Requires annual reports to the governor and the legislature by the franchise oversight board

Summary

The bill amends the racing, pari‑mutuel wagering and breeding law to require the franchise oversight board to submit a mandatory report each year by Dec. 31. The report must cover the board’s activities, the franchised corporation’s financial and operational performance, compliance with franchise agreements and regulations, any material breaches, policy challenges, and recommendations for legislation or regulation. This aims to improve oversight of thoroughbred racing and inform state policymakers.

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