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2014 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 59.1-378.1 of the Code of Virginia is amended and reenacted as follows:
§ 59.1-378.1. Licensing of owners or operators of certain pari-mutuel facilities.
A. Notwithstanding the provisions of § 59.1-391, the
Commission may grant a license, for a duration to be determined by the
Commission, to the owner or operator of a steeplechase facility for the purpose
of conducting pari-mutuel wagering on (i) steeplechase race meetings and
(ii) simulcast horse racing that is limited to the transmission from Churchill
Downs of the Kentucky Derby horse race at that facility in conjunction
with the steeplechase race meetings for a period not to exceed fourteen
14 days in any calendar year, provided that, prior to making application
for such license, (i) (a) the steeplechase facility has been
sanctioned by the Virginia Steeplechase Association or National Steeplechase
Association and (ii) (b) the owner or operator of such facility
has been granted tax-exempt status under § 501 (c) (3) or (4) of the Internal
Revenue Code.
For purposes of this section, "steeplechase facility" means a turf racecourse constructed over natural ground which is utilized primarily for races where horses jump over fences.
B. In deciding whether to grant any license pursuant to this section, the Commission shall consider (i) the results of, circumstances surrounding, and issues involved in any referendum conducted under the provisions of § 59.1-391 and (ii) whether the Commission had previously granted a license to such facility, owner, or operator.
C. In no event shall the Commission issue more than twelve
12 licenses in a calendar year pursuant to this section.