New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 32A - NEW JERSEY STANDARDBRED DEVELOPMENT FUND CONDITIONS
Subchapter 2 - NEW JERSEY STANDARDBRED DEVELOPMENT FUND CONDITIONS
Section 2:32A-2.22 - Broadcasting revenues
Universal Citation: NJ Admin Code 2:32A-2.22
Current through Register Vol. 56, No. 18, September 16, 2024
(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.
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