Text: SF02025                           Text: SF02027
Text: SF02000 - SF02099                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index



Senate File 2026

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 99D.8, unnumbered paragraph 1, Code
  1  2 1997, is amended to read as follows:
  1  3    A qualifying organization, as defined in section
  1  4 513(d)(2)(C) of the Internal Revenue Code, as defined in
  1  5 section 422.3, exempt from federal income taxation under
  1  6 sections 501(c)(3), 501(c)(4), or 501(c)(5) of the Internal
  1  7 Revenue Code or a nonprofit corporation organized under the
  1  8 laws of this state, whether or not it is exempt from federal
  1  9 income taxation, which is organized to promote those purposes
  1 10 enumerated in section 99B.7, subsection 3, paragraph "b", or
  1 11 which regularly conducts an agricultural and educational fair
  1 12 or exposition for the promotion of the horse, dog, or other
  1 13 livestock breeding industries of the state, or an agency,
  1 14 instrumentality, or political subdivision of the state, may
  1 15 apply to the commission for a license to conduct horse or dog
  1 16 racing.  The application shall be filed with the administrator
  1 17 of the commission at least sixty days before the first day of
  1 18 the horse race or dog race meeting which the organization
  1 19 proposes to conduct, shall specify the day or days when and
  1 20 the exact location where it proposes to conduct racing, and
  1 21 shall be in a form and contain information as the commission
  1 22 prescribes.  A political subdivision of this state shall not
  1 23 own or lease a pari-mutuel racetrack or other gambling
  1 24 facility which is subject to licensure and regulation pursuant
  1 25 to this chapter.
  1 26    Sec. 2.  NEW SECTION.  99F.4C  DIVESTITURE BY POLITICAL
  1 27 SUBDIVISIONS.
  1 28    If, on the effective date of this Act, a political
  1 29 subdivision of this state owns or has a leasehold interest in
  1 30 any real estate or other property which is used in the
  1 31 operation of gambling games or a pari-mutuel racetrack
  1 32 licensed pursuant to chapter 99D or this chapter, the
  1 33 political subdivision shall divest itself of any interest in
  1 34 the real estate or other property which is used in the
  1 35 operation of gambling games or pari-mutuel racing not later
  2  1 than January 1, 2000.
  2  2    Sec. 3.  Section 99F.5, Code l997, is amended by adding the
  2  3 following new subsection:
  2  4    NEW SUBSECTION.  3.  A political subdivision of this state
  2  5 shall not own an excursion gambling boat or gambling
  2  6 facilities which are subject to licensure pursuant to this
  2  7 chapter.  
  2  8                           EXPLANATION
  2  9    This bill prohibits a political subdivision of this state
  2 10 from owning or having a leasehold interest in real estate or
  2 11 other property which is used in the operation of gambling
  2 12 games or pari-mutuel racing.  If a political subdivision of
  2 13 this state owns or leases property which is used for gambling
  2 14 or pari-mutuel racing, the political subdivision must divest
  2 15 itself of the gambling property not later than January 1,
  2 16 2000.  
  2 17 LSB 3417XS 77
  2 18 tj/sc/14
     

Text: SF02025                           Text: SF02027
Text: SF02000 - SF02099                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

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