Text: SF02069 Text: SF02071 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 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 twenty 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 who
2 1 are winners of unrestricted horse races. A qualified
2 2 sponsoring organization shall not make a contribution to a
2 3 candidate, political committee, candidate's committee, state
2 4 statutory political committee, county statutory political
2 5 committee, national political party, or fund-raising event as
2 6 these terms are defined in section 56.2. The membership of
2 7 the board of directors of a qualified sponsoring organization
2 8 shall represent a broad interest of 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 20
2 13 percent of adjusted gross receipts from gambling games to
2 14 supplement horse race purses if the licensee chooses to
2 15 supplement horse race purses. Of the total amount allocated
2 16 to supplement the horse race purses, 20 percent shall be used
2 17 to supplement the purses of Iowa-bred horses who are winners
2 18 of unrestricted horse races.
2 19 LSB 3618SS 77
2 20 tj/cf/24
Text: SF02069 Text: SF02071 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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