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Bill > A2610


NJ A2610

NJ A2610
Extends annual horse racing purse subsidies through State fiscal year 2029.


summary

Introduced
01/09/2024
In Committee
06/24/2024
Crossed Over
06/28/2024
Passed
06/28/2024
Dead
Signed/Enacted/Adopted
09/12/2024

Introduced Session

2024-2025 Regular Session

Bill Summary

An Act concerning horse racing purse subsidies and amending P.L.2019, c.36.

AI Summary

This bill extends the annual horse racing purse subsidies provided by the state of New Jersey through the State fiscal year 2029. The bill amends a previous law (P.L.2019, c.36) that appropriated $20 million annually from the state's General Fund to the New Jersey Racing Commission for horse racing purse subsidies, with the funds to be allocated equally between the thoroughbred and standardbred industries. The bill maintains the existing requirements for recipients of these funds to submit annual reports to the state government detailing the impact of the subsidies on various horse racing industry metrics, and allows the legislature to withhold future appropriations if the reports are unsatisfactory.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (7)

Last Action

Approved P.L.2024, c.76. (on 09/12/2024)

bill text


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