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SPONSOR: |
Adair |
DATE TYPED: |
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HB |
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SHORT TITLE: |
Race Track Holding Barns |
SB |
13 |
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ANALYST: |
Gonzales |
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APPROPRIATION
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or
Non-Rec |
Fund Affected |
||
FY03 |
FY04 |
FY03 |
FY04 |
|
|
|
|
|
$0.1 |
|
|
|
|
|
|
|
|
(Parenthesis
( ) Indicate Expenditure Decreases)
Responses
Received From
SUMMARY
Synopsis
of Bill
Senate Bill 13 enacts
a new section of the Horse Racing Act requiring horse racing tracks to provide
holding barns for the temporary boarding of New Mexico-bred horses in order to
ensure that horsemen who reside and train in
Significant
Issues
The competition of quality horseracing has
become more intense with the introduction of slot machine casinos at racetracks
that increased the size of purse money offered and the quality of horseracing
within the state. In turn, stall space
requests from trainers at most of the
With the requirement to provide temporary
holding barns for New Mexico-bred horses, there may be a need for some
racetracks to construct new barns or use the stall space from existing
barns. However, space issues may be a
problem if a barn area at a racetrack does not have the capacity to accommodate
any additional barns.
FISCAL IMPLICATIONS
If stall space
availability for New Mexico-bred horses is improved, there could possibility be
a surge in the New Mexico-bred horse population thus causing growth in this
industry.
POSSIBLE QUESTIONS
Could the New Mexico Racing Commission rules enact the effects of this
bill ?