Text: S05500                            Text: S05502
Text: S05500 - S05599                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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Senate Amendment 5501

Amendment Text

PAG LIN
  1  1    Amend the amendment, S-5464, to House File 2416, as
  1  2 passed by the House, as follows:
  1  3    #1.  Page 20, by inserting after line 18 the
  1  4 following:
  1  5    "Sec.    .  Section 99F.6, subsection 4, paragraph
  1  6 a, Code Supplement 1995, is amended to read as
  1  7 follows:
  1  8    a.  Before a license is granted, the division of
  1  9 criminal investigation of the department of public
  1 10 safety shall conduct a thorough background
  1 11 investigation of the applicant for a license to
  1 12 operate a gambling game operation on an excursion
  1 13 gambling boat.  The applicant shall provide
  1 14 information on a form as required by the division of
  1 15 criminal investigation.  A qualified sponsoring
  1 16 organization licensed to operate gambling games under
  1 17 this chapter shall distribute the receipts of all
  1 18 gambling games, less reasonable expenses, charges,
  1 19 taxes, fees, and deductions allowed under this
  1 20 chapter, as winnings to players or participants or
  1 21 shall distribute the receipts for educational, civic,
  1 22 public, charitable, patriotic, or religious uses as
  1 23 defined in section 99B.7, subsection 3, paragraph "b".
  1 24 However, if a licensee who is also licensed to conduct
  1 25 pari-mutuel wagering at a horse racetrack has unpaid
  1 26 debt from the pari-mutuel racetrack operations, the
  1 27 first receipts of the gambling games operated within
  1 28 the racetrack enclosure less reasonable operating
  1 29 expenses, taxes, and fees allowed under this chapter
  1 30 shall be first used to pay the annual indebtedness.
  1 31 After any annual indebtedness liability is paid, the
  1 32 commission shall require that at least twenty-five
  1 33 percent of the remaining receipts from gambling games
  1 34 at a horse racetrack enclosure shall be used to
  1 35 supplement purses for horse races.  The commission
  1 36 shall also authorize, subject to the debt payments for
  1 37 horse racetracks and the provisions of paragraph "b"
  1 38 for dog racetracks, a licensee who is also licensed to
  1 39 conduct pari-mutuel dog or horse racing to use
  1 40 receipts from gambling games within the racetrack
  1 41 enclosure to supplement purses for races particularly
  1 42 for Iowa-bred horses pursuant to an agreement which
  1 43 shall be negotiated between the licensee and
  1 44 representatives of the dog or horse owners.  A
  1 45 qualified sponsoring organization shall not make a
  1 46 contribution to a candidate, political committee,
  1 47 candidate's committee, state statutory political
  1 48 committee, county statutory political committee,
  1 49 national political party, or fund-raising event as
  1 50 these terms are defined in section 56.2.  The
  2  1 membership of the board of directors of a qualified
  2  2 sponsoring organization shall represent a broad
  2  3 interest of the communities."
  2  4    #2.  By renumbering as necessary.  
  2  5 
  2  6 
  2  7                              
  2  8 JACK RIFE
  2  9 HF 2416.707 76
  2 10 tj/sc
     

Text: S05500                            Text: S05502
Text: S05500 - S05599                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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