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AR SB637
Bill
Status
4/17/2019
Primary Sponsor
Keith Ingram
Click for details
AI Summary
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Adds Arkansas Code Section 23-111-518 to establish legislative intent recognizing greyhound racing history in Arkansas and clarify payable winnings agreements under the Arkansas Casino Gaming Amendment of 2018.
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Defines key terms including "owner" (person whose name greyhound is registered with National Greyhound Association), "payable winnings" (moneys due from a greyhound winning a race), "payee" (person entitled to collect winnings), and "payor" (entity holding greyhound racing franchise).
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Allows payees to voluntarily enter written payable winnings agreements authorizing deduction of a percentage or agreed-upon amount from winnings at the payee's request.
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Permits payees to designate that a portion of payable winnings be paid to a nonprofit organization described in 26 U.S.C. § 501(c), with nonprofit receiving payment first and remainder going to the payee.
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Bill was approved on April 11, 2019.
Legislative Description
To Amend The Law Regarding Greyhound Racing; And To Authorize The Use Of Payable Winnings Agreements.
Last Action
Notification that SB637 is now Act 892
4/17/2019