ID H0400

Changes the fiscal year-end balance threshold in the racing commission account from $600,000 to $4,600,000 before excess funds are transferred to the pari-mutuel distribution fund.

Excess funds above the $4,600,000 threshold are distributed as: 60% to the Idaho horse owner/breeder award account and 40% to the track purse enhancement account.

The horse owner/breeder award account distributes funds annually by December 15, with 50% to breeders of Idaho bred winners and 50% equally to owners of Idaho bred horse race winners.

The track purse enhancement account distributes funds to all Idaho licensed horse racetracks for purse enhancement based on the number of live race dates held in the preceding calendar year, with disbursement within 30 days of racing commission approval.

Makes a technical correction to the statute language related to racing commission account balance provisions.