HB1490sam002 97TH GENERAL ASSEMBLY

Sen. Iris Y. Martinez

Filed: 5/18/2011

09700HB1490sam002 LRB097 09990 CEL 55873 a

AMENDMENT TO HOUSE BILL 1490

AMENDMENT NO. ______. Amend House Bill 1490 as follows:

on page 7, by replacing line 2 with the following: "application file, license file, or registration file as maintained by the"; and

on page 7, line 23, after "branches.", by inserting the following: "One member of the Board shall be a member of the martial arts community and one member of the Board shall be a member of either the martial arts community or the boxing community."; and

on page 9, by replacing lines 14 through 18 with the following:

"(4) Amateur martial arts contests that are not defined as full-contact martial arts contests under this Act.

(5) Full-contact martial arts contests, as defined by this Act, that are recognized by the International Olympic Committee or are contested in the Olympic Games and are not conducted in an enclosed fighting area or ring."; and

on page 12, line 25, after "competing", by inserting "subject to Department approval"; and

on page 13, line 13, by replacing "deductible" with "deductible. The promoter may not carry an insurance policy with a deductible in an amount greater than $500"; and

on page 13, line 14, by replacing "he or she" with "a contestant"; and

on page 19, by replacing lines 7 through 18 with the following: "boxing or full-contact martial arts, (3) pay the required fee and meet any other requirements as established by rule provide proof of a surety bond of no less than $5,000 to cover financial obligations pursuant to this Act, payable to the Department and conditioned for the payment of the tax imposed by this Act and compliance with this Act and the rules promulgated Act and compliance with this Act and the rules promulgated pursuant to this Act, and (4) in addition to the foregoing, an applicant for licensure as a promoter of professional contests or a combination of both professional and amateur bouts in one contest shall also provide (i) proof of a surety bond of no less than $5,000 to cover financial obligations under this Act, payable to the Department and conditioned for the payment of the tax imposed by this Act and compliance with this Act, and the rules adopted under this Act, and (ii) provide a financial statement, prepared by a certified public accountant, showing liquid working capital of $10,000 or more, or a $10,000 performance bond guaranteeing payment of all obligations relating to the promotional activities, and (5) pay the required fee and meet any other requirements as determined by rule."; and

on page 22, line 16, by replacing "2 EMT-Ps" with "at least one EMT and one EMT-P"; and

by deleting line 18 on page 26 through line 2 on page 27.