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State of South Dakota
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SEVENTY-SIXTH
SESSION
LEGISLATIVE ASSEMBLY, 2001 |
| 400E0732 |
SENATE APPROPRIATIONS COMMITTEE
ENGROSSED
NO.
HB 1285
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02/27/2001
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| Introduced by: Representatives Hansen (Tom), Adelstein, Begalka, Broderick, Brown (Jarvis), Derby, Duenwald, Duniphan, Frost, Fryslie, Heineman, Hennies (Don), Hunhoff, Jaspers, Juhnke, Koistinen, Konold, Murschel, Peterson (Bill), Pitts, Pummel, Slaughter, Smidt, Teupel, Van Gerpen, and Wick and Senators Greenfield, Albers, Bogue, Brown (Arnold), Drake, Everist, McCracken, and Vitter |
FOR AN ACT ENTITLED, An Act to
clarify the purposes for which funds in the South Dakota-
bred racing fund and special racing revolving fund may be used and to make distributions
from the South Dakota-bred racing fund and the special racing revolving fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. The Commission on Gaming shall, on or about December 31, 2001, allocate a total of four hundred fifty thousand dollars or so much thereof as is available, from the special racing revolving fund or the South Dakota-bred racing fund, in amounts determined by the commission, to licensees, licensed by the commission to conduct live horse racing under § 42-7- 68 for the purposes of providing compensation to South Dakota bred horses, and for purses supplements or racing operations for the 2002 live horse racing season, provided, however, that such licensees are conducting a total of not less than fourteen live horse racing days. Provided further that no payment provided to such licensee may exceed thirty thousand dollars per day of
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. The Commission on Gaming shall, on or about December 31, 2001, allocate a total of four hundred fifty thousand dollars or so much thereof as is available, from the special racing revolving fund or the South Dakota-bred racing fund, in amounts determined by the commission, to licensees, licensed by the commission to conduct live horse racing under § 42-7- 68 for the purposes of providing compensation to South Dakota bred horses, and for purses supplements or racing operations for the 2002 live horse racing season, provided, however, that such licensees are conducting a total of not less than fourteen live horse racing days. Provided further that no payment provided to such licensee may exceed thirty thousand dollars per day of
live horse racing. If either such licensee applies for or receives fewer live horse racing days than
such licensee conducted in 2001, such allocations shall be reduced proportionately.
Section
2.
On or about July 15, 2001, the state treasurer shall transfer to the general fund one
million one hundred twenty-five thousand dollars ($1,125,000) from the South Dakota-bred
racing fund and one million one hundred twenty-five thousand ($1,125,000) from the special
racing revolving fund.
Section 3. That § 42-7-71 be amended to read as follows:
42-7-71. One-fourth of all money received by the state treasurer under this chapter from licensees operating horse racing tracks shall be placed in a special revenue fund to be known as the
"
South Dakota-bred racing fund.
"
The fund shall be used by the commission to encourage
horse racing and the raising and breeding of horses in South Dakota and shall be used for the
purpose of providing compensation to South Dakota-bred horses by providing funds to all
horsetracks licensed in South Dakota
, and for any other purpose provided by the Legislature
.
However, not more than one-fourth of the moneys deposited in the South Dakota-bred racing
fund may be used by the commission to provide purse supplements to horsetracks for horses
other than South Dakota-bred horses.
Section 4. That § 42-7-79.1 be amended to read as follows:
42-7-79.1. In addition to the deductions authorized by § 42-7-79, the dog racing licensees shall deduct from the total sum contributed on dog races, except contributions on dog races in the win, place and show pool, an additional three and three-quarters percent on the dollars contributed. The licensee
will
may
retain one-quarter of one percent for capital improvements
on all amounts contributed and an additional three and one-half percent shall be retained by the
licensee for discretionary use. The special racing revolving fund shall be in the office of the state
treasurer to be disbursed by the commission to increase purses or for operations, or upon
Section 3. That § 42-7-71 be amended to read as follows:
42-7-71. One-fourth of all money received by the state treasurer under this chapter from licensees operating horse racing tracks shall be placed in a special revenue fund to be known as the
Section 4. That § 42-7-79.1 be amended to read as follows:
42-7-79.1. In addition to the deductions authorized by § 42-7-79, the dog racing licensees shall deduct from the total sum contributed on dog races, except contributions on dog races in the win, place and show pool, an additional three and three-quarters percent on the dollars contributed. The licensee
request, funds may be granted to a political subdivision of the state for unusual or unique law enforcement expenses incidental to having a race track or off-track site in that political subdivision , and for any other purpose provided for by the Legislature . Funds in the South Dakota-bred racing fund and the special racing revolving fund shall be disbursed by the commission on warrants drawn by the state auditor on vouchers approved by the commission and such funds shall be disbursed without authority of appropriation acts.
