SF 2277 (LSB 5479SV (1) 85)

SENATE FILE 2277

BY  COMMITTEE ON STATE GOVERNMENT

(SUCCESSOR TO SSB 3161)

A BILL FOR

An Act concerning allowable uses for purse moneys designated for standardbred horse racing.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 99D.7, subsection 5, paragraph b, Code 2014, is amended to read as follows:
   b.  The commission shall, beginning January 1, 2012, regulate the purse structure for all horse racing so that seventy-six percent is designated for thoroughbred racing, fifteen and one-quarter percent is designated for quarter horse racing, and eight and three-quarter three-quarters percent is designated for standardbred racing. The purse moneys designated for standardbred racing may only be used to support standardbred harness racing purses, breeder’s awards, or expenses at the state fair, county fairs, or other harness racing tracks approved by the commission, or for the maintenance, construction, or repair of harness racing tracks located in Iowa and at the fairgrounds for such fairs or other harness racing tracks located in Iowa and approved by the commission. The horse racetrack in Polk county shall not provide funding to support standardbred racing at such county fairs that is not otherwise provided for in this paragraph.
EXPLANATION
The inclusion of this explanation does not constitute agreement with

the explanation’s substance by the members of the general assembly.
   Code section 99D.7(5), concerning purse moneys for horse racing, is amended to allow purse moneys designated for standardbred racing to also be used for breeder’s awards, standardbred harness racing expenses, and the construction of harness racing tracks located in Iowa.