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Sen. Rickey R. Hendon
Filed: 8/9/2007
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09500HB2035sam005 |
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LRB095 08248 AMC 38597 a |
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| AMENDMENT TO HOUSE BILL 2035
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| AMENDMENT NO. ______. Amend House Bill 2035, AS AMENDED, |
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| with reference to page and line numbers of Senate Amendment No. |
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| 1, on page 208, by replacing lines 14 through 26 with the |
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| following:
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| "(c-5)
(Blank).
Before the effective date of
this |
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| amendatory Act of the 94th General Assembly and beginning 2 |
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| years after the effective date of
this amendatory Act of the |
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| 94th General Assembly, after the payments required under |
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| subsections (b) and (c) have been
made, an amount equal to 15% |
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| of the adjusted gross receipts of (1) an owners
licensee that |
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| relocates pursuant to Section 11.2,
(2) an owners licensee
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| conducting riverboat gambling operations
pursuant to an
owners |
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| license that is initially issued after June
25, 1999,
or (3) |
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| the first
riverboat gambling operations conducted by a licensed |
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| manager on behalf of the
State under Section 7.3,
whichever |
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| comes first, shall be paid from the State
Gaming Fund into the |
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| Horse Racing Equity Fund.".
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