Text: SF00187 Text: SF00189 Text: SF00100 - SF00199 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 1997, 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. The commission shall authorize, subject 1 23 to the debt payments for horse racetracks and the provisions 1 24 of paragraph "b" for dog racetracks, a licensee who is also 1 25 licensed to conduct pari-mutuel dog or horse racing to use 1 26 receipts from gambling games within the racetrack enclosure to 1 27 supplement purses for races particularly for Iowa-bred horses 1 28 pursuant to an agreement which shall be negotiated between the 1 29 licensee and representatives of the dog or horse owners. For 1 30 a licensee who is also licensed to conduct pari-mutuel horse 1 31 racing, the supplement to the horse race purses shall be an 1 32 amount equal to fifteen percent of the annual adjusted gross 1 33 receipts received from gambling games and, of the total sum 1 34 allocated to supplement horse race purses, twenty percent 1 35 shall be used to supplement the purses of Iowa-bred horses. A 2 1 qualified sponsoring organization shall not make a 2 2 contribution to a candidate, political committee, candidate's 2 3 committee, state statutory political committee, county 2 4 statutory political committee, national political party, or 2 5 fund-raising event as these terms are defined in section 56.2. 2 6 The membership of the board of directors of a qualified 2 7 sponsoring organization shall represent a broad interest of 2 8 the communities. 2 9 EXPLANATION 2 10 This bill provides that a licensee of a pari-mutuel horse 2 11 racetrack who is also licensed to conduct gambling games at 2 12 the horse racetrack shall allocate an amount equal to 15 2 13 percent of adjusted gross receipts from gambling games to 2 14 supplement horse race purses. Of the total amount allocated 2 15 to supplement the horse race purses, 20 percent shall be used 2 16 to supplement the purses of Iowa-bred horses. 2 17 LSB 2378SV 77 2 18 tj/cf/24
Text: SF00187 Text: SF00189 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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