0001|         HOUSE BUSINESS AND INDUSTRY COMMITTEE SUBSTITUTE FOR
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0002|                          HOUSE MEMORIAL 15
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0003|     43rd legislature - STATE OF NEW MEXICO - second session, 1998
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0004|                                   
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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|     
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0011|                              A MEMORIAL
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0012|     REQUESTING THE STATE RACING COMMISSION TO CONSIDER A REPORT
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0013|     FROM THE STATE HORSE RACING INDUSTRY REGARDING THE
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0014|     DISTRIBUTION OF REVENUES GENERATED BY GAMING OPERATOR
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0015|     LICENSEES THAT ARE RACETRACKS.
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0016|     
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0017|          WHEREAS, live, flat track horse racing is conducted in
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0018|     four communities in New Mexico; and
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0019|          WHEREAS, horse racing provides entertainment and economic
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0020|     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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<center>- 1 -</center>0001|          WHEREAS, without the participation of the jockeys, horse
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0002|     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 flat track racetracks in New Mexico are
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0008|     also gaming operator licensees pursuant to the provisions of
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0009|     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 HOUSE OF
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0019|     REPRESENTATIVES OF THE STATE OF NEW MEXICO that the state
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0020|     horse racing industry, including the New Mexico horsemen's
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0021|     association, the New Mexico breeder's association, the New
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0022|     Mexico racetracks and the jockeys' guild, be requested to meet
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0023|     during the 1998 interim and study the distribution of revenues
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0024|     generated by gaming operator licensees that are racetracks;
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0025|     and
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<center>- 2 -</center>0001|          BE IT FURTHER RESOLVED that the state horse racing
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0002|     industry report its findings to the state racing commission; and
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0003|          BE IT FURTHER RESOLVED that a copy of this memorial be sent
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0004|     to the state racing commission, the New Mexico horsemen's
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0005|     association, the New Mexico breeder's association, New Mexico
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0006|     racetracks and the jockeys' guild.
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0007|                               
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