Text: SSB02054                          Text: SSB02056
Text: SSB02000 - SSB02099               Text: SSB Index
Bills and Amendments: General Index     Bill History: General Index



Senate Study Bill 2055

Bill Text

PAG LIN
  1  1    Section 1.  Section 99D.9, subsection 6, Code 1997, is
  1  2 amended to read as follows:
  1  3    6.  A licensee may shall not loan to any person money or
  1  4 any other thing of value or permit a financial institution,
  1  5 vendor, or other person to loan money on the licensed premises
  1  6 on the basis of a credit card or similar instrument in person
  1  7 or through an electronic or mechanical device including but
  1  8 not limited to a satellite terminal as defined in section
  1  9 527.2 for the purpose of permitting that person to wager on
  1 10 any race.  The use of a check or a debit card with overdraft
  1 11 protection is not prohibited by this subsection.
  1 12    Sec. 2.  Section 99F.7, subsection 9, Code 1997, is amended
  1 13 to read as follows:
  1 14    9.  A licensee shall not loan to any person money or any
  1 15 other thing of value or permit a financial institution,
  1 16 vendor, or other person to loan money on the licensed premises
  1 17 on the basis of a credit card or similar instrument in person
  1 18 or through an electronic or mechanical device including but
  1 19 not limited to a satellite terminal as defined in section
  1 20 527.2 for the purpose of permitting that person to wager on
  1 21 any game of chance.  The use of a check or a debit card with
  1 22 overdraft protection is not prohibited by this subsection.  
  1 23                           EXPLANATION
  1 24    This bill prohibits the licensee of a pari-mutuel racetrack
  1 25 or associated gambling facility or excursion gambling boat
  1 26 from loaning or permitting the loan of money for gambling
  1 27 purposes through a credit card or an electronic or mechanical
  1 28 device such as a satellite terminal.  
  1 29 LSB 3610SC 77
  1 30 tj/cf/24
     

Text: SSB02054                          Text: SSB02056
Text: SSB02000 - SSB02099               Text: SSB Index
Bills and Amendments: General Index     Bill History: General Index

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