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Can you summarize 13 NJAC Chapter 74B?
LAW AND PUBLIC SAFETY > RESERVED
Short Summary
This legal document provides definitions for terms used in the Off-Track and Account Wagering Act and the pilot program for placing pari-mutuel wagers on horse racing at electronic wagering terminals. It applies to entities such as the New Jersey Sports and Exposition Authority, New Jersey Racing Commission, authorized venues, pilot program applicants, pilot program licensees, permit holders, and racetracks. The document clarifies the meanings of terms such as ‘account wagering system,’ ‘Act,’ ‘Authority,’ ‘authorized venue,’ ‘Commission,’ ‘Electronic wagering terminal,’ ‘Eligible taverns, restaurants, and similar venues,’ ‘Executive Director,’ ‘Hub facility,’ ‘Internal control procedures,’ ‘Joint application,’ ‘Outstanding pari-mutuel ticket,’ ‘Pari-mutuel,’ ‘Pari-mutuel ticket,’ ‘Participation agreement,’ ‘Permit holder,’ ‘Pilot program,’ ‘Pilot program applicant,’ ‘Pilot program license,’ ‘Pilot program licensee,’ ‘Racetrack,’ ‘Selected venue,’ ‘Simulcast horse races,’ ‘Simulcasting facility,’ ‘Totalisator,’ and ‘Wagering account.’ The document does not mention any exemptions or penalties. This document pertains to the licensing requirements for individuals employed at authorized taverns, restaurants, or similar venues, as well as vendors supplying equipment or merchandise to these venues. All individuals employed at authorized venues, persons responsible for supervision or oversight of the venue, and persons engaged in selling equipment or merchandise to the venue must apply for and receive an appropriate license from the Commission. The document specifies different annual application fees for different types of licenses. However, the Commission or Executive Director may exempt certain vendors from the license requirements based on a petition, considering the nature of the service provided and volume of business. Additionally, all persons licensed by the Commission must undergo fingerprinting and photography, with the applicant bearing the cost of the fingerprint card. The document does not mention any specific penalties for non-compliance or violation of its provisions. This legal document governs the distribution of pari-mutuel pools in the context of a pilot program licensee. The pilot program licensee is responsible for ensuring that the amounts wagered through electronic wagering terminals in authorized venues are properly distributed to winning bettors, the licensed venue, and others, including funding of horse racing purses. The distribution should be similar to the provisions under section 44 of P.L. 1940, c. 17 for sums wagered on in-State races, and sections 21 and 22 through 25 of P.L. 2001, c. 199 for sums wagered on out-of-State races. Additionally, a local impact fee of one percent of the pilot program licensee’s share should be paid to the host municipality for general municipal purposes. The pilot program licensee is required to distribute the one percent local impact fee directly to the host municipality and provide monthly documentation of such payments to the commission. The document also sets forth requirements for pari-mutuel wagering at authorized venues, receipt of simulcast horse races from in-State and out-of-State racetracks, formation of pari-mutuel pools for horse races, and simulcast agreements between authorized venues and racetracks. This document governs the cooperation of licensees and access by the Commission in the context of the pilot program. It applies to persons or entities that are licensed to participate in the program. The document states that licensees who possess knowledge of any violation of the Act and/or this chapter must immediately report the information to the Commission for investigation. Licensees also have a duty to fully cooperate in any investigation being conducted by the Commission and provide assistance to any government department or person investigating or prosecuting a violation of law or Commission rules. Failure to cooperate may result in fines, suspension, or both. Additionally, the Commission and its representatives have unrestricted access to all authorized venues licensed to participate in the pilot program. The provided legal document content pertains to the expiration of a pilot program. According to the document, all licenses issued by the Commission authorizing participation in the pilot program will expire within three years after the effective date of the first pilot program license issued by the Commission. Within the same three-year period, the Commission is required to issue a report evaluating the pilot program to the Governor and the Legislature. The report should also include the Commission’s opinion on whether the pilot program should be continued, as well as recommendations for further improvement and implementation. The pilot program will come to an end when the licenses issued under the program expire, unless the Legislature enacts a law to continue the program. The documents do not mention any exemptions or penalties related to the pilot program’s expiration.
Whom does it apply to?
Entities such as the New Jersey Sports and Exposition Authority, New Jersey Racing Commission, authorized venues, pilot program applicants, pilot program licensees, permit holders, and racetracks
What does it govern?
Definitions for terms used in the Off-Track and Account Wagering Act and the pilot program for placing pari-mutuel wagers on horse racing at electronic wagering terminals
What are exemptions?
The Commission or Executive Director may exempt certain vendors from the license requirements based on a petition, considering the nature of the service provided and volume of business
What are the Penalties?
No specific penalties mentioned
Jurisdiction
New Jersey