KY HB102 | 2016 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 5 2016 - 25% progression, died in chamber
Action: 2016-01-05 - to Licensing & Occupations (H)
Text: Latest bill text (Draft #4) [PDF]

Summary

Amend KRS 138.510 to require a division of an amount equal to one percent of all money wagered on historical horse racing among the applicable breed funds based on percentage of the ownership of the associations participating in a commission-approved agreement; permit the commission to divide the one percent based upon criteria other than ownership interest, upon joint requests by the associations and with the consent of the applicable horsemen's organizations; amend KRS 230.260 to vest the commission with jurisdiction over any manufacturer, distributor, or vendor of any terminal, equipment, system, or software used to offer historical racing in Kentucky; require those entities to be licensed and permit the commission to impose a fee not to exceed $50,000; require the commission to promulgate administrative regulations to establish requirements, conditions, and procedures for licensing, as well as a fee schedule; specify that no determination is made as to the legality of wagering on historical horse racing or as to whether or not such wagering constitutes a pari-mutuel form of wagering.

Tracking Information

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Title

AN ACT relating to horse racing.

Sponsors


History

DateChamberAction
2016-01-05Houseto Licensing & Occupations (H)
2016-01-05Houseintroduced in House
2015-12-07HousePrefiled by the sponsor(s).

Kentucky State Sources


Bill Comments

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