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Text: S03431                            Text: S03433
Text: S03400 - S03499                   Text: S Index
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Senate Amendment 3432

Amendment Text

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

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