New Mexico Statutes
Article 1A - Horse Racing Act
Section 60-1A-23 - Horse racing suspense account. (Repealed effective July 1, 2022.)

A. The "horse racing suspense account" is created in the state treasury to hold funds remitted to the commission for payment of all legal claims for refunds.
B. Money in the horse racing suspense account exceeding three thousand dollars ($3,000) shall be transferred to the taxation and revenue department for deposit in the general fund.
C. The money in the horse racing suspense account shall be used to pay claims for refunds that have been determined by the commission to be legally due to the remitter.
History: Laws 2007, ch. 39, § 23.
Delayed repeals. — For delayed repeal of this section, see 60-1A-29 NMSA 1978.
Cross references. — For the general fund, see 6-4-2 NMSA 1978.

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Structure New Mexico Statutes

New Mexico Statutes

Chapter 60 - Business Licenses

Article 1A - Horse Racing Act

Section 60-1A-1 - Short title. (Repealed effective July 1, 2022.)

Section 60-1A-2 - Definitions. (Repealed effective July 1, 2022.)

Section 60-1A-3 - Commission created; appointment of members; terms of office. (Repealed effective July 1, 2022.)

Section 60-1A-4 - Commission; powers; duties. (Repealed effective July 1, 2022.)

Section 60-1A-5 - Commission rules; all licenses; suspension, revocation or denial of licenses; penalties. (Repealed effective July 1, 2022.)

Section 60-1A-6 - Classification of racetrack licenses. (Repealed effective July 1, 2022.)

Section 60-1A-7 - All license applications; background investigations; rules. (Repealed effective July 1, 2022.)

Section 60-1A-8 - Racetrack licenses; applications; specific requirements. (Repealed effective July 1, 2022.)

Section 60-1A-9 - Secondary licenses; applications; specific requirements. (Repealed effective July 1, 2022.)

Section 60-1A-10 - Occupational licenses; application; specific requirements. (Repealed effective July 1, 2022.)

Section 60-1A-11 - Granting a license; standards; denial and revocation; suspension and penalties. (Repealed effective July 1, 2022.)

Section 60-1A-12 - Stewards; powers; duties. (Repealed effective July 1, 2022.)

Section 60-1A-13 - Equine health and testing advisor; qualifications; duties. (Repealed effective July 1, 2022.)

Section 60-1A-14 - Testing specimens. (Repealed effective July 1, 2022.)

Section 60-1A-14.1 - Racehorse testing fund; created; purpose. (Repealed effective July 1, 2022.)

Section 60-1A-15 - Pari-mutuel wagering authorized; gambling statutes do not apply. (Repealed effective July 1, 2022.)

Section 60-1A-16 - Simulcasting. (Repealed effective July 1, 2022.)

Section 60-1A-17 - Interstate common pool wagering; authorized. (Repealed effective July 1, 2022.)

Section 60-1A-18 - Daily pari-mutuel tax; imposed; rate. (Repealed effective July 1, 2022.)

Section 60-1A-19 - Retainage; New Mexico horse breeders' association and New Mexico horsemen's association; breakage; distribution of retained amounts. (Repealed effective July 1, 2022.)

Section 60-1A-20 - Daily capital outlay tax; capital outlay offset; state fair commission distribution; daily license fees. (Repealed effective July 1, 2022.)

Section 60-1A-21 - Inability to receive or administer distributions; New Mexico horse breeders' association; New Mexico horsemen's association; commission authority; New Mexico-bred horse registry. (Repealed effective July 1, 2022.)

Section 60-1A-22 - Payment of taxes; payment of license fees. (Repealed effective July 1, 2022.)

Section 60-1A-23 - Horse racing suspense account. (Repealed effective July 1, 2022.)

Section 60-1A-24 - Breeders' awards. (Repealed effective July 1, 2022.)

Section 60-1A-25 - Violations of horse racing act; fourth degree felony. (Repealed effective July 1, 2022.)

Section 60-1A-26 - Illegal use of pari-mutuel wagering. (Repealed effective July 1, 2022.)

Section 60-1A-27 - Predetermining horse races; influencing or attempting to influence; fourth degree felony. (Repealed effective July 1, 2022.)

Section 60-1A-28 - Affecting speed or stamina of a race horse; penalties. (Repealed effective July 1, 2022.)

Section 60-1A-28.1 - Racetrack licensees; power to eject or exclude. (Repealed effective July 1, 2022.)

Section 60-1A-29 - Termination of agency life; delayed repeal. (Repealed effective July 1, 2022.)

Section 60-1A-30 - Temporary provisions [Terms continued]. (Repealed effective July 1, 2022.)