New Jersey § 5:5-88

§ 5:5-88.

Every permitholder shall remit and pay to the commission in installments and at the

same time and manner provided in section 46 of P.L.1940, c. 17 ( C. 5:5-66 ) all moneys set aside in the special trust account for contributions and awards and

horse breeding and promotion pursuant to section 46a.(2)(c) and (d) thereof, 1 section 46b.(1)(b) and (2)(b) thereof, 2 subsection f.(1)(a)(iii) and (iv) and subsection f.(2)(a) of section 7 of P.L.1971, c. 137 ( C. 5:10-7 ), and subsection a.(1)(c) and (d) and subsection b.(1) of section 5 of P.L.1982, c. 201 ( C. 5:5-98 ). All such special trust account moneys received by the commission shall be separately

accounted for and paid into the State Treasury for deposit and maintenance by the

State Treasurer in a special account entitled “New Jersey Horse Breeding and Development

Account.” Moneys credited to such special account shall be appropriated to and used by the Department

of Agriculture, under the supervision of the State Board of Agriculture, after consultation

with and approval of the State Treasurer, for contributions and awards to improve

and promote thoroughbred and standardbred breeding in the manners and amounts as provided

in said sections. The Department of Agriculture is authorized to confer with and seek the advice of

the New Jersey Equine Advisory Board with reference to the distribution of the moneys

as herein provided. 1

N.J.S.A. § 5:5-66a(2)(c), 5:5-66a(2)(d). 2

N.J.S.A. § 5:5-66b(1)(b), 5:5-66b(2)(b).