This bill amends the Horse Racing Act to establish a State Racing Commission Nominating Committee and outlines the process for selecting members of the State Racing Commission. The commission will consist of five members, appointed by the governor with the consent of the senate, from a list of qualified nominees provided by the newly created nominating committee. The bill specifies that at least three members must be practical breeders of racehorses in New Mexico and includes provisions to ensure that commission members do not have financial interests in regulated licensees. Additionally, the bill introduces a new section detailing the qualifications and responsibilities of an executive director for the commission.

The bill also includes various amendments to definitions and powers of the commission, such as the ability to grant or revoke licenses, conduct investigations, and oversee pari-mutuel wagering. Notably, it establishes that the nominating committee will consist of nine members knowledgeable about horse racing, who will serve without compensation but can be reimbursed for expenses. The committee is tasked with submitting a list of nominees to the governor for commission appointments, ensuring geographical diversity among nominees. The effective date for the provisions of this act is set for July 1, 2025.

Statutes affected:
introduced version: 60-1A-2, 60-1A-3, 60-1A-4