New Jersey § 5:5-188
Full text of New Jersey New Jersey Statutes § 5:5-188, with citation guidance and answers to common questions.
§ 5:5-188.
A harness racing permitholder may enter into a contractual agreement with the Standardbred
Breeders' and Owners' Association of New Jersey providing that a portion of the purse
monies that are statutorily dedicated to the permitholder or the association will
be expended for a use that the New Jersey Racing Commission approves as directly advancing,
preserving, and enhancing the overall economic well-being of the standardbred horse
racing and breeding industry in New Jersey. The portion of purse monies that are redistributed pursuant to a contractual agreement
under this section shall be used to advance, preserve, and enhance the overall economic
well-being of the standardbred horse racing and breeding industry in New Jersey. A contractual agreement authorized pursuant to this section shall not redistribute
any money that is statutorily dedicated for programs designed to aid the horsemen
and the Standardbred Breeders' and Owners' Association of New Jersey or for the administration
of a health benefits program for the horsemen. The permitholder and the association shall include any expenditures resulting from
a contractual agreement authorized pursuant to this section in their respective annual
budgets and audited financial statements, which shall be submitted to the New Jersey
Racing Commission as provided for by law or regulation. The permitholder and the association shall provide a copy of any contractual agreement
authorized pursuant to this section to the New Jersey Racing Commission upon its execution
and obtain the New Jersey Racing Commission's approval of the agreement prior to any
redistribution of any portion of these purse monies.
Frequently Asked Questions About New Jersey § 5:5-188
What does New Jersey Statutes § 5:5-188 cover?
Section 5:5-188 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 § 5:5-188?
A common citation format is "New Jersey Statutes § 5:5-188" (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 § 5:5-188 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.