HB3509 100TH GENERAL ASSEMBLY

LRB100 09741 MJP 19910 b

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.

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning gaming.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Horse Racing Act of 1975 is amended by changing Section 15.1 as follows:

(230 ILCS 5/15.1) (from Ch. 8, par. 37-15.1)

Sec. 15.1. Upon collection of the fee accompanying the application for an occupation license or any other fees, the Board may shall be authorized to make daily temporary deposits of the fees, for a period not to exceed 7 days, 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. Upon Provided however, upon the issuance of the check or the electronic transfer of funds by the organization licensee or the horsemen's bookkeeper, the check or funds shall be deposited into the Horse Racing Fund.

(Source: P.A. 97-1060, eff. 8-24-12.)