New Jersey § 5:5-99
Full text of New Jersey New Jersey Statutes § 5:5-99, with citation guidance and answers to common questions.
§ 5:5-99.
There shall be appropriated out of the General Fund of the State in the current fiscal
year 2019 and in each of the four fiscal years thereafter $20,000,000 annually to
the New Jersey Racing Commission to be used for horse racing purse subsidies. These amounts shall be allocated by the New Jersey Racing Commission equally between
the thoroughbred industry and the standardbred industry. Of the funds allocated to the thoroughbred industry, 100 percent shall be allocated
to Monmouth Park overnight purses. Of the funds allocated to the standardbred industry, 60 percent shall be allocated
to Meadowlands overnight purses; 16 percent to Freehold overnight purses; 12 percent
to the New Jersey Sire Stakes purses; 6 percent to purse bonuses for New Jersey sired
horses; and 6 percent for breeders awards purses.
Frequently Asked Questions About New Jersey § 5:5-99
What does New Jersey Statutes § 5:5-99 cover?
Section 5:5-99 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 § 5:5-99?
A common citation format is "New Jersey Statutes § 5:5-99" (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 § 5:5-99 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.