CO SB182

Authorizes the racing division director to allocate a portion of the source market fee to horse purse trust accounts if necessary to maintain sufficient and competitive purse structures.

Requires money credited to horse purse trust accounts from the source market fee to be paid as authorized by the director for races held at live race meets in Colorado or as otherwise authorized by commission rules.

Maintains the restriction that total fees paid cannot exceed the limit set forth in section 12-60-501(2)(d).

Changes references in Colorado statutes from "article" to "ARTICLE 60" for clarity and consistency throughout the racing regulation provisions.