Relating to horse racing.

Modifies the uses for certain moneys received by the Oregon Racing Commission from Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs. Requires entities that receive distributions of such moneys to expend the moneys and report on the expenditures within a certain time period. Provides for clawback if a recipient fails to expend the moneys or report on expenditures. Provides that moneys that are clawed back be deposited in a fund for horse and jockey safety. Provides that certain moneys that the commission does not expend within a fiscal biennium are deposited in the fund.