Bill Text: IA HF2378 | 2021-2022 | 89th General Assembly | Enrolled
Bill Title: A bill for an act relating to pari-mutuel wagering, concerning distribution of horse racing purse moneys and establishing a fund for certain race horse organizations. (Formerly HSB 641.) Effective date: 07/01/2022.
Spectrum: Committee Bill
Status: (Passed) 2022-05-02 - Signed by Governor. H.J. 869. [HF2378 Detail]
Download: Iowa-2021-HF2378-Enrolled.html
House
File
2378
-
Enrolled
House
File
2378
AN
ACT
RELATING
TO
PARI-MUTUEL
WAGERING,
CONCERNING
DISTRIBUTION
OF
HORSE
RACING
PURSE
MONEYS
AND
ESTABLISHING
A
FUND
FOR
CERTAIN
RACE
HORSE
ORGANIZATIONS.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
99D.7,
subsection
5,
paragraph
c,
subparagraph
(2),
Code
2022,
is
amended
to
read
as
follows:
(2)
Of
the
purse
moneys
designated
for
thoroughbred
racing,
two
four
percent
shall
be
distributed
to
an
organization
representing
owners
of
thoroughbred
race
horses
for
the
purpose
of
paying
the
annual
operating
expenses
of
the
organization
and
for
the
promotion
and
marketing
of
Iowa-bred
horses.
The
organization
receiving
such
purse
moneys
shall
complete
and
provide
to
the
commission
an
annual
audit
and
accounting
of
the
allocation
of
such
moneys.
Sec.
2.
NEW
SECTION
.
99D.27A
Iowa
race
horse
aftercare
organization
assistance
fund.
1.
An
Iowa
race
horse
aftercare
organization
assistance
fund
is
created
in
the
state
treasury
under
the
control
of
the
racing
and
gaming
commission.
2.
The
fund
shall
consist
of
fines
collected
by
the
commission
under
this
chapter
and
such
other
moneys
deposited
in
the
fund.
3.
Moneys
in
the
fund
shall
be
distributed,
under
the
sole
control
of
the
commission,
to
organizations,
exempt
from
federal
income
taxation
under
section
501(c)(3)
of
the
Internal
House
File
2378,
p.
2
Revenue
Code,
that
are
dedicated
to
race
horse
aftercare
subject
to
the
requirements
of
this
section.
4.
The
commission
shall
determine
the
method
by
which
moneys
in
the
fund
shall
be
distributed,
with
priority
given
to
organizations
primarily
involved
in
rehabilitation,
retraining,
and
rehoming
of
former
race
horses
that
raced
in
the
state
of
Iowa
that
have
governing
boards
comprised
of
pari-mutuel
industry
occupational
license
holders.
Moneys
shall
only
be
distributed
to
organizations
shown
to
have
been
in
existence
for
a
minimum
of
three
years.
The
distribution
decisions
of
the
commission
shall
be
final.
5.
Members
of
the
commission,
employees
of
the
commission,
and
any
individual
that
the
commission
had
assist
in
the
distribution
determination
shall
be
held
harmless
against
any
claim
of
liability
made
by
any
person
or
organization
arising
out
of
the
distribution
of
the
moneys
from
the
fund
by
the
commission.
6.
Section
8.33
does
not
apply
to
moneys
in
the
fund.
Notwithstanding
section
12C.7,
subsection
2,
interest
or
earnings
on
moneys
deposited
in
the
fund
shall
be
credited
to
the
fund.
______________________________
PAT
GRASSLEY
Speaker
of
the
House
______________________________
JAKE
CHAPMAN
President
of
the
Senate
I
hereby
certify
that
this
bill
originated
in
the
House
and
is
known
as
House
File
2378,
Eighty-ninth
General
Assembly.
______________________________
MEGHAN
NELSON
Chief
Clerk
of
the
House
Approved
_______________,
2022
______________________________
KIM
REYNOLDS
Governor
