74-8838. Horse fair racing benefit fund; authorized uses.

462 words·~2 min read·/ks/chapter-74/74-8838

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)The state treasurer shall credit 1 / 3 of the taxes on the takeout from parimutuel pools for simulcast races, as certified by the executive director, to the horse fair racing benefit fund, which is hereby created in the state treasury.

(b)Twenty-five percent of all moneys credited to the horse fair racing benefit fund may be expended, upon application to the commission, for capital improvements to racetrack facilities.

(c)Fifteen percent of all moneys credited to the horse fair racing benefit fund may be expended, upon application to the commission, by a nonprofit horsemen's organization for the promotion of the parimutuel racing industry in this state.

(d)The remaining moneys in the horse fair racing benefit fund shall be expended only for:

(1)Reimbursement of the commission for the commission's administrative costs, as established by rules and regulations of the commission, related to race meetings conducted by a fair association or a horsemen's nonprofit organization, including the cost of stewards, racing judges and assistant animal health officers performing services at such race meetings;

(2)paying the costs of totalisator expenses incurred by an organization licensee that is a fair association or horsemen's nonprofit organization;

(3)paying the costs of background investigations required under the Kansas parimutuel racing act for members of a fair association or horsemen's nonprofit organization;

(4)paying the costs related to any lease agreement for land, equipment or other materials necessary to conduct a race meeting;

(5)purse supplements at race meetings conducted by a fair association or horsemen's nonprofit organization;

(6)basic operating assistance grants to an organization licensee that is a fair association or horsemen's nonprofit organization; and

(7)costs for employment of key racing officials, as determined by the commission, incurred by an organization licensee that is a fair association or horsemen's nonprofit organization.

(e)The commission shall adopt rules and regulations establishing procedures for distributing moneys in the horse fair racing benefit fund to fair associations and nonprofit horsemen's organizations for the purposes provided by this section.

(f)Expenditures from the horse fair racing benefit fund related to the conduct of a race meeting shall not be allocated to any organization licensee for a period exceeding 40 days.

(g)Expenditures from the horse fair racing benefit fund shall not be allocated to any organization licensee to support the conduct of parimutuel greyhound races unless the organization licensee conducts an equal or greater number of parimutuel horse races during the race meeting.

(h)Expenditures from the horse fair racing benefit fund shall be made in accordance with appropriation acts upon warrants of the director of accounts and reports issued pursuant to vouchers approved by the chairperson of the commission or a person designated by the chairperson.