VA SB1429 | 2011 | Regular Session

Status

Spectrum: Bipartisan Bill
Status: Engrossed on February 7 2011 - 50% progression, died in committee
Action: 2011-02-22 - House: Left in General Laws
Pending: House General Laws Committee
Text: Latest bill text (Comm Sub) [HTML]

Summary

Virginia Racing Commission; net pool wagering; retainage. Changes the name of the Executive Secretary of the Commission to the Executive Director. The bill, among other things, also (i) increases the number of permissible satellite facilities (OTBs) from 10 to 20, (ii) revises the definition of pari-mutuel wagering, (iii) removes the specific retainage percentage on pari-mutuel pools by the licensee and allows the Commission to approve an amount to be so retained as jointly requested by a recognized majority horseman's group and an unlimited licensee, (iv) allows the determination of population for the purposes of the referendum on the establishment of a racetrack or satellite facilities to be based on the U.S. Census or the National Planning Data Corporation or other similar recognized source, and (v) allows the officers, directors, partners, spouses, and immediate family members thereof of a tax-exempt entity granted a limited duration license for thoroughbred or harness racing with pari-mutuel wagering to make contributions to any candidate for public office or public office holder at the state or local level. The bill authorizes net pool wagering on simulcast horse racing transmitted from outside of Virginia. Under the bill, net pool wagering is defined as a method of pari-mutuel wagering whereby amounts are awarded to winning wagers relative to the contribution, net of takeouts, to a pool by each participating jurisdiction or, if applicable, site. The bill requires the Racing Commission to adopt emergency regulations. The bill incorporates

Tracking Information

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Title

Virginia Racing Commission; net pool wagering, retainage.

Sponsors


Roll Calls

2011-02-08 - Senate - Senate: Read third time and passed Senate (22-Y 18-N) (Y: 22 N: 18 NV: 0 Abs: 0) [PASS]
2011-02-04 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2011-02-02 - Senate - Senate: Reported from General Laws and Technology with substitute (10-Y 5-N) (Y: 10 N: 5 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2011-02-22 House: Left in General Laws
2011-02-17 House: Subcommittee recommends laying on the table by voice vote
2011-02-14 House: Assigned GL sub: #3 ABC/Gaming
2011-02-10 House: Referred to Committee on General Laws
2011-02-10 House: Read first time
2011-02-10 House: Placed on Calendar
2011-02-08 Senate: Read third time and passed Senate (22-Y 18-N)
2011-02-07 Senate: Engrossed by Senate - committee substitute SB1429S1
2011-02-07 Senate: Committee substitute agreed to 11104983D-S1
2011-02-07 Senate: Reading of substitute waived
2011-02-07 Senate: Read second time
2011-02-04 Senate: Constitutional reading dispensed (38-Y 0-N)
2011-02-03 Senate: Incorporates SB1333
2011-02-03 Senate: Incorporates SB1332
2011-02-02 Senate: Committee substitute printed 11104983D-S1
2011-02-02 Senate: Reported from General Laws and Technology with substitute (10-Y 5-N)
2011-01-20 Senate: Referred to Committee on General Laws and Technology
2011-01-20 Senate: Presented and ordered printed 11104231D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
591365(n/a)See Bill Text
591369(n/a)See Bill Text
591370(n/a)See Bill Text
591372(n/a)See Bill Text
591378(n/a)See Bill Text
591378.1(n/a)See Bill Text
591382(n/a)See Bill Text
591387(n/a)See Bill Text
591390(n/a)See Bill Text
591391(n/a)See Bill Text
591392(n/a)See Bill Text
591401(n/a)See Bill Text

Virginia State Sources


Bill Comments

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