100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB3509
 
Introduced , by Rep. Joe Sosnowski
 
SYNOPSIS AS INTRODUCED:






230 ILCS 5/15.1 from Ch. 8, par. 37-15.1

 Amends the Horse Racing Act of 1975. Provides that, upon collection of the fee accompanying the application for
an occupation license or any other fees, the Board may make daily
deposits of the fees with the organization licensee or the
horsemen's bookkeeper at a race meeting. The organization licensee or the horsemen's bookkeeper shall either use ACH electronic transfer of funds or
issue a check, payable to the order of the Illinois Racing Board, for
monies deposited under this Section within 24 hours of receipt of the
monies.


LRB100 09741 MJP 19910 b


FISCAL NOTE ACT MAY APPLY
 
 
A BILL FOR
 


HB3509LRB100 09741 MJP 19910 b



1 AN ACT concerning gaming.


2 Be it enacted by the People of the State of Illinois,

3represented in the General Assembly:



4 Section 5. The Illinois Horse Racing Act of 1975 is amended 
5by changing Section 15.1 as follows:




6 (230 ILCS 5/15.1) (from Ch. 8, par. 37-15.1)



7 Sec. 15.1. 
Upon collection of the fee accompanying the 
8application for
an occupation license or any other fees, the 
9Board may shall be authorized to make daily
temporary deposits 
10of the fees, for a period not to exceed 7 days, with the 
11organization licensee or the
horsemen's bookkeeper at a race 
12meeting. The organization licensee or the horsemen's 
13bookkeeper shall either use ACH electronic transfer of funds or

14issue a check, payable to the order of the Illinois Racing 
15Board, for
monies deposited under this Section within 24 hours 
16of receipt of the
monies. Upon Provided however, upon the 
17issuance of the check or the electronic transfer of funds by 
18the organization licensee or the horsemen's
bookkeeper, the 
19check or funds shall be deposited into the Horse Racing Fund.

20(Source: P.A. 97-1060, eff. 8-24-12.)