Horse Racing - Racetrack Facility Renewal Account Grants - Alterations

Authorizing, rather than requiring, a certain racing licensee to receive a grant for a capital construction plan from the Racetrack Facility Renewal Account without providing and expending a matching fund; requiring the racing licensee that receives the grant without providing and expending a matching fund to conduct live racing in the State for at least 10 years after the construction plan is complete; and requiring the State Racing Commission to recapture certain grant funds under certain circumstances and in a certain manner.