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2000 SESSION

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SB 599 Racing Commission; suspension or revocation of license.

Introduced by: Kenneth W. Stolle | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Racing Commission; suspension or revocation of license. Authorizes the Racing Commission to summarily suspend any license for up to 90 days pending a hearing if the Commission determines the action is required to protect the public health, safety and welfare, including revenues due the Commonwealth, localities and the horsemen’s purse account. The Commission is required to schedule the hearing within 14 days of the summary suspension and to provide the licensee with at least five business days' notice of the hearing. The Commission may also revoke a license for the operation of a satellite facility if the licensee fails to conduct assigned live racing days. The bill also extends the Commission’s authority to alter the number of live racing days (set in statute as 150 days) from five to eight years. The bill further: (i) sets out the percentage of money required to go to purses from satellite wagering facilities and changes; (ii) provides for up to two percent of the amount in the horsemen’s account to be used for paying administrative costs of the horsemen’s organization; and (iii) changes the distribution of the breakage by providing for 70 percent to be retained by the licensee to be used for capital improvements and 30 percent to the Racing Benevolence Fund (under current law, the licensee retains all of the breakage). The bill contains an emergency clause.


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