(1) The board is authorized to obtain a license to conduct horse race meets at the Colorado state fair and industrial exposition pursuant to article 32 of title 44. For the purposes of this section, the limitations in section 44-32-512 shall not apply, and the horse race meets shall be conducted as approved by the Colorado racing commission at the Colorado state fair and industrial exposition during its duration.
(2) In lieu of obtaining a license to conduct a horse race meet, the board is authorized to contract for the conduct of horse race meets at the Colorado state fair and industrial exposition with a private, nonprofit person licensed to conduct horse race meets within forty miles of the state fair grounds, subject to authorization by the Colorado racing commission pursuant to section 44-32-512. The meet and the race days of the meet conducted at the Colorado state fair and industrial exposition shall be in addition to the number of meets and race days permitted the licensee pursuant to section 44-32-603.
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