Bill Text: IL HB3509 | 2017-2018 | 100th General Assembly | Introduced


Bill Title: Amends the Horse Racing Act of 1975. Provides that, upon collection of the fee accompanying the application for an occupation license or any other fees, the Board may make daily deposits of the fees with the organization licensee or the horsemen's bookkeeper at a race meeting. The organization licensee or the horsemen's bookkeeper shall either use ACH electronic transfer of funds or issue a check, payable to the order of the Illinois Racing Board, for monies deposited under this Section within 24 hours of receipt of the monies.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2017-03-31 - Rule 19(a) / Re-referred to Rules Committee [HB3509 Detail]

Download: Illinois-2017-HB3509-Introduced.html


100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB3509

Introduced , by Rep. Joe Sosnowski

SYNOPSIS AS INTRODUCED:
230 ILCS 5/15.1 from Ch. 8, par. 37-15.1

Amends the Horse Racing Act of 1975. Provides that, upon collection of the fee accompanying the application for an occupation license or any other fees, the Board may make daily deposits of the fees with the organization licensee or the horsemen's bookkeeper at a race meeting. The organization licensee or the horsemen's bookkeeper shall either use ACH electronic transfer of funds or issue a check, payable to the order of the Illinois Racing Board, for monies deposited under this Section within 24 hours of receipt of the monies.
LRB100 09741 MJP 19910 b
FISCAL NOTE ACT MAY APPLY

A BILL FOR

HB3509LRB100 09741 MJP 19910 b
1 AN ACT concerning gaming.
2 Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4 Section 5. The Illinois Horse Racing Act of 1975 is amended
5by changing Section 15.1 as follows:
6 (230 ILCS 5/15.1) (from Ch. 8, par. 37-15.1)
7 Sec. 15.1. Upon collection of the fee accompanying the
8application for an occupation license or any other fees, the
9Board may shall be authorized to make daily temporary deposits
10of the fees, for a period not to exceed 7 days, with the
11organization licensee or the horsemen's bookkeeper at a race
12meeting. The organization licensee or the horsemen's
13bookkeeper shall either use ACH electronic transfer of funds or
14issue a check, payable to the order of the Illinois Racing
15Board, for monies deposited under this Section within 24 hours
16of receipt of the monies. Upon Provided however, upon the
17issuance of the check or the electronic transfer of funds by
18the organization licensee or the horsemen's bookkeeper, the
19check or funds shall be deposited into the Horse Racing Fund.
20(Source: P.A. 97-1060, eff. 8-24-12.)
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