HB4001 98TH GENERAL ASSEMBLY

LRB098 15560 ZMM 50590 b

98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB4001

Introduced , by Rep. 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 a technical change in a Section concerning deposits of fees.

A BILL FOR

AN ACT concerning 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. Upon collection of the 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 monies deposited under this Section within 24 hours of receipt of the monies. Provided however, upon the issuance of the check by the horsemen's bookkeeper the check shall be deposited into the Horse Racing Fund.

(Source: P.A. 97-1060, eff. 8-24-12.)