New Jersey Statutes

§ 5:5-126 — Distribution of amounts resulting from parimutuel pool for out-of-State program.

New Jersey·Title 5 AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS

38. a. If a receiving track which is authorized by the New Jersey Racing Commission to receive the racing program, in full or in part, from an out-of-State sending track pursuant to section 37 of this act is not conducting live racing at the time of receiving the out-of-State races, the amount resulting from the takeout rate shall be distributed as follows:

(1)(Deleted by amendment, P.L.1993, c.353.) (2) .50% of the parimutuel pool generated at the in-State receiving track shall be deposited as follows:
(a)in the case of an in-State receiving track which conducts harness races, in the special trust account established pursuant to or specified in section 46a.
(2)of P.L.1940, c.17 (C.5:5-66), section 2b. of P.L.1984, c.236 (C.5:5-66.1), section 5a.
(1)of P.L.1982, c.201 (C.5:5-98), or sect

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