0001|                          SENATE MEMORIAL 17
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0002|     43RD LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 1998
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0003|                            INTRODUCED BY
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0004|                          MICHAEL S. SANCHEZ
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0005|     
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0006|                                   
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0007|     
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0008|     
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0009|     
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0010|                              A MEMORIAL
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0011|     REQUESTING THE STATE RACING COMMISSION TO CONDUCT A STUDY OF
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0012|     THE DISTRIBUTION OF REVENUES GENERATED BY GAMING OPERATOR
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0013|     LICENSEES THAT ARE RACETRACKS AND CONSIDER A PROPOSAL TO
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0014|     DEDICATE A PORTION OF THOSE REVENUES TO THE JOCKEYS' GUILD
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0015|     HEALTH AND WELFARE TRUST FUND.
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0016|     
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0017|          WHEREAS, live thoroughbred horse racing is conducted in
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0018|     four communities in New Mexico; and
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0019|          WHEREAS, thoroughbred horse racing provides entertainment
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0020|     and economic development in those communities; and
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0021|          WHEREAS, there are three essential participants in the
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0022|     horse racing industry:  track owners, horse owners and the
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0023|     professional jockeys who race the horses; and
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0024|          WHEREAS, professional jockeys assume risks every racing
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0025|     day on behalf of track owners and horse owners; and 
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0001|          WHEREAS, without the participation of the jockeys,
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0002|     thoroughbred horse racing cannot take place; and
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0003|          WHEREAS, the jockeys' guild is an organization that
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0004|     represents a majority of professional jockeys in New Mexico,
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0005|     and it manages a health and welfare trust fund on behalf of
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0006|     its members; and
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0007|          WHEREAS, the four thoroughbred racetracks in New Mexico
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0008|     are also gaming operator licensees pursuant to the provisions
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0009|     of the Gaming Control Act; and
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0010|          WHEREAS, as set forth in Section 60-2E-47 NMSA 1978, a
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0011|     gaming operator licensee that is a racetrack pays the
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0012|     following:  a gaming tax that is twenty-five percent of the
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0013|     net take; twenty percent of the net take to purses that are
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0014|     distributed in accordance with regulations adopted by the
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0015|     state racing commission; and one-fourth of one percent of the
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0016|     net take of gambling machines to fund programs for the
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0017|     treatment and assistance of compulsive gamblers; 
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0018|          NOW, THEREFORE, BE IT RESOLVED BY THE SENATE OF THE STATE
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0019|     OF NEW MEXICO that the state racing commission conduct a study
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0020|     of the distribution of revenues generated by gaming operator
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0021|     licensees that are racetracks and consider a proposal to
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0022|     dedicate a portion of those revenues to the jockeys' guild
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0023|     health and welfare trust fund; and
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0024|          BE IT FURTHER RESOLVED that if the state racing
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0025|     commission considers the proposal to have merit, that it
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0001|     prepare and recommend legislation to the first session of the
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0002|     forty-fourth legislature; and
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0003|          BE IT FURTHER RESOLVED that a copy of this memorial be
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0004|     sent to the state racing commission and the New Mexico
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0005|     horsemen's association.
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0006|                              
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