underscored material = new
[bracketed material] = delete
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
SENATE BILL 92
57
TH LEGISLATURE
-
STATE
OF
NEW
MEXICO
-
FIRST SESSION
,
2025
INTRODUCED BY
Michael Padilla
AN ACT
RELATING TO HORSE RACING; CREATING THE HORSE RACING INTEGRITY
AND SAFETY AUTHORITY AND JOCKEY AND EXERCISE RIDER INSURANCE
FUND; PROVIDING A PROCESS FOR PAYING THE COSTS OF JOCKEY AND
EXERCISE RIDER INSURANCE AND COMPLYING WITH STATE AND FEDERAL
LAW; MAKING AN APPROPRIATION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. A new section of the Horse Racing Act is
enacted to read:
"[NEW MATERIAL] HORSE RACING INTEGRITY AND SAFETY
AUTHORITY AND JOCKEY AND EXERCISE RIDER INSURANCE FUND
CREATED--PURPOSE.--The "horse racing integrity and safety
authority and jockey and exercise rider insurance fund" is
created as a nonreverting fund in the state treasury. The fund
consists of money collected by the commission to offset the
.228874.2 underscored material = new
[bracketed material] = delete
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
costs of jockey and exercise rider insurance and to comply with
federal and state laws affecting horse racing as provided in
Section 60-2E-47 NMSA 1978, distributions, appropriations,
income from investment of the fund, gifts, grants, donations
and bequests. The fund shall be administered by the
commission, and money in the fund is appropriated to the
commission to pay the costs of complying with Section 60-2E-47
NMSA 1978. Disbursements from the fund shall be made by
warrant of the secretary of finance and administration pursuant
to vouchers signed by the executive director of the commission
or the executive director's designee."
- 2 -
.228874.2