Horse Racing - Racetrack Facility Renewal Account Grants - Alterations

Summary

The bill authorizes a grant from the Racetrack Facility Renewal Account for a capital construction plan, even when the licensee does not provide a matching contribution. In return, the licensee must hold a minimum number of live racing days each year and commit to at least ten years of live racing after the project is finished. It also sets reporting, monitoring, and possible recapture rules for the State Racing Commission.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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