant calendar year. In order to be eligible to receive the amounts provided by those subsections, the

Atlantic City Racetrack shall not receive any simulcast horse race under the provisions

of the “Simulcasting Racing Act,” P.L.1985, c. 269 ( C.5:5-110 et seq. ) or the provisions of section 37 of this act 3 during any part of an applicable calendar year, or if casino simulcasting in Atlantic

City begins after January 1, 1993 and before January 1, 1994 then during any part

of 1993 after the commencement of casino simulcasting in Atlantic City, other than

when a horse race meeting is being conducted at Atlantic City Racetrack pursuant to

a permit issued by the New Jersey Racing Commission. If the Atlantic City Racetrack becomes ineligible during a calendar year to receive

the amount provided by subsection c. of section 13 or subsection a. of section 15

of P.L.1992, c. 19 ( C.5:12-203 and 5:12-205 ), the monthly payments shall terminate and the Atlantic City Racetrack shall reimburse

the New Jersey Racing Commission for the amount previously received in that calendar

year. If the Atlantic City Racetrack is not eligible to receive the amount provided by

subsection c. of section 13, that amount shall be distributed on the basis of subsections

d. and g. of section 13 of this act. 1

N.J.S.A. § 5:12-203. 2

N.J.S.A. § 5:12-205. 3

N.J.S.A. § 5:5-125.