Text: SF02057 Text: SF02059 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 99F.6, subsection 4, paragraph a, Code 1 2 Supplement 1995, is amended to read as follows: 1 3 a. Before a license is granted, the division of criminal 1 4 investigation of the department of public safety shall conduct 1 5 a thorough background investigation of the applicant for a 1 6 license to operate a gambling game operation on an excursion 1 7 gambling boat. The applicant shall provide information on a 1 8 form as required by the division of criminal investigation. A 1 9 qualified sponsoring organization licensed to operate gambling 1 10 games under this chapter shall distribute the receipts of all 1 11 gambling games, less reasonable expenses, charges, taxes, 1 12 fees, and deductions allowed under this chapter, as winnings 1 13 to players or participants or shall distribute the receipts 1 14 for educational, civic, public, charitable, patriotic, or 1 15 religious uses as defined in section 99B.7, subsection 3, 1 16 paragraph "b". However, if a licensee who is also licensed to 1 17 conduct pari-mutuel wagering at a horse racetrack has unpaid 1 18 debt from the pari-mutuel racetrack operations, the first 1 19 receipts of the gambling games operated within the racetrack 1 20 enclosure less reasonable operating expenses, taxes, and fees 1 21 allowed under this chapter shall be first used to pay the 1 22 annual indebtedness. After any annual indebtedness liability 1 23 is paid, the commission shall require that at least twenty- 1 24 five percent of the remaining receipts from gambling games at 1 25 a horse racetrack enclosure shall be used to supplement purses 1 26 for horse races. The commission shall also authorize, subject 1 27 tothe debt payments for horse racetracks andthe provisions 1 28 of paragraph "b" for dog racetracks, a licensee who is also 1 29 licensed to conduct pari-mutuel dog or horse racing to use 1 30 receipts from gambling games within the racetrack enclosure to 1 31 supplement purses for races particularly for Iowa-bred horses 1 32 pursuant to an agreement which shall be negotiated between the 1 33 licensee and representatives of the dog or horse owners. A 1 34 qualified sponsoring organization shall not make a 1 35 contribution to a candidate, political committee, candidate's 2 1 committee, state statutory political committee, county 2 2 statutory political committee, national political party, or 2 3 fund-raising event as these terms are defined in section 56.2. 2 4 The membership of the board of directors of a qualified 2 5 sponsoring organization shall represent a broad interest of 2 6 the communities. 2 7 EXPLANATION 2 8 This bill provides that after any annual indebtedness 2 9 liability is paid, the racing and gaming commission shall 2 10 require that at least 25 percent of the remaining receipts 2 11 from gambling games at a horse racetrack enclosure shall be 2 12 used to supplement purses for horse races. 2 13 LSB 3321XS 76 2 14 tj/cf/24
Text: SF02057 Text: SF02059 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
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