MCL 431.319b Money Placed In Escrow Before Effective Date of Amendatory Act; Use By September 1, 2017

• Library: Michigan Statutes
• Edition: 2023
• Currency: Current through Public Act 321 of the 2023 Legislative Session
• Year: 2023
• Citation: MCL 431.319b

Money that was to be distributed to a certified horsemen's organization but that was placed and remains in escrow under an escrow order of the racing commissioner before the effective date of the amendatory act that added this section must be used by September 1, 2017 for a race meeting conducted by the certified horsemen's organization and the race meeting licensee that were the subjects of the order in accordance with a contractual agreement between a race meeting licensee and the certified horsemen's organization. If a contractual agreement is not reached by September 1, 2017, the racing commissioner shall order distribution o...