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AR SB637

Bill

Status

Passed

4/17/2019

Primary Sponsor

Keith Ingram

Click for details

Origin

Senate

92nd General Assembly (2019 Regular)

AI Summary

  • 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.

  • 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).

  • 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.

  • 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.

  • 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

Committee Referrals

Insurance & Commerce3/25/2019

Full Bill Text

No bill text available