Text: SF02245 Text: SF02247 Text: SF02200 - SF02299 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 2001, 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. If
1 30 an agreement to use receipts from gambling games for purses
1 31 and supplements for horse racing exists on July 1, 2002, the
1 32 agreement shall remain in effect until its termination and,
1 33 thereafter, the annual subsidy from gambling game receipts
1 34 used for the purses and supplements for horse racing in an
1 35 agreement shall not exceed seven million dollars plus the
2 1 amount wagered on live horse races held at the racetrack
2 2 enclosure during the preceding calendar year. Any annual
2 3 decrease in subsidy to a licensee resulting from an agreement
2 4 regarding gambling game receipts used for purses and
2 5 supplements for horse racing entered into after July 1, 2002,
2 6 shall be distributed for educational, civic, public,
2 7 charitable, patriotic, or religious uses as otherwise provided
2 8 in this paragraph. A qualified sponsoring organization shall
2 9 not make a contribution to a candidate, political committee,
2 10 candidate's committee, state statutory political committee,
2 11 county statutory political committee, national political
2 12 party, or fund-raising event as these terms are defined in
2 13 section 56.2. The membership of the board of directors of a
2 14 qualified sponsoring organization shall represent a broad
2 15 interest of the communities.
2 16 EXPLANATION
2 17 This bill provides that any agreement to use gambling game
2 18 receipts for purses and supplements for horse racing which is
2 19 entered into after July 1, 2002, shall not exceed $7 million
2 20 annually plus the amount wagered on live horse races held at
2 21 the racetrack enclosure for the preceding calendar year.
2 22 The bill also provides that if an agreement relating to
2 23 such receipts used for purses and supplements for horse racing
2 24 which is entered into after July 1, 2002, results in an annual
2 25 reduction in subsidy to the licensee, the savings shall be
2 26 distributed for educational, civic, public, charitable,
2 27 patriotic, or religious uses.
2 28 LSB 6124XS 79
2 29 tj/cls/14.1
Text: SF02245 Text: SF02247 Text: SF02200 - SF02299 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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