_______________________________________________
SENATE
BILL 6022
_______________________________________________
Passed
Legislature - 2001 Regular Session
State of Washington 57th
Legislature 2001 Regular Session
By
Read first time 02/14/2001.
Referred to Committee on Labor, Commerce & Financial Institutions.
Changing
from five years to fifteen years the time that certain amounts are awarded to
owners and breeders.
AN
ACT Relating to changing from five years to fifteen years the time that certain
amounts are awarded to owners and breeders; and amending RCW 67.16.102 and
67.16.175.
BE IT ENACTED BY THE
LEGISLATURE OF THE STATE OF WASHINGTON:
Sec.
1. RCW
67.16.102 and 1991 c 270 s 5 are each amended to read as follows:
(1)
Notwithstanding any other provision of chapter 67.16 RCW to the contrary the
licensee shall withhold and shall pay daily to the commission, in addition to
the percentages authorized by RCW 67.16.105, one percent of the gross receipts
of all parimutuel machines at each race meet which sums shall, at the end of
each meet, be paid by the commission to the licensed owners of those horses
finishing first, second, third and fourth Washington bred only at each meet
from which the additional one percent is derived in accordance with an
equitable distribution formula to be promulgated by the commission prior to the
commencement of each race meet: PROVIDED, That nothing in this section shall
apply to race meets which are nonprofit in nature, are of ten days or less, and
have an average daily handle of less than one hundred twenty thousand dollars:
PROVIDED, That the additional one percent of the gross receipts of all
parimutuel machines at each race meet and the amount retained by the commission
as specified in RCW 67.16.100(1)(((a))) shall be deposited daily in a
time deposit by the commission and the interest derived therefrom shall be
distributed annually on an equal basis to those race courses at which
independent race meets are held which are nonprofit in nature and are of ten
days or less: PROVIDED, That prior to receiving a payment under this section
any new race course shall meet the qualifications set forth in this section for
a period of two years: PROVIDED, FURTHER, That said distributed funds shall be
used for the purpose of maintaining and upgrading the respective racing courses
and equine quartering areas of said nonprofit meets. The commission shall not
permit the licensees to take into consideration the benefits derived from this
section in establishing purses.
(2)
The commission is authorized to pay at the end of the calendar year one-half of
the one percent collected from a new licensee under subsection (1) of this
section for reimbursement of capital construction of that new licensee's new
race track for a period of ((five)) fifteen years. This
reimbursement does not include interest earned on that one-half of one percent
and such interest shall continue to be collected and disbursed as provided in
RCW 67.16.101 and subsection (1) of this section.
Sec.
2. RCW
67.16.175 and 1991 c 270 s 9 are each amended to read as follows:
(1)
In addition to the amounts authorized to be retained in RCW 67.16.170, race
meets may retain daily for each authorized day of racing an additional six
percent of the daily gross receipts of all parimutuel machines from exotic
wagers at each race meet.
(2)
Of the amounts retained in subsection (1) of this section, one-sixth shall be
used for Washington-bred breeder awards.
(3)
Of the amounts retained for breeder awards under subsection (2) of this
section, twenty-five percent shall be retained by a new licensee for
reimbursement of capital construction of the new licensee's new race track for
a period of ((five)) fifteen years.
(4) As used in this section, "exotic wagers" means any
multiple wager. Exotic wagers are subject to approval of the commission.
