An Act relative to the race horse development fund
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill proposes to allow the state comptroller to transfer funds from the Race Horse Development Fund to the Community Preservation Trust Fund. The bill aims to redirect existing funds to support local community projects and initiatives. This transfer would provide additional resources for these community-based programs. The bill was referred to the Committee on Consumer Protection and Professional Licensure and subsequently concurred by the Senate.
Key provisions
- Authorizes the comptroller to transfer funds.
- Specifies the source of funds: Race Horse Development Fund.
- Designates the recipient of funds: Community Preservation Trust Fund.
- No specific amount of funds is outlined in the bill text.
Who is affected
- Race Horse Development Fund
- Community Preservation Trust Fund
- Local communities (through the Trust Fund)
- State comptroller
- Taxpayers (indirectly, through fund allocation)
Notable changes
- Repurposes funds currently held in the Race Horse Development Fund.
- Directs these funds to support community preservation efforts.
Bill text
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Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
6 on record
Primary sponsor
Bradley H. Jones Jr.
Cosponsors
Bradley H. Jones Jr.
Kimberly N. Ferguson
Arguments
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