0001|                          SENATE MEMORIAL 17
    |
0002|     43RD LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 1998
    |
0003|                            INTRODUCED BY
    |
0004|                          MICHAEL S. SANCHEZ
    |
0005|     
    |
0006|                                   
    |
0007|     
    |
0008|     
    |
0009|     
    |
0010|                              A MEMORIAL
    |
0011|     REQUESTING THE STATE RACING COMMISSION TO CONDUCT A STUDY OF
    |
0012|     THE DISTRIBUTION OF REVENUES GENERATED BY GAMING OPERATOR
    |
0013|     LICENSEES THAT ARE RACETRACKS AND CONSIDER A PROPOSAL TO
    |
0014|     DEDICATE A PORTION OF THOSE REVENUES TO THE JOCKEYS' GUILD
    |
0015|     HEALTH AND WELFARE TRUST FUND.
    |
0016|     
    |
0017|          WHEREAS, live thoroughbred horse racing is conducted in
    |
0018|     four communities in New Mexico; and
    |
0019|          WHEREAS, thoroughbred horse racing provides entertainment
    |
0020|     and economic development in those communities; and
    |
0021|          WHEREAS, there are three essential participants in the
    |
0022|     horse racing industry:  track owners, horse owners and the
    |
0023|     professional jockeys who race the horses; and
    |
0024|          WHEREAS, professional jockeys assume risks every racing
    |
0025|     day on behalf of track owners and horse owners; and 
    |
<center>- 1 -</center>

0001|          WHEREAS, without the participation of the jockeys,
    |
0002|     thoroughbred horse racing cannot take place; and
    |
0003|          WHEREAS, the jockeys' guild is an organization that
    |
0004|     represents a majority of professional jockeys in New Mexico,
    |
0005|     and it manages a health and welfare trust fund on behalf of
    |
0006|     its members; and
    |
0007|          WHEREAS, the four thoroughbred racetracks in New Mexico
    |
0008|     are also gaming operator licensees pursuant to the provisions
    |
0009|     of the Gaming Control Act; and
    |
0010|          WHEREAS, as set forth in Section 60-2E-47 NMSA 1978, a
    |
0011|     gaming operator licensee that is a racetrack pays the
    |
0012|     following:  a gaming tax that is twenty-five percent of the
    |
0013|     net take; twenty percent of the net take to purses that are
    |
0014|     distributed in accordance with regulations adopted by the
    |
0015|     state racing commission; and one-fourth of one percent of the
    |
0016|     net take of gambling machines to fund programs for the
    |
0017|     treatment and assistance of compulsive gamblers; 
    |
0018|          NOW, THEREFORE, BE IT RESOLVED BY THE SENATE OF THE STATE
    |
0019|     OF NEW MEXICO that the state racing commission conduct a study
    |
0020|     of the distribution of revenues generated by gaming operator
    |
0021|     licensees that are racetracks and consider a proposal to
    |
0022|     dedicate a portion of those revenues to the jockeys' guild
    |
0023|     health and welfare trust fund; and
    |
0024|          BE IT FURTHER RESOLVED that if the state racing
    |
0025|     commission considers the proposal to have merit, that it
    |
<center>- 2 -</center>

0001|     prepare and recommend legislation to the first session of the
    |
0002|     forty-fourth legislature; and
    |
0003|          BE IT FURTHER RESOLVED that a copy of this memorial be
    |
0004|     sent to the state racing commission and the New Mexico
    |
0005|     horsemen's association.
    |
0006|                              
    |