An Act relative to the race horse development fund

This bill (HD 1403) allows the state to transfer up to $10 million annually from the Race Horse Development Fund to the Community Preservation Trust Fund. The transfer requires a written request from the Secretary of Administration and Finance and is limited to fiscal years where such a request is made. It directly affects two state funds: the Race Horse Development Fund (which supports the horse racing industry) and the Community Preservation Trust Fund (which finances local land preservation projects). The bill makes no changes to existing programs but redirects existing funding between these designated accounts.