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Code · Nebraska · Chapter 9 — Bingo and Other Gambling

9-1107. Racetrack Gaming Fund; created; use; investment.

158 words·~1 min read·/ne/chapter-9/9-1107

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The Racetrack Gaming Fund is created. The fund shall consist of all license, application, and other fees collected under the Nebraska Racetrack Gaming Act and all license fees and gross tax receipts collected by the commission under sections 2-1203 , 2-1203.01 , and 2-1208 relating to horseracing but shall not include taxes collected pursuant to section 2-1208.01 . The fund shall be used for administration of the Nebraska Racetrack Gaming Act and the administration of horseracing pursuant to Chapter 2, article 12.
Transfers may be made from the fund to the General Fund and the Compulsive Gamblers Assistance Fund at the direction of the Legislature. Any money in the Racetrack Gaming Fund available for investment shall be invested by the state investment officer pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act. Beginning October 1, 2024, any investment earnings from investment of money in the fund shall be credited to the General Fund.
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