The following policy was adopted by the New Mexico Racing Commission on May 25, 2006.

This program will permit a New Mexico Bred horse entering an open overnight race and finishing first, second or third to receive a 20% increase of the original purse. The money generated for this program will come from the gaming portion of the overnight purses. The money also is excluded from the 10% Breeders Awards monies.

The incentive money will be distributed as follows:

First place will get 63% of the incentive money and the original first place purse.

Second place will get 24% of the incentive money and the original second place purse.

Third place will get 13% of the incentive money plus the original third place purse.

Money will be wired on a bi-weekly basis and this schedule may be adjusted if necessary. All undistributed incentive money will be carried over to the next meet, if applicable.

This program will be monitored by the New Mexico Horse Breeder's Association and track management to ensure that this is beneficial to the New Mexico Bred Program. Reports on this program will be given at the monthly Commission meetings and any changes to the program must be approved by the Racing Commission.

Sincerely,

Anna Fay Davis
Executive Director
NMHBA