The Treasurer of State shall establish an account to be known as "the Agricultural Fair Support Fund" and shall credit to
it all money received under Title 8, section 1036, subsection 2, paragraph D. The fund is a dedicated, nonlapsing fund. All revenues deposited in the fund must be disbursed in accordance with this section,
except that assessments and advances may be withdrawn in accordance with Title 8, section 267-A.
2007, c. 539, Pt. G, §1 (AMD);
2007, c. 539, Pt. G, §15 (AFF)
No later than January 31st of each year, all funds held as of the end of the previous calendar year in the Agricultural
Fair Support Fund must be distributed by the Treasurer of State as follows:
A. Thirty-four percent of these funds must be distributed to all commercial tracks as defined in Title 8, section 275-A and
to all fair licensees that during the previous year were licensed to and did accept pari-mutuel wagers on harness horse races.
These funds must be distributed in the manner prescribed in Title 8, section 298; and [2005, c. 563, §3 (NEW).]
B. Sixty-six percent of these funds must be divided among all fair licensees that were licensed during the previous year. These
funds must be distributed to licensees according to the proportions established by section 86, subsection 5 and may be used
at the licensee's discretion. To receive distribution under this paragraph, a licensee holding pari-mutuel racing in the
previous year must have been in compliance with section 89. [2005, c. 563, §3 (NEW).]
2005, c. 563, §3 (NEW)
2005, c. 563, §3 (NEW).
2007, c. 539, Pt. G, §1 (AMD).
2007, c. 539, Pt. G, §15 (AFF).
Data for this page extracted on 10/16/2012 08:19:13.
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