§ 99-i. Racing regulation account. 1. There is hereby established in
the joint custody of the comptroller and the gaming commission a special
revenue fund to be known as the "racing regulation account".

2. The racing regulation account shall consist of all money received
by the commission as regulatory fees and market origin fees pursuant to
the provisions of the racing, pari-mutuel wagering and breeding law.

3. Moneys of this account shall be available to the commission to pay
for the costs of carrying out the purposes of the racing, pari-mutuel
wagering and breeding law; provided, however, an amount equal to twelve
and eight-tenths percent of the amount received by the account from the
market origin fee imposed by subdivision six of section one thousand
twelve-a of the racing, pari-mutuel wagering and breeding law shall be
transferred to the state department of taxation and finance and the
department shall deem this transfer as a payment of a pari-mutuel tax.

4. All payments from the fund shall be made on the audit and warrant
of the comptroller.