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1998 SESSION

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HB 590 Racing Commission; retainage on pari-mutuel pools.

Introduced by: James M. Shuler | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia Racing Commission; retainage on pari-mutuel pools. Reapportions the distribution of the retainage for pari-mutuel pools by adding percentage payments to the Virginia-Maryland Regional College of Veterinary Medicine, the Virginia Equine Center Foundation, and the Virginia Horse Industry Board. As a result, the Commonwealth's portion has been reduced by one-quarter percent to allow for distribution to the entities named in the preceding sentence. The bill also defines a "racetrack." The effective date of the bill is July 1, 1999.


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