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2002 SESSION

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SB 638 Racing Commission; powers, local referenda.

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

SUMMARY AS PASSED SENATE: (all summaries)

Virginia Racing Commission; powers; local referenda. Allows the Virginia Racing Commission to issue provisional licenses to own or operate racetracks or licenses to own satellite wagering facilities to an applicant prior to the applicant securing the approval through the local referendum required by law. The provisional licenses issued by the Commission shall only become effective upon the approval of the racetrack or satellite wagering facility in a referendum conducted in the jurisdiction in which the racetrack or satellite wagering facility is to be located. The bill also (i) removes the limit of six satellite facilities that the Commission is authorized to license, (ii) allows towns to conduct referenda on the question of whether pari-mutuel wagering shall be permitted at a licensed racetrack in (name of such county, city or town) on live horse racing at, and on simulcast horse racing transmitted from another jurisdiction to, the licensed racetrack on such days as may be approved by the Virginia Racing Commission, (iii) authorizes the Commission to regulate and establish fees for account wagering, and (iv) removes the 2005 sunset on the Commission's authority to alter the required number of live racing days.


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