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MA S2951
Bill
AI Summary
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Massachusetts Gaming Commission proposes amendments to 205 CMR 149.04 requiring authorization from the Treasurer and Receiver General's Office before creating escrow accounts for Race Horse Development Fund distributions
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Racing associations must provide at least 30 days written notice to the Commission before discontinuing races, closing tracks, abandoning licenses, or transferring facilities
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Race Horse Development Fund distributions are allocated as 80% to purse accounts for live races, 16% to breeding programs, and 4% to health and pension benefits for horsemen's organizations
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Funds placed in escrow must be held for no more than three years, after which remaining monies are transferred or distributed per horse racing committee recommendations
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Public hearing held January 13, 2026; Commission voted to authorize final draft on January 29, 2026
Legislative Description
Communication from the Massachusetts Gaming Commission (pursuant to Section 9B of Chapter 128A of the General Laws and Section 222 of Chapter 6 of the General Laws) proposed amendments to regulations for 205 CMR 149.00: Race Horse Development Fund
Last Action
House concurred
3/9/2026