SB 405-1_ Filed 02/22/2010, 10:48 Goodin


Text Box


    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______
    RULED OUT OF ORDER


[

HOUSE MOTION ____

]

MR. SPEAKER:

    I move that Engrossed Senate Bill 405 be amended to read as follows:

SOURCE: Page 1, line 1; (10)MO040510.1. -->     Page 1, between the enacting clause and line 1, begin a new paragraph and insert:
SOURCE: IC 4-31-5-11; (10)MO040510.1. -->     "SECTION 1. IC 4-31-5-11 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 11. The commission may shall require each permit holder to schedule one (1) two (2) or more races on each racing day:
        (1) solely for Indiana owned horses;
        (2) solely for Indiana sired horses;
        (3) solely for Indiana bred horses; or
        (4) for a combination of Indiana owned horses, Indiana sired horses, and Indiana bred horses.".
SOURCE: Page 6, line 15; (10)MO040510.6. -->     Page 6, between lines 15 and 16, begin a new paragraph and insert:
SOURCE: IC 4-31-11-0.3; (10)MO040510.7. -->     "SECTION 7. IC 4-31-11-0.3 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 0.3. As used in this chapter, "base purse" means an amount equal to seventy percent (70%) of the equivalent open race purse of the same class and condition.
SOURCE: IC 4-31-11-0.7; (10)MO040510.8. -->     SECTION 8. IC 4-31-11-0.7 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 0.7. As used in this chapter, "breeder award" refers to a monetary award paid to the breeder of any registered Indiana bred or sired horse that wins a race at an Indiana racetrack for a claiming price of at least ten thousand dollars ($10,000).
SOURCE: IC 4-31-11-2.3; (10)MO040510.9. -->     SECTION 9. IC 4-31-11-2.3 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 2.3. As used in this chapter, "owner award" refers to a monetary award paid to the owner of any registered Indiana bred or sired horse that wins a race at an Indiana racetrack for a claiming price of at least ten thousand dollars ($10,000).
SOURCE: IC 4-31-11-2.7; (10)MO040510.10. -->     SECTION 10. IC 4-31-11-2.7 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 2.7. As used in this chapter, "stallion owner award" refers to a monetary award paid to the owner of a registered stallion whose progeny wins a race at an Indiana racetrack for a claiming price of at least ten thousand dollars ($10,000).
SOURCE: IC 4-31-11-3; (10)MO040510.11. -->     SECTION 11. IC 4-31-11-3 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 3. The commission may shall establish a separate breed development advisory committee for each breed of horse that participates in racing meetings under this article.
SOURCE: IC 4-31-11-9; (10)MO040510.12. -->     SECTION 12. IC 4-31-11-9 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 9. (a) Each development committee may shall make recommendations to the commission concerning:
        (1) stakes races;
        (2) futurity races;
        (3) races only for horses owned by Indiana residents;
        (4) races only for horses sired by stallions standing in Indiana;
        (5) races only for horses foaled in Indiana; or
        (6) races for any combination of horses described in subdivision (3), (4), or (5).
Races described in subdivisions (3) through (6) may be for different distances and may be limited by the age, sex, or gait of the horse.
    (b) Each development committee may shall make recommendations to the commission concerning:
        (1) cooperative arrangements with statewide breed associations; and
        (2) distribution of money available in a development fund in order to supplement a purse for a race at a county fair or agricultural exposition in Indiana.
SOURCE: IC 4-31-11-10; (10)MO040510.13. -->     SECTION 13. IC 4-31-11-10 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 10. The commission may shall establish a separate breed development fund for each breed of horse that participates in racing meetings under this article. The development funds shall be administered by the commission.".
SOURCE: Page 6, line 24; (10)MO040510.6. -->     Page 6, between lines 24 and 25, begin a new paragraph and insert:
SOURCE: IC 4-31-11-15; (10)MO040510.15. -->     "SECTION 15. IC 4-31-11-15 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 15. (a) The commission shall use the development funds to provide:
         (1) purses and other funding for the activities for races described in section 9 9(a)(3) through 9(a)(6) of this chapter; and
        (2) the purses and awards for thoroughbred racing required by subsection (b).
    (b) This subsection applies only to the money distributed to the breed development fund for thoroughbreds under IC 4-35-7-12(d)(1)(B). The money must be used as follows:
        (1) To provide purses and supplements for races restricted to Indiana bred or sired horses, or a combination of Indiana bred or sired horses.
        (2) To pay the following awards:
            (A) Owner awards.
            (B) Breeder awards.
            (C) Stallion owner awards.
    (c) Money used to provide purses under subsection (b) must supplement the base purse provided by a permit holder from the permit holder's purse account.
    (d) An award paid under subsection (b) is equal to the following amounts:
        (1) Twenty percent (20%) of the total purse of the race for which the award is made, including any purse supplements, in the case of an owner award or a breeder award.
        (2) Ten percent (10%) of the total purse of the race for which the award is made, including any purse supplements, in the case of a stallion owner award.
".
SOURCE: Page 34, line 18; (10)MO040510.34. -->     Page 34, line 18, delete "." and insert " to be used as required by IC 4-31-11-15.".
    Page 35, line 36, strike "2008, and ending".
    Page 35, line 37, strike "before July 1,".
    Page 36, delete lines 7 through 25, begin a new paragraph and insert:
    "(k) For a state fiscal year beginning after June 30, 2009, the amount of money dedicated to the purposes described in subsection (b) for a particular state fiscal year is equal to the lesser of:
        (1) fifteen percent (15%) of the licensee's adjusted gross receipts for the state fiscal year; or
        (2) the amount dedicated to the purposes described in subsection (b) in the previous state fiscal year increased by a percentage that does not exceed the percent of increase in the United States Department of Labor Consumer Price Index during the year preceding the year in which an increase is established.
If fifteen percent (15%) of a licensee's adjusted gross receipts for the state fiscal year exceeds the amount specified in subdivision (2), the

licensee shall transfer the amount of the excess to the commission for deposit in the state general fund. The licensee shall adjust the transfers required under this section in the final month of the state fiscal year to comply with the requirements of this subsection.".
    Renumber all SECTIONS consecutively.
    (Reference is to ESB 405 as printed February 19, 2010.)

________________________________________

Representative Goodin


MO040510/DI 77     2010