Text: S03431 Text: S03433 Text: S03400 - S03499 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend Senate File 533 as follows:
1 2 #1. Page 26, by inserting after line 27 the
1 3 following:
1 4 "Of the funds appropriated in this subsection, the
1 5 division shall use such moneys as are necessary to
1 6 assist the state racing and gaming commission in
1 7 ensuring compliance with the purse allocation
1 8 provisions of section 99F.6."
1 9 #2. Page 30, by inserting after line 8 the
1 10 following:
1 11 "Sec. . Section 99F.6, subsection 4, paragraph
1 12 a, Code 1997, is amended to read as follows:
1 13 a. Before a license is granted, the division of
1 14 criminal investigation of the department of public
1 15 safety shall conduct a thorough background
1 16 investigation of the applicant for a license to
1 17 operate a gambling game operation on an excursion
1 18 gambling boat. The applicant shall provide
1 19 information on a form as required by the division of
1 20 criminal investigation. A qualified sponsoring
1 21 organization licensed to operate gambling games under
1 22 this chapter shall distribute the receipts of all
1 23 gambling games, less reasonable expenses, charges,
1 24 taxes, fees, and deductions allowed under this
1 25 chapter, as winnings to players or participants or
1 26 shall distribute the receipts for educational, civic,
1 27 public, charitable, patriotic, or religious uses as
1 28 defined in section 99B.7, subsection 3, paragraph "b".
1 29 However, if a licensee who is also licensed to conduct
1 30 pari-mutuel wagering at a horse racetrack has unpaid
1 31 debt from the pari-mutuel racetrack operations, the
1 32 first receipts of the gambling games operated within
1 33 the racetrack enclosure less reasonable operating
1 34 expenses, taxes, and fees allowed under this chapter
1 35 shall be first used to pay the annual indebtedness.
1 36 The commission shall authorize, subject to the debt
1 37 payments for horse racetracks and the provisions of
1 38 paragraph "b" for dog racetracks, a licensee who is
1 39 also licensed to conduct pari-mutuel dog or horse
1 40 racing to use receipts from gambling games within the
1 41 racetrack enclosure to supplement purses for races
1 42 particularly for Iowa-bred horses pursuant to an
1 43 agreement which shall be negotiated between the
1 44 licensee and representatives of the dog or horse
1 45 owners. For a licensee who is also licensed to
1 46 conduct pari-mutuel horse racing, the supplement to
1 47 the horse race purses shall be an amount equal to
1 48 fifteen percent of the annual adjusted gross receipts
1 49 received from gambling games and, of the total sum
1 50 allocated to supplement horse race purses, twenty
2 1 percent shall be used to supplement the purses of
2 2 Iowa-bred horses. A qualified sponsoring organization
2 3 shall not make a contribution to a candidate,
2 4 political committee, candidate's committee, state
2 5 statutory political committee, county statutory
2 6 political committee, national political party, or
2 7 fund-raising event as these terms are defined in
2 8 section 56.2. The membership of the board of
2 9 directors of a qualified sponsoring organization shall
2 10 represent a broad interest of the communities."
2 11 #3. By renumbering as necessary.
2 12
2 13
2 14
2 15 JACK RIFE
2 16 SF 533.504 77
2 17 ec/jw/28
Text: S03431 Text: S03433 Text: S03400 - S03499 Text: S Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
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