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2003 SESSION

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HB 2212 Virginia Racing Commission; acquisition of interest in licensee.

Introduced by: Terrie L. Suit | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Virginia Racing Commission; acquisition of interest in licensee; new application required. Provides that if an applicant proposes to acquire actual control of a licensee such person shall submit such information as required by law and the Commission in its discretion. Such person may submit any other information to assure the Commission that the licensee, under the actual control of such person, the licensee will have the experience, expertise, financial responsibility, and commitment to be and remain in compliance with horse racing laws, the Commission’s regulations and orders, and the conditions required by the Commission for the issuance and continued operation of the owner’s and operator’s license or both such licenses. The bill requires the Commission to approve any such application under certain circumstances.


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