SENATE BILL 92 57TH LEGISLATURE -STATEOFNEWMEXICO- FIRST SESSION, 2025 INTRODUCED BY Michael Padilla and Candy Spence Ezzell 6 8 10 AN ACT RELATING TO HORSE RACING;

e8 t 17 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

w l n d 18 SECTION 1.

A new section of the Horse Racing Act is = = 19 a l enacted to read:

i"HORSE a e r 20 "[NEW MATERIAL] HORSE RACING INTEGRITY AND SAFETY a t m m 21 AUTHORITY AND JOCKEY AND EXERCISE RIDER INSURANCE FUND d r e 22 CREATED--PURPOSE.--The "horse racing integrity and safety c e s k 23 authority and jockey and exercise rider insurance fund" is e a n b 24 created as a nonreverting fund in the state treasury.

The fund u [ consists of money collected by the commission to offset the .228874.2 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.

Disbursements from the fund shall be made by warrant of the secretary of finance and administration pursuant to vouchers signed by the SB 92 Page 1 executive director of the commission or the executive director's designee."designee.” -SB 292 -Page 142 164 e6 t8 1725 w l n d 18 = = 19 a l i a e r 20 a t m m 21 d r e 22 c e s k 23 e a n b 24 u [ .228874.2