New Jersey § 5:5-153

§ 5:5-153.

The commission shall establish and administer a separate fund to be known as the “New

Jersey Racing Industry Special Fund” into which shall be deposited the sums dedicated

to the fund by sections 19, 21 and 25 of this act. 1 Money deposited in this special fund shall be disbursed monthly by the commission

and used as follows: a. 92% shall be distributed as follows: (1) in the case of money deposited into the special fund from the off-track wagering

facility located on the former site of the Atlantic City Race Course, or, if no off-track

wagering facility exists on that former site, the off-track wagering facility located

closest to that former site, 100% to permit holders conducting thoroughbred racing; (2) except as provided in paragraph (1), 65% to permit holders conducting thoroughbred

racing and 35% to permit holders conducting harness racing; Of the allocations made pursuant to this subsection to permit holders conducting thoroughbred

racing, specific distributions shall be made to the overnight thoroughbred purse account

of each permit holder and for programs designed to aid the thoroughbred horsemen and

the New Jersey Thoroughbred Horseman's Association. Expenditures for programs designed to aid the thoroughbred horsemen and the New

Jersey Thoroughbred Horseman's Association shall not exceed 2.9% of such allocations. Distribution among thoroughbred permit holders shall be based on the following formula:

total overnight thoroughbred purse distribution for each permit holder in the prior

calendar year divided by the total overnight thoroughbred purse distribution of all

permit holders in the prior calendar year. Notwithstanding the foregoing, the sum allocated to permit holders conducting thoroughbred

races under this subsection may be distributed as provided by a contractual agreement

authorized under section 12 of P.L.2013, c. 266 ( C.5:5-189 ). Of the allocations made pursuant to this subsection to permit holders conducting standardbred

racing, specific distributions shall be made to the overnight standardbred purse account

of each permit holder and for programs designed to aid the standardbred horsemen and

the Standardbred Breeders' and Owners' Association of New Jersey. Expenditures for programs designed to aid the standardbred horsemen and the Standardbred

Breeders' and Owners' Association of New Jersey shall not exceed 5% of such allocations. Distribution among standardbred permit holders shall be based on the following formula:

total overnight standardbred purse distribution for each permit holder in the prior

calendar year divided by the total overnight standardbred purse distribution of all

permit holders in the prior calendar year. Notwithstanding the foregoing, the sum allocated to permit holders conducting harness

racing under this subsection may be distributed as provided by a contractual agreement

authorized under section 11 of P.L.2013, c. 266 ( C.5:5-188 ). b. 8% shall be distributed as follows: (1) in the case of money deposited into the special fund from the off-track wagering

facility located on the former site of the Atlantic City Race Course, or, if no off-track

wagering facility exists on that former site, the off-track wagering facility located

closest to that former site, 100% to thoroughbred funds; and (2) except as provided in paragraph (1), 65% to thoroughbred funds and 35% to harness

funds. Of the amounts distributed to thoroughbred funds pursuant to this subsection, the

following distributions shall apply: 94% to Thoroughbred Breeders and Stallions;

3% to Backstretch Benevolency; and 3% to Breeding and Development. Of the amount distributed to harness funds pursuant to this subsection, the following

distributions shall apply: 75% to Sire Stakes; 8% to Breeders and Stallions; 3.5%

to Backstretch Benevolency; 10% to Health and Welfare; and 3.5% to Breeding and

Development. 1

L.2001, c. 199 (N.J.S.A. §§ 5:5-145, 5:5-147 and 5:5-151).