New Jersey § 5:5-117
Full text of New Jersey New Jersey Statutes § 5:5-117, with citation guidance and answers to common questions.
§ 5:5-117.
Except as provided by section 8 of P.L.1991, c. 411 ( C.5:5-124 ) , by the rules and regulations of the commission with respect to interstate common
pools, and by a contractual agreement authorized by section 11 or section 12 of P.L.2013, c. 266 ( C.5:5-188 or C.5:5-189 ), the in-State sending track shall reserve and set aside out of the portion of the
parimutuel pool to be distributed as purse money pursuant to section 46 of P.L.1940,
c. 17 ( C.5:5-66 ) an amount equal to 25%, of the amount that would be distributed as purse money pursuant
to that section on the basis of the parimutuel pool generated at the receiving track. These sums shall be forwarded to the receiving track and shall be used to supplement
the payment of overnight purses at the next horse race meeting to be conducted by
the receiving track, except that if the receiving track is conducting a horse race
meeting at the same time as the receipt of the simulcast horse races, the receiving
track shall use those sums to supplement overnight purses at that horse race meeting.
Frequently Asked Questions About New Jersey § 5:5-117
What does New Jersey Statutes § 5:5-117 cover?
Section 5:5-117 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 § 5:5-117?
A common citation format is "New Jersey Statutes § 5:5-117" (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 § 5:5-117 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.