Bill
Number: S.B. 1282
Pierce
Floor Amendment
Reference
to: NRRA amendment
Amendment
drafted by: Jennifer Thomsen
FLOOR
AMENDMENT EXPLANATION
- Requires the
Arizona Department of Racing (ADR) to determine the percent of account
wagers being transmitted to the Racing Regulation Fund.
- Removes the
three-year phase out of the regulatory assessment placed on racetracks and
instead requires ADR to determine the time period.
- Directs the
appropriated monies from unclaimed property revenues be distributed to the
Arizona Breeders’ Award Fund for thoroughbred and quarter horse breeders’
awards and also to the County Fair Racing Fund.
Page 3, lines 9 and 10, strike “at least 0.75 per cent” insert
“a percentage determined by the
department”
Between lines 14 and 15, insert:
Line 37, after “deposited”
insert “IN AMOUNTS DETERMINED BY THE
COMMISSION”
Line 38, after “section”
insert “and in the county fair racing
fund established by subsection i of this section. the commission shall further
allocate all monies deposited in the arizona breeders’ award fund pursuant to
this subsection to support incentives as authorized by subsection f of this
section for thoroughbred and quarter horse breeds only”
Page 15, line 39, after “f” insert “and the
county fair racing fund established in section 5-113, subsection i as allocated
by the racing commission”
Line 16, strike “three-year period” insert “time period
determined by the department”
Amend title to conform