The Massachusetts Gaming Commission has proposed amendments to the regulation 205 CMR 149.00 concerning the Race Horse Development Fund, specifically focusing on the distribution of funds and the establishment of escrow accounts. The amendments include new requirements for harness racing and horse racing associations to provide at least 30 days' prior written notice to the Commission before discontinuing races or closing tracks. Additionally, the Commission is now required to seek authorization from the Office of the Treasurer and Receiver General before creating any escrow accounts for funds due to the racing associations.

The regulation outlines the procedures for handling funds from the Race Horse Development Fund, including the establishment of separate escrow accounts for each racing association as needed. It specifies the distribution percentages for the funds, which include allocations for purse accounts, breeding programs, and health benefits for horsemen's organizations. The Commission retains the discretion to adjust distributions based on the needs of the racing associations and the recommendations of the horse racing committee. Overall, these amendments aim to enhance clarity and ensure proper oversight of the funds associated with horse racing in Massachusetts.