Source: http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=HB3242%20intr.htm&yr=2012&sesstype=RS&i=3242
Timestamp: 2018-01-17 20:50:27
Document Index: 163331796

Matched Legal Cases: ['§19', '§29', '§29', '§29', '§29', '§29', '§19', '§29', '§29', '§29', '§29', '§29', '§19']

HB 3242 Text
Introduced Version House Bill 3242 History
H. B. 3242
(By Delegates Swartzmiller, T. Campbell, Manypenny and Jones)
A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §19-23-12d; to amend and reenact §29-22A-6, §29-22A-10 and §29-22A-10c of said code; and to amend and reenact §29-25-19 and §29-25-22 of said code, all relating to allowing simulcast pari-mutuel racing within the confines of gaming facilities located at historic resort hotels; defining terms; permitting the issuing of licenses; providing for payments; setting forth conditions for out-of-state tracks and interstate pools; registering of persons conducting wagering activities; setting forth the licensee’s retainage; setting forth the amounts of payments made by a licensee and to whom they are to be paid; requiring compliance with federal law; authorizing rulemaking; exempting pari-mutuel wagering and equipment from state sales taxes; permitting licensees at racetracks and historic resort hotels to establishing minimum and maximum wager limits at video lottery terminals; authorizing the use of video lottery terminal bill acceptors for all United States currency; reducing the required life for capital investments by licensees at racetracks to be reimbursed from the Capital Investment Fund; extending the time for recoupment of expenditures for capital improvements; requiring historic resort hotels to pay a portion of certain proceeds into the Human Resources Fund; creating a Licensed Racetrack and Historic Resort Hotel Facility Modernization Fund; requiring a certain portion of a licensed racetrack’s gross terminal income to be deposited into that new fund; and defining terms.
That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §19-23-12d; that §29-22A-6, §29-22A-10 and §29-22A-10c of said code be amended and reenacted; that §29-25-19 and §29-25-22 of said code be amended and reenacted, all to read as follows:
(10) "Intertrack wagering" means pari-mutuel wagering on simulcast horse or dog races held at an in-state sending track by patrons at a gaming facility licensed under this section and the electronic transmission of the wagers to the in-state sending track.
(d) Issuance of license. –- Within sixty days after an application is filed pursuant to subsection (b) of this section, the Racing Commission shall act on the application and either grant or deny the application: Provided, That issuance of the license shall not be unreasonably withheld. Once issued, the license shall expire, be renewed, revoked or suspended on the same basis as license issued under this article to racetrack to hold live racing and conduct pari-mutuel wagering.
(2) With the prior approval of the Racing Commission and the concurrence of the out-of-state track, an authorized gaming facility under this article and receiving tracks or entities in other states other than the state in which the out-of-state track is located may form an interstate common pool. With respect to such interstate common pools, the Racing Commission may approve types of wagering, takeout, distribution of winnings, rules of racing, method of calculating breakage, and a percentage of deposits remaining undistributed from a pari-mutuel pool after payment is made to winning ticket holders which are different from those which would otherwise be applied in this state but which are consistent for all parties to the interstate common pool.
(n) Promulgation of rules. -– The Racing Commission shall promulgate rules in accordance with article three, chapter twenty-nine-a of this code, it deems necessary to implement and efficiently administer this section: Provided, That the rules are to be similar to rules promulgated for pari-mutuel wagering on televised races at the racetracks.
(1) The commission shall deduct an amount sufficient to reimburse the commission for its actual costs and expenses incurred in administering racetrack video lottery at the licensed racetrack. and the resulting amount after the deduction is the net terminal income. The amount deducted for administrative costs and expenses of the commission may not exceed four percent of gross terminal income: Provided, That any amounts deducted by the commission for its actual costs and expenses that exceeds its actual costs and expenses shall be deposited into the State Lottery Fund. For the fiscal years ending June 30, 2006, 2007, 2008, 2009, 2010 and 2011, the term “actual costs and expenses” shall include transfers of no more than $20 million in any year to the Revenue Center Construction Fund created by subsection (l), section eighteen, article twenty-two of this chapter for the purpose of constructing a state office building. For all fiscal years beginning on or after July 1, 2001, the commission shall not receive an amount of gross terminal income in excess of the amount of gross terminal income received during the fiscal year ending on June 30, 2001, but four percent of any amount of gross terminal income received in excess of the amount of gross terminal income received during the fiscal year ending on June 30, 2001, shall be deposited into the fund established in section eighteen-a, article twenty-two of this chapter; and
(2) A Licensed Racetrack Modernization Fund shall be created within the lottery fund. For all fiscal years beginning on or after July 1, 2011, the commission shall deduct two and one-half percent from gross terminal income generated by a licensed racetrack for the fiscal year and deposit such amounts into a separate facility modernization account maintained within the Licensed Racetrack Modernization Fund for each racetrack. For each dollar expended by a licensed racetrack for facility modernization improvements at the racetrack, at the location of any amenity associated with the racetrack's destination resort facility operations, or at adjacent facilities owned by the racetrack, having a useful life of three or more years and placed in service after April 1, 2010, the licensed racetrack or historic resort hotel shall receive $1 in recoupment from its facility modernization account. For purposes of this section, the term “facility modernization improvements” include acquisitions of structures and equipment associated with gaming facilities. For purposes of this definition equipment includes: computer hardware and software, communications and Internet access equipment, security and surveillance equipment, video lottery terminals and other electronic equipment or other equipment designed to modernize the facility.
(i) The county shall receive fifty percent of the excess amount;
(b) A Capital Reinvestment Fund is hereby created within the Lottery Fund. Forty-two percent of the surcharge amount attributable to each racetrack shall be retained by the commission and deposited into a separate Capital Reinvestment Account for that licensed racetrack. For each dollar expended by a licensed racetrack for capital improvements at the racetrack, at the location of any amenity associated with the licensed racetrack’s destination resort facility operations, or at adjacent facilities owned by the licensee, having a useful life of seven three or more years and placed in service after April 1, 2001, the licensed racetrack shall receive $1 in recoupment from its Capital Reinvestment Fund Account: Provided, That in the case of thoroughbred horse tracks, four cents of every dollar in recoupment shall be reserved into a separate account, which shall only be spent on capital improvements and upgrading to facilities used for the housing and care of horses, facilities located inside the perimeter of the racing surface, including the surface thereof, facilities used for housing persons responsible for the care of horses, and that any such capital improvements and upgrading shall be subject to recoupment under this section only if they have been approved by the Horsemen’s Benevolent and Protective Association acting on behalf of the horsemen: Provided, however, That in the case of greyhound race tracks, four cents of every dollar in recoupment shall be spent on capital improvements and upgrading in the kennel area or other areas at the track. If a licensed racetrack’s unrecouped capital improvements exceed its Capital Reinvestment Fund account at the end of any fiscal year, the excess improvements may be carried forward to seven fifteen subsequent fiscal years.
(c) Fifty-eight percent of the surcharge amount plus any moneys remaining in a racetrack’s Capital Reinvestment Fund Account at the end of any fiscal year shall be deposited in the State Excess Lottery Revenue Fund created in section eighteen-a, article twenty-two of this chapter.
(c) A Historic Resort Hotel Modernization Fund is hereby created within the Historic Resort Hotel Fund. For all fiscal years beginning on or after July 1, 2011, the commission shall deduct two and one-half percent from gross terminal income received by the commission under section twenty of this article for the fiscal year and deposit these amounts into a separate facility modernization account maintained within the Historic Resort Hotel Modernization Fund for each historic resort hotel. For each dollar expended by a historic resort hotel for facility modernization improvements at the historic resort hotel, having a useful life of three or more years and placed in service after April 1, 2010, the historic resort hotel shall receive $1 in recoupment from its facility modernization account. For purposes of this section, the term “facility modernization improvements” include acquisitions of computer hardware and software, communications and Internet access equipment, security and surveillance equipment, video lottery terminals and other electronic equipment or other equipment designed to modernize the facility.
NOTE: The purpose of this bill is to allow simulcast pari-mutuel racing within the confines of gaming facilities located at historic resort hotels. The bill defines terms. The bill permits the issuing of licenses. The bill provides for payments and sets forth conditions for out-of-state tracks and interstate pools. The bill requires the registering of persons conducting wagering activities. The bill sets forth the licensee’s retainage amount. The bill sets forth the amounts of the payments by a licensee and to whom those payments are made. The bill requires compliance with federal law and authorizes rulemaking. The bill also exempts pari-mutuel wagering and equipment from sales taxes. The bill permits licensees at racetracks and historic resort hotels to establishing minimum and maximum wager limits at video lottery terminals. The bill authorizes the use of video lottery terminal bill acceptors for all United States currency. The bill reduces the required life for capital investments by licensees at racetracks to be reimbursed from the Capital Investment Fund. The bill extends the time for recoupment of expenditures for capital improvements. The bill requires historic resort hotels to pay a portion of certain proceeds into the Human Resources Fund. The bill creates a Licensed Racetrack and Historic Resort Hotel Facility Modernization Fund and requires a certain portion of a licensed racetrack’s gross terminal income to be deposited into that new fund. The bill also redefines the terms.
§19-23-12d is new; therefore, it has been completely underscored.