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ND HB1093
Bill
AI Summary
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Amends subsection 3 to limit breakage and unclaimed ticket payments to the first $20 million wagered with each service provider, with 20% to racing promotion fund, 30% to breeders' fund, and 50% to purse fund.
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Modifies subsection 6 to allow the Racing Commission to receive up to 25% of the racing promotion fund per year (whichever is greater: 25% or $25,000) for operating expenses with emergency commission approval.
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Requires the Commission to distribute awards and payment supplements from the breeders' fund in the same calendar year the money was earned.
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Mandates the Commission distribute payments to qualified owners and breeders from the breeders' fund without requiring them to apply.
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Prohibits the Commission from transferring money among the breeders' fund, purse fund, and racing promotion fund.
Legislative Description
Payment of breakage to and operating expenses of the racing commission.
Last Action
Filed with Secretary Of State 04/26
4/27/2011