HF 2077 (LSB 5432YH (4) 87)

HOUSE FILE 2077

BY  HIGHFILL

A BILL FOR

An Act relating to purse agreements concerning horse racing regulated by the racing and gaming commission.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 99F.6, subsection 4, paragraph a, subparagraph (3), Code 2018, is amended to read as follows:
   (3)  The commission shall authorize, subject to the debt payments for horse racetracks and the provisions of paragraph “b” for dog racetracks, a licensee who is also licensed to conduct pari-mutuel dog or horse racing to use receipts from gambling games within the racetrack enclosure to supplement purses for races particularly for Iowa-bred horses pursuant to an agreement which shall be negotiated between the licensee and representatives of the dog or horse owners. For agreements subject to commission approval concerning purses for horse racing beginning on or after January 1, 2006, the agreements shall be negotiated between the licensee authorized to conduct horse racing, an applicable contributory licensee, and representatives of horse owners, and shall provide that total annual purses for all horse racing shall be no less than eleven percent of the first two hundred million dollars of net receipts, and six percent of net receipts above two hundred million dollars, of the licensee and any applicable contributory licensee. In addition, live standardbred horse racing shall not be conducted at the horse racetrack in Polk county, but the purse moneys designated for standardbred racing pursuant to section 99D.7, subsection 5, paragraph “b”, shall be included in calculating the total annual purses required to be paid pursuant to this subsection. Agreements that are subject to commission approval concerning horse purses for a period of time beginning on or after January 1, 2006, shall be jointly submitted to the commission for approval.
    Sec. 2.  Section 99F.6, subsection 4, paragraph a, subparagraph (5), Code 2018, is amended to read as follows:
   (5)  For purposes of this paragraph,:
   (a)  “Contributory licensee” means a licensee who is not licensed to conduct pari-mutuel dog or horse racing that is located within thirty-five miles of the horse racetrack in Polk county.
   (b)  “net “Net receipts” means the annual adjusted gross receipts from all gambling games less the annual amount of money pledged by the owner of the facility to fund a project approved to receive vision Iowa funds as of July 1, 2004.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill concerns purse agreements relating to horse racing governed by the racing and gaming commission.
   Code section 99F.6, concerning requirements of an applicant licensed to conduct gambling games, is amended relative to agreements governing purses for horse racing conducted at the horse racetrack located in Polk county. The bill defines “contributory licensee” as a gambling games licensee that does not conduct horse or dog races that is located within 35 miles of the racetrack in Polk county. The bill then provides that any agreement governing purses for horse racing shall be negotiated between the licensee of the horse racetrack, any contributory licensee, and horse owners and further provides that receipts from gambling games at the contributory licensee shall also be used to determine the total annual purses for all horse racing.