Text: SSB00154 Text: SSB00156 Text: SSB00100 - SSB00199 Text: SSB 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 2378SC 77
2 18 tj/cf/24
Text: SSB00154 Text: SSB00156 Text: SSB00100 - SSB00199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
Search: Senate Bills and Amendments (77th General Assembly)
© 1997 Cornell College and League of Women Voters of Iowa
Comments about this site or page? webmaster@legis.iowa.gov. Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Feb 20 03:41:15 CST 1997
URL: /DOCS/GA/77GA/Legislation/SSB/00100/SSB00155/970219.html
jhf