Senate Study Bill 3161 - Introduced SENATE FILE _____ BY (PROPOSED COMMITTEE ON STATE GOVERNMENT BILL BY CHAIRPERSON DANIELSON) A BILL FOR An Act concerning allowable uses for purse moneys designated 1 for standardbred horse racing. 2 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 3 TLSB 5479XC (1) 85 ec/nh
S.F. _____ Section 1. Section 99D.7, subsection 5, paragraph b, Code 1 2014, is amended to read as follows: 2 b. The commission shall, beginning January 1, 2012, regulate 3 the purse structure for all horse racing so that seventy-six 4 percent is designated for thoroughbred racing, fifteen and 5 one-quarter percent is designated for quarter horse racing, and 6 eight and three-quarter three-quarters percent is designated 7 for standardbred racing. The purse moneys designated for 8 standardbred racing may only be used to support standardbred 9 harness racing purses , breeder’s awards, or expenses at 10 the state fair, county fairs, or other harness racing 11 tracks approved by the commission, or for the maintenance , 12 construction, or repair of harness racing tracks located in 13 Iowa and at the fairgrounds for such fairs or other harness 14 racing tracks located in Iowa and approved by the commission. 15 The horse racetrack in Polk county shall not provide funding to 16 support standardbred racing at such county fairs that is not 17 otherwise provided for in this paragraph. 18 EXPLANATION 19 The inclusion of this explanation does not constitute agreement with 20 the explanation’s substance by the members of the general assembly. 21 Code section 99D.7(5), concerning purse moneys for horse 22 racing, is amended to allow purse moneys designated for 23 standardbred racing to also be used for breeder’s awards, 24 standardbred harness racing expenses, and the construction of 25 harness racing tracks located in Iowa. 26 -1- LSB 5479XC (1) 85 ec/nh 1/ 1