Bill > H409

This bill allows the state comptroller to transfer up to $10 million annually from the Race Horse Development Fund to the Community Preservation Trust Fund, contingent upon a written request from the secretary of administration and finance. The Race Horse Development Fund, which likely supports horse racing and related activities, would be required to provide these funds to the Community Preservation Trust Fund, which typically supports local community preservation projects such as historic preservation, open space conservation, and affordable housing. This transfer can occur despite any existing laws that might otherwise prohibit such a transfer, signaling a specific legislative exception to standard funding rules. The bill provides flexibility for the state to redirect funds from the horse racing sector to broader community development efforts, potentially reflecting changing priorities or economic considerations in the state's funding strategy.

Labor and Employment

https://malegislature.gov/Bills/194/H409