Chapter 606 Oregon Laws 1999

Session Law

AN ACT

HB 3425

Relating to racing; amending ORS 462.725.

Be It Enacted by the People of the State of Oregon:

SECTION 1. ORS 462.725 is amended to read:

462.725. (1) Notwithstanding any other provision of this chapter, the Oregon Racing Commission may develop and adopt rules to license and regulate all phases of operation of "Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs" located in Oregon. In addition to the other rules of operation adopted by the commission, the commission shall adopt a rule setting the amount that may be taken from the gross receipts of the multi-jurisdictional mutuel system.

(2) All employees working in Oregon and all officers of any "Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs" located and operating in Oregon must obtain a license from the Oregon Racing Commission prior to the commencement of business or employment. The fees for such licenses shall be the same as set forth in ORS 462.070.

(3) Payments to be made to the Oregon Racing Commission include:

(a) "Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hub" license fee not more than $200 per operating day.

(b) Not more than one percent of total gross mutuel wagering receipts recorded by the totalizator system.

(4) Of the moneys received by the Oregon Racing Commission under subsection (3)(b) of this section, 33-1/3 percent shall be paid to the State Treasurer for deposit in the General Fund and 66-2/3 percent shall be retained by the commission. The Oregon Racing Commission may adopt rules under which the moneys retained by the commission may be distributed for the benefit of the Oregon pari-mutuel racing industry.

Approved by the Governor July 12, 1999

Filed in the office of Secretary of State July 12, 1999

Effective date October 23, 1999

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