Modifies the uses for certain moneys received by the Oregon Racing Commission from Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs. Digest: The Act changes the uses of certain moneys that the ORC receives from racing hubs. (Flesch Readability Score: 73.1).
Modifies the uses for certain moneys received by the Oregon Racing Commission from Multi-Jurisdictional Simulcasting and Interactive Wagering Totalizator Hubs. Requires entities that receive distributions of such moneys to expend the moneys and report on the expenditures within a certain time period. Provides for clawback if a recipient fails to expend the moneys or report on expenditures. Provides that moneys that are clawed back be deposited in a fund for horse and jockey safety. Provides that certain moneys that the commission does not expend within a fiscal biennium are deposited in the fund.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HB 3332 House Committee On Commerce and Consumer Protection
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