Bill
Bill > S4228
summary
Introduced
12/11/2023
12/11/2023
In Committee
01/04/2024
01/04/2024
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Extends annual horse racing purse subsidies through State fiscal year 2029.
AI Summary
This bill extends annual horse racing purse subsidies through State fiscal year 2029. Specifically, it amends the existing law to extend the annual $20 million appropriation from the General Fund to the New Jersey Racing Commission for horse racing purse subsidies from 4 fiscal years to 10 fiscal years. The funds are to be allocated equally between the thoroughbred and standardbred industries, with specific allocations for different purse and award programs. The bill also requires recipients of these funds to file annual reports detailing the impact on the racing industry, and allows the Legislature to choose not to appropriate the funds if the reports do not show substantial improvement.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
Substituted by A5893 (on 01/08/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S4228 |
| Analysis - Statement SBA 1/4/24 | https://pub.njleg.gov/Bills/2022/S4500/4228_S1.PDF |
| Fiscal Note - Fiscal Estimate 12/22/23; as introduced | https://pub.njleg.gov/Bills/2022/S4500/4228_E1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S4500/4228_I1.HTM |
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