HB5859 93RD GENERAL ASSEMBLY

LRB093 16912 LRD 42569 b

93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5859

Introduced 2/6/2004, by Michael J. Madigan

SYNOPSIS AS INTRODUCED:

230 ILCS 5/15.1

from Ch. 8, par. 37-15.1

Amends the Illinois Horse Racing Act of 1975. Makes technical changes in a Section concerning deposits of fees.

A BILL FOR

AN ACT in relation to gaming.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Horse Racing Act of 1975 is amended by changing Section 15.1 as follows:

(230 ILCS 5/15.1) (from Ch. 8, par. 37-15.1)

Sec. 15.1. Deposits of fees. Upon collection of the fee accompanying the application for an occupation license, the Board shall be authorized to make daily temporary deposits of the fees, for a period not to exceed 7 days, with the horsemen's bookkeeper at a race meeting. The horsemen's bookkeeper shall issue a check, payable to the order of the Illinois Racing Board, for moneys monies deposited under this Section within 24 hours of receipt of the moneys monies. Provided however, upon the issuance of the check by the horsemen's bookkeeper the check shall be deposited in the State Treasury in accordance with the provisions of the "State Officers and Employees Money Disposition Act", approved June 9, 1911, as amended.

(Source: P.A. 84-432.)