N.J. Admin. Code § 2:32A-2.22

Current through Register Vol. 56, No. 21, November 4, 2024

Section 2:32A-2.22 - Broadcasting revenues

(a) In the event the Sire Stakes Board receives revenues derived from the broadcast of Sire Stakes or Standardbred Development Fund events, any incremental revenues derived from these broadcasts shall be exclusively used by the New Jersey Sire Stakes Program to supplement the purse of Sire Stakes races.

(b) The nominator and/or owner of horses racing in Standardbred Development Fund events expressly and irrevocably assigns to the New Jersey Standardbred Development Fund the ownership rights of any broadcast revenues derived therefrom.